Canadian Underwriter

Trending

News B.C.BrokersInsurersLoss TrendsPersonal Auto

Intact to exit this line of business

October 28, 2020 by Jason Contant

Canada’s largest insurer announced late Tuesday that its brands Intact Insurance and belairdirect will no longer offer optional auto coverage in British Columbia.  “This decision was taken after careful consideration, given the upcoming regulatory changes in the province that will

News BrokersBusiness InterruptionClaimsClaims Canada ArchiveCommercialEducationInsurersLoss ControlLoss TrendsOntarioRisk ManagersTrusted Advisor

Why reinsurers are now ‘hesitant’ to support some Canadian insurers

October 22, 2020 by Greg Meckbach

One lesson from the economic disruption from COVID-19 is the importance of telling clients exactly what risks are and are not covered, an Insurance Brokers Association of Ontario panelist suggested Thursday. “Business interruption class action litigation does not attract capital

News BrokersEducationManagementMergers and AqcuisitionsOperationsTrusted Advisor

The downside of selling for 4 times multiple during COVID

October 23, 2020 by Greg Meckbach

Despite the economic disruption from the COVID-19 pandemic, some brokerage owners could sell their business for multiples of more than four times revenue, but there is potential downside to this, Ontario brokers heard Wednesday at their annual convention. “About 15

News BrokersLegalLicensingRisk Managers

Intact’s take on regulating commercial ‘middle players’

October 26, 2020 by Greg Meckbach

Government and the industry should take a close look at the structure and regulation of “middle players” in the commercial property and casualty insurance market, Ontario brokers heard last week at their annual convention. “We know there are some things

News B.C.Business InterruptionClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLegalLoss ControlLoss TrendsRisk Managers

What this Vancouver plaintiff’s lawyer says about pandemic business interruption coverage

October 27, 2020 by Greg Meckbach

A British Columbia lawyer suggests at least half the business interruption insurance policies he has reviewed should cover a client who lost business because of emergency measures imposed to contain the novel coronavirus. “People who have ‘all-risk’ policies should be

News Commercial

Chubb names new president for Canada; Moore retiring

October 22, 2020 by Greg Meckbach

Commercial insurer Chubb Canada is about to get a new president. Ellen Moore is retiring at the end of this year, Chubb announced Thursday. “I want to thank Ellen for the exceptional contributions she’s made during her 40 years at

News BrokersBusiness InterruptionClaimsClaims Canada ArchiveCommercialInsurersLegalOntarioTrusted Advisor

Why brokers are going to get sued over pandemic business interruption claims

October 21, 2020 by Greg Meckbach

Some brokers are going to get sued by clients whose COVID-19 business interruption claims were denied, a keynote speaker warned Insurance Brokers Association of Ontario (IBAO) members Wednesday. “The main area of claim will be failure to advise of potential