Canadian Underwriter


Car Accident Detail.
News BrokersInsurersLegalOntarioPersonal Auto

What Ontario drivers might save by dropping DCPD coverage

November 23, 2023 by David Gambrill

Ontario brokers are questioning the value of the Ontario government’s forthcoming new law allowing drivers to drop out of direct compensation property damage (DCPD) coverage for their cars. DCPD coverage is currently mandatory and protects policyholders in the event of

a car alone in a dimly lit parking lot
News AlbertaBrokersClaimsCommercial AutoEmerging RisksInsurersLoss TrendsOntarioPersonal AutoQuebec

The Top 10 stolen cars in Canada

November 14, 2023 by Alyssa DiSabatino

For the second year in a row, the Honda CR-V was the most stolen vehicle in Canada, according to Équité Association.  The auto insurance fraud prevention organization today announced its Top 10 Most Stolen Vehicles in Canada, which now includes

Red warning flag
News BrokersLegalLiabilityMergers and AqcuisitionsOperations

These red flags may waive a brokerage buyer off a deal

November 24, 2023 by David Gambrill

Rising interest rates are changing the brokerage M&A environment and giving sellers a shorter timeline to produce the projected earnings. And chances are, if they haven’t produced reliable returns already, the buyers may balk on a purchase, said Yan Charbonneau,

Empty store shelves representing a labour shortage
News CommercialCommercial AutoEmerging RisksHRManagement

Addressing a shortage of qualified commercial underwriters

November 28, 2023 by Alyssa Di Sabatino

Nicholas Hudescu is a rarity in the insurance industry. The 23-year-old attended Wilfrid Laurier University, earning a Bachelor of Business Administration degree specializing in insurance and risk management. While there, he joined the student-run Laurier Insurance and Risk Association (LIRA)

Aerial firefighting for a forest wildfire in Canada
News CatastrophesClaimsCommercialEnvironmentalInsurers

How Canada’s wildfire season will shape reinsurance renewals

November 28, 2023 by Alyssa DiSabatino

Reinsurers have their ears to the ground on climate change losses, and Canada’s record wildfire season is adding to the heat, according to industry experts.   But while reinsurers are keeping a close watch on wildfire risk, tallied wildfire losses

New vehicles at an auto dealership holding lot
News BrokersClaimsCommercial AutoInsurersLoss ControlLoss TrendsPersonal Auto

Can car dealerships manage insurance risks from vehicle thefts?

November 27, 2023 by Philip Porado

Car thefts began rising across Canada in 2020 during the COVID-19 pandemic and have been climbing ever since – fuelled by organized crime rings using new technologies to steal key fob codes and take vehicles while their owners are asleep.

Cardboard Boxes at new apartment
News ClaimsInsurersLegalNova ScotiaPersonal Home

‘Vacancy’ confusion in a home insurance policy: what the court said

November 29, 2023 by David Gambrill

A Nova Scotia court awarded more than $225,000 against a home insurer after its telephone agent placed coverage for a couple’s newly purchased house, when in fact it was unclear if the property was vacant, thus triggering a policy exclusion