InsuranceHires

Alberta’s United Conservative Party says it will be making an announcement later this week about the culmination of the province’s deliberations on auto insurance reform.  CBC reported Monday this announcement will detail the government’s intent to lift or increase the…

The post Auto reform imminent? Alberta set to make announcement appeared first on Canadian Underwriter.

Westland Insurance has grown its presence in Ontario with the purchase of MSP Insurance Corp., effective Nov. 1. “The acquisition of this P&C brokerage marks Westland’s third partnership in Ontario this year, reinforcing the organization’s strategic growth in the Greater…

The post Westland continues strategic GTA growth with acquisition appeared first on Canadian Underwriter.

Brokers are invited to meet with the MGA Market, CAMGA members who represent over 90% of MGAs in Canada will be exhibiting at the trade show. Come and discover what MGAs write and have appetite for. 1pm – 5pm  

The post Broker – MGA Exchange Trade Show appeared first on Canadian Underwriter.

Adventure activities like recreational helicopter use have surged in popularity in recent years. These aircraft, flown by private providers, are becoming more affordable and give adventurers unique opportunities for sightseeing, mountain climbing, heli-skiing and more. The possibilities are nearly endless…

The post Will that adventure tourism waiver stand up in court? appeared first on Canadian Underwriter.

VANCOUVER – Hurricane-force winds slammed into parts of the British Columbia coast as a massive storm swirling off Vancouver Island severed highways and cut power to thousands of people overnight. Winds from the bomb cyclone weather system exceeded 100 km/h…

The post Bomb cyclone batters B.C. with hurricane-force winds, cutting roads and power appeared first on Canadian Underwriter.

Join Leanne Taylor, Director of Underwriting and Programs from RMA to take a deep dive into the dynamic world of Cyber insurance in this informative presentation. Here’s What You’ll Learn: *The evolution of Cyber Insurance *The coverage defined, and ways…

The post IIO Hamilton/Niagara Chapter- Cyber Insurance Seminar appeared first on Canadian Underwriter.

The bomb cyclone forecast to hit B.C.’s coast Tuesday through Wednesday could bring gusty winds and flooded basements, fallen power lines and potential damage to structures, experts tell Canadian Underwriter.  But even if it’s similar to the bomb cyclone that…

The post Bomb cyclone in B.C.: the insurance impacts to expect appeared first on Canadian Underwriter.

Insurance brokers don’t price products, but they play a crucial role in ensuring carriers have the data needed to set appropriate premiums. For brokerages, providing accurate and comprehensive data about clients and their risk levels is essential. If brokers fail…

The post Sales column: How data accuracy strengthens client relationships appeared first on Canadian Underwriter.

The Canadian Press — Denis Villeneuve has worked in cybersecurity for 15 years but seldom have the threats he’s come across felt as personal as they do these days. Employees at his workplace, technology firm Kyndryl, have been sent fake videos…

The post Artificial intelligence a ‘double-edged sword’ in world of cybersecurity: experts appeared first on Canadian Underwriter.

TORONTO, ON, NOV 19, 2024 /insPRESS/ – Envista Forensics  Envista Forensics, a global forensic consulting firm, is pleased to announce the continued growth of its Fire Investigation team with the addition of Jake Harvey, P.Eng,  Fire Investigator, based in Toronto, ON.…

The post Envista Forensics Strengthens Fire Investigation Team with New Expertise in Toronto appeared first on Canadian Underwriter.

If your client tells you they’re looking into buying a 2021 Toyota Highlander, you can confirm the SUV is indeed the most popular choice in Canada — for auto thieves. In fact, it’s the Number 1 stolen car in the…

The post Auto theft: New #1 on thieves’ most wanted list appeared first on Canadian Underwriter.

TORONTO, ON, NOV 19, 2024 /insPRESS/ – CIAA  The Canadian Independent Adjusters’ Association (CIAA) representing over 1,800 Independent Adjusters across Canada is pleased to announce that Michael Connolly, BA, CFEI, CIP was inaugurated as the association’s 40th National President. Connolly…

The post New President Announced for the Canadian Independent Adjusters’ Association. appeared first on Canadian Underwriter.

Editor’s Note:  This article has been corrected. MBC Group was the original incubator for the EcoClaim Certificate Program. However, EcoClaim became its own entity in 2023 and is now the administrator of the EcoClaim Certification Program. CU apologizes for the…

The post SCM’s latest deal in the claims space appeared first on Canadian Underwriter.

More public education about insurance is required, partly because of the nuance around the concept of indemnity and the intangible nature of the product, says a champion of financial literacy at Co-operators. “Maybe the most powerful message is that insurance…

The post Financial literacy: What to tell your clients about indemnity appeared first on Canadian Underwriter.

TORONTO, ON — Ontario needs to undertake a $183-million analysis, and in some cases an overhaul, of “dangerous” rural roads in order to prevent a disproportionate number of fatal crashes from occurring on those routes. The province needs to undertake…

The post Many rural roads proving deadly: group appeared first on Canadian Underwriter.

