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Webinar: Standing on guard for thee — Adjusting Canadian NatCats

September 1, 2020 by Canadian Underwriter

To view Canadian Underwriter’s full webinar series, please fill in the following information for immediate access: Webinar Access Name* First Last Email* Zip/Postal Code*Phone*Organization*Job Title*What is the business of the organization you work for?*Choose One…Independent Insurance BrokerageInsurance AgencyManaging General AgentInsurer

News Insurance

How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come

News Insurance

Why insurers cross their fingers after microburst storms in Toronto

July 15, 2020 by Adam Malik

Old infrastructure and combined sewer systems mean that severe thunderstorms like the one seen last week will continue to leave basements flooded for years to come, leaving insurers and claims professionals busy, according to an industry expert. “When you get

News Insurance

Flash storm hits same areas of Toronto as in 2013 Cat event. Was the damage the same?

July 9, 2020 by Adam Malik

Toronto is drying out from another sudden thunderstorm, but claims professionals may have dodged an even bigger workload thanks to the storm quickly moving out. “We’ve seen worse,” Glenn McGillivray, managing director at the Institute for Catastrophic Loss Reduction (ICLR),

News InsuranceTechnology

The home insurance coverage your clients don’t know about

November 27, 2019 by Greg Meckbach

Most home insurance clients don’t know they could be covered for identity theft, Top Broker Summit attendees heard Monday. “On the personal lines side, there have been a number of companies in Canada that have offered identity theft coverage for

News CatastrophesInsurance

The burning question: where is Canada’s national wildfire plan?

October 1, 2019 by Adam Malik

Enough talk about wildfire risk has taken place, says Zurich Canada’s risk boss. Now there needs to be real action around building a national strategy on wildfires. It’s been three years since the wildfires in Fort McMurray, Alta., for which

News ClaimsConstructionInsurance

Were the Ottawa-Gatineau tornadoes the costliest in Canadian history?

October 17, 2018 by Jason Contant

The tornadoes that struck the Ottawa-Gatineau area on Sept. 21 cost the industry $300 million in insured damage, the Insurance Bureau of Canada (IBC) said Wednesday. Of that, $200 million was for insured damage on the Ontario side, and $100

News ClaimsInsurance

What’s the likelihood of an EF5 tornado in Canada?

October 10, 2018 by Jason Contant

Following the EF3 tornado that struck Dunrobin, Ont. on Sept. 21, should insurers worry about the potential for a powerful EF5 strike on a major population centre in Canada? Probably not. But they should be concerned about tornadic storms in

News CatastrophesClaimsInsurance

Will Ottawa-Gatineau insured losses set a record for tornado damage?

September 28, 2018 by Jason Contant

Official catastrophe estimates will not be ready for awhile following the tornadoes that struck the Ottawa and Gatineau areas Sept. 21, but it will definitely be a cat event, industry observers say. Catastrophe Indices and Quantification Inc. (CatIQ) defines a

News CatastrophesClaimsInsuranceMarkets / Coverages

Claims whack-a-mole: what’s going on in property lines?

September 25, 2018 by David Gambrill

As if mounting auto insurance losses aren’t enough, the industry now has a new emerging issue to worry about this year – an alarming spike in home and commercial property claims. Catastrophe losses and fire are among the chief culprits

News ClaimsInsurance

What made the Dunrobin tornado so unique

September 24, 2018 by Jason Contant

One tornado that struck the Dunrobin, Ont. area Friday was only the second EF3 twister to touch down in the province in September or later – and the first during this time period in 120 years, said Glenn McGillivray, managing

News Claims

Is Toronto’s latest storm a cat event?

September 12, 2018 by Jason Contant

Although heavy rain soaked Torontonians during Monday’s morning rush hour, the storm won’t be a catastrophe event, insurance professionals told Canadian Underwriter. “As far as I’m concerned, the rainfall yesterday was a non-event from an insurance perspective,” Glenn McGillivray, managing