InsuranceHires

Two major rainstorms in just over a week put Toronto over the mark to see its wettest July on record, according to Environment and Climate Change Canada (ECCC). Since the start of July, the city’s seen 186 millimetres of rain,…

The post Did Toronto dodge a bullet with second major rainstorm? appeared first on Canadian Underwriter.

Home and auto rates remain on their upward trajectory, Applied’s Rating Index for Q2 2024 shows.   “Both personal property and personal auto are experiencing increases year-over-year and quarter-over-quarter, signifying continued hardening in the market,” Steve Whitelaw, senior vice president…

The post Personal auto and home rates harden in recent quarter appeared first on Canadian Underwriter.

Two well-known former P&C insurance industry execs, T. Neil Morrison and Carol Jardine, have joined Aviva Canada’s board as non-executive directors. Morrison has also been appointed chairman designate. He will take over from current board chairwoman Anne Marie O’Donovan next…

The post 2 industry leaders named to Aviva Canada’s board appeared first on Canadian Underwriter.

TORONTO, ON, JULY 26, 2024/insPRESS/ – Platform Insurance Management Inc. (“PLATFORM”), a leading P&C insurance brokerage with a vertical focus on Construction, Infrastructure and Development, is excited to announce the opening of a new office in Calgary, Alberta. This expansion…

The post PLATFORM Expands Reach Across Alberta & Western Canada with New Calgary Office appeared first on Canadian Underwriter.

The wildfire situation in the Slocan Valley has gone from bad to worse as a cold front moving through the region brought high winds, fanning the flames and causing significant wildfire growth, a Southeast Fire Centre official stated Thursday night.…

The post Wildfire situation in Slocan Valley suffers setback as cold front chills fire crews’ efforts appeared first on Canadian Underwriter.

MONTREAL – Environment Canada says at least one tornado is confirmed to have hit Quebec on Wednesday night and it appears two others also touched down on the province earlier in the day. A tornado formed on Montreal’s South Shore…

The post Three tornadoes likely hit Quebec, uprooting trees and damaging infrastructure appeared first on Canadian Underwriter.

A scarcity of skilled labour, shortage of building materials and lack of adjuster capacity were all significant hurdles in the claims process following consecutive wildfire and flooding catastrophes in Nova Scotia last year, Insurance Bureau of Canada (IBC) says in…

The post Candid feedback on how consecutive Cats strained resources appeared first on Canadian Underwriter.

The industry can expect “significant losses” after out-of-control wildfires reached the town of Jasper, Alberta last night.  Stoked by extreme heat and strong winds, the blazes encroached on the Alpine tourist town Wednesday night, after multiple fires started earlier in…

The post Jasper wildfires: Industry braces for huge losses appeared first on Canadian Underwriter.

A B.C. broker inexperienced in commercial lines received a reprimand from the province’s broker regulator last week for failing to provide information to a client about D&O coverage. Had the broker passed along information about a managing general agent (MGA)’s…

The post Broker’s inexperience in commercial lines leads to reprimand appeared first on Canadian Underwriter.

TORONTO, ON, JULY 25, 2024/insPRESS/ – CSIO congratulates Logiciels Deltek Inc. (Deltek) on being the first Broker Management System (BMS) vendor to earn CSIO’s eDocs Certification, confirming they have implemented all 40 updated eDocs codes and descriptions for personal and…

The post Logiciels Deltek Inc. Becomes the First BMS Vendor to Earn CSIO’s eDocs Certification appeared first on Canadian Underwriter.

Although there have been “growing rumbles of a ‘softening’ in commercial liability markets,” there is limited evidence of softening in the first quarter results of Canadian property and casualty insurers, says Canada’s insurance insolvency protection organization. The Property and Casualty…

The post How competition may affect commercial liability appeared first on Canadian Underwriter.

Brokers are the front-line defenders for insurers covering commercial trucking. Especially since some fleet owners may attempt to insure only the trucks in use, while not reporting those sitting on lots and not being driven. “Some guys will say, ‘No,…

The post Why brokers must ensure accurate commercial truck fleet reporting appeared first on Canadian Underwriter.

Everyone wants to be at the top of the leaderboard — Olympians, gamers and insurance brokers.  That’s why gamifying the sales process could help incentivize brokerages and develop salespeople who are driven by numbers.  Such an outcome is being seen…

The post How to develop data-forward brokers appeared first on Canadian Underwriter.

On August 21st, 2024, the Ottawa Valley Adjusters Association (OVAA) and Women In Insurance Cancer Crusade (WICC) Ottawa chapter will unite to host their highly anticipated inaugural golf tournament at the prestigious Meadows Golf & Country Club. This event promises a day of networking,…

The post WICC & The Ottawa Valley Adjusters Association Inaugural Golf Tournament – Register Now! appeared first on Canadian Underwriter.