Canadian property and casualty insurance brokers are increasingly moving into commercial specialty lines to show their value by offering clients advocacy, advice and tailor-made insurance options. In doing so, they’re tapping into the existence of a similarly entrepreneurial, flexible, solution-oriented…

The post How commercial brokers can pan for gold in specialty lines appeared first on Canadian Underwriter.

TORONTO, ON, NOV 18, 2024 /insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensics firm, is pleased to announce the senior appointment of Mehemed Delibasic M.Sc., P.Eng. as Vice President of the Transportation and Safety group. Mehemed has over 26…

The post 30 Forensic Engineering Appoints Mehemed Delibasic M.Sc., P.Eng. as Vice President – Transportation & Safety Group appeared first on Canadian Underwriter.

Large language models (LLMs) such as ChatGPT are not properly helping underwriters, leading one cyber expert to suggest underwriters should look at small language models (SLMs) instead. The insurance industry possesses massive amounts of data subsets, just by the nature…

The post Do cyber underwriters need a new approach? appeared first on Canadian Underwriter.

Softening rates are now prevalent in many commercial lines segments in Canada, and not just D&O and cyber lines, according to Applied Systems’ 2024 Q3 Premium Rate Index. Once a hard market dominated by rate increases, withdrawn capacity, and tightening…

The post Commercial rate increases continue to fall in 2024 Q3 appeared first on Canadian Underwriter.

A three-day rainstorm causing flooding along the southern British Columbia coastline has created $110 million in insured damage, according to the latest estimates from Catastrophe Indices and Quantification Inc. (CatIQ).  From Oct 18 to 20, a Category 4 atmospheric river…

The post B.C. flooding pushes 2024 Cat losses to high water mark appeared first on Canadian Underwriter.

It’s been nearly two years since the IFRS 17 insurance accounting standard came into effect on Jan. 1, 2023, and the kinks are still being worked out. In Canadian Underwriter’s latest What’s on Dec? podcast, MSA Research president Nevina Kishun…

The post What’s on Dec? | Episode 18 | Decoding IFRS 17 appeared first on Canadian Underwriter.

There’s no silver bullet when it comes to managing flood risk and damage, but using a variety of tactics over time could help. That’s what the City of Courtenay is doing as part of its flood management plan to protect…

The post Do you live in a floodplain? How one city manages the elevated flood risk appeared first on Canadian Underwriter.

Between paper cheques and mailed policies, the insurance industry is facing potential disruption as Canada Post union workers gear up for a possible strike Friday.   Brokers and insurers must prepare to mitigate logistical issues, and ensure their customers understand…

The post How the industry is preparing for a looming Canada Post strike appeared first on Canadian Underwriter.

Winter tire usage in Canada is on the rise, a new study finds. A new Leger study commissioned by the Tire and Rubber Association of Canada (TRAC) found nearly three-quarters of polled Canadian motorists (73%) believe extreme weather events related…

The post Extreme weather drives importance of winter tire usage appeared first on Canadian Underwriter.

Editor’s Note: The Insurance Institute of Canada today announced the winners of its annual leadership awards. Below, CU caught up with the winner of the Institute’s Established Leader Award, Rohit Trivedi of Allianz Commercial. Please watch for our forthcoming interview…

The post Insurance Institute names 2024 Established Leader Award appeared first on Canadian Underwriter.

LONGUEUIL, QUE. – People in a part of Longueuil, Que., were being asked to stay indoors with their doors and windows closed on Thursday morning after a train derailed, spilling an unknown quantity of hydrogen peroxide. Police from the city…

The post Train derailment and spill near Montreal leads to confinement order appeared first on Canadian Underwriter.

TORONTO, ON, NOVEMBER 14, 2024/insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensics firm, is pleased to announce a significant achievement within our Collision Reconstruction and Digital Media Analysis groups. We have successfully assembled the nation’s largest team of LEVA-Certified…

The post 30 Forensic Engineering’s Digital Media Analysis Group Forms Canada’s Largest Team of LEVA-Certified Video Forensic Experts appeared first on Canadian Underwriter.

Navacord brokerage Jones Deslauriers Insurance has moved into Quebec’s group benefits sector, acquiring specialist broker Vita Assure.  Vita Assure focusses on full-service group insurance benefits and retirement solutions for small to medium-sized enterprises. It has offices in Montreal and Ontario,…

The post Latest Navacord deal expands its footprint in benefits space appeared first on Canadian Underwriter.

Unless otherwise specified in a construction wrap-up policy, the definition of insured “subcontractors” includes offsite manufacturers of components incorporated in the project, even if that supplier does not perform site services, the B.C. Court of Appeal has ruled. “The definition…

The post Construction ‘subcontractors’ include offsite suppliers appeared first on Canadian Underwriter.

While Canadian companies aren’t yet going militant when refusing ransomware payments to cybercriminals, recent stats show ransomware payments are starting to fall off. “At the start of 2019, 85% of victims of ransomware attacks paid a ransom following a [cyberattack],”…

The post Why companies say ‘No’ to cybercriminals’ ransom demands appeared first on Canadian Underwriter.