OTTAWA – The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate…

The post Bank of Canada cuts key interest rate by quarter percentage point to 4.5% appeared first on Canadian Underwriter.

OTTAWA, ON, JULY 24, 2024/insPRESS/ – On August 21st, 2024, the Ottawa Valley Adjusters Association (OVAA) and Women In Insurance Cancer Crusade (WICC) Ottawa chapter will unite to host their highly anticipated inaugural golf tournament at the prestigious Meadows Golf…

The post WICC & The Ottawa Valley Adjusters Association Inaugural Golf Tournament – Register Now! appeared first on Canadian Underwriter.

CALGARY, AB, JULY 24, 2024/insPRESS/ – Amplify Broker TechFest 2024 is set to be the premier event of the year for insurance professionals, featuring a stellar lineup of speakers, innovative vendors, and the groundbreaking first-ever Broker Stackathon. Scheduled for Setpember…

The post Amplify Broker TechFest: Canada’s Largest Insurtech Conference! appeared first on Canadian Underwriter.

Voir français ci-dessous RICHMOND, VIRGINIA, JULY 24, 2024/insPRESS/ – Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that Jennifer Devereaux has been named Executive Underwriting Officer, Casualty effective September 3. In this role, she will provide…

The post Markel names Jennifer Devereaux Executive Underwriting Officer, Casualty appeared first on Canadian Underwriter.

TORONTO, ON, JULY 24, 2024/insPRESS/ – Accident Support Services International Ltd. (ASSI) is pleased to announce the opening of Prince Edward Island’s first Collision Reporting Centre (CRC), in partnership with Charlottetown Police Services. Located at 10 Kirkwood Drive, Charlottetown, the…

The post Prince Edward Island’s first collision reporting centre now open! appeared first on Canadian Underwriter.

TORONTO, ON, JULY 24, 2024/insPRESS/ – BrokerTeam Group (BTG) announces the early retirement of current CEO Royle Leung at the end of 2024, after over 30 years in the insurance industry. Jessica Man officially takes on the role of CEO…

The post Royle Leung of BrokerTeam Group to Retire End of 2024; Jessica Man Appointed as Incoming CEO appeared first on Canadian Underwriter.

Zac Sutherland transformed his fifth-generation brokerage’s sales outputs and strengthened his insurer partner relationships using one tool — data.  Sutherland, who’s president at Sutherland Insurance, found that pulling production reports from his BMS often didn’t provide the data on the…

The post How one brokerage is overcoming data delays appeared first on Canadian Underwriter.

TORONTO, ON, JULY 23, 2024/insPRESS/ – CSIO is pleased to announce that the CL Working Group is driving CL Data Standards forward by publishing business requirements to quote and bind four more industry segments: Wholesale, Manufacturing/Processing, Education and Member Organization…

The post CSIO’s Commercial Lines (CL) Working Group Publishes Quote and Bind Requirements for Four New Segments appeared first on Canadian Underwriter.

There’s clear reason to be concerned about the stability of the auto insurance line in Canada, given first quarter results of 2024, the Property and Casualty Insurance Compensation Corporation (PACICC) says in a recent report.  PACICC looked at the new…

The post Why Canada’s auto line isn’t stable — or profitable  appeared first on Canadian Underwriter.

In this webinar, our content specialists will discuss the role of experts in evaluating claims where the contents or inventory may seem inflated or misleading. We will explore common pitfalls and strategies to avoid litigation. To be eligible for Continuing…

The post Insurance Institute of Ontario- Contents & Inventory Claims appeared first on Canadian Underwriter.

EDMONTON – Multiple wildfires in Jasper National Park flared up with a vengeance late Monday night, forcing all park visitors along with the 4,700 residents of the Jasper townsite to flee west with little notice over mountain roads through darkness,…

The post Wildfire near Jasper National Park prompts evacuation order and highway closures appeared first on Canadian Underwriter.

TORONTO, ON, JULY 23, 2024/insPRESS/ – Vacant properties often face heightened risks due to their lack of supervision, making them prime targets for criminal activities and accidents. Recognizing this critical vulnerability, CHES Special Risk provides comprehensive Fire Damage Coverage for…

The post CHES Special Risk Launches Specialized Insurance Solution for Vacant Property Fire Protection appeared first on Canadian Underwriter.

Editor’s Note: This article has been corrected to note Ai Insurance Organization’s London, Ont., office still exists and was not included as part of Hub’s acquisition, as an initial version of this article stated. Also, to clarify, Royston Fernandes is…

The post How Hub expanded its Ontario commercial team appeared first on Canadian Underwriter.

MONTREAL – Quebec provincial police have announced the seizure of more than 28 vehicles and thousands of dollars in the Montreal area this week as part of their fight against organized vehicle theft in the province. Police spokesperson Nicolas Scholtus…

The post Police seize stolen vehicles, thousands of dollars in Montreal area appeared first on Canadian Underwriter.

Canada’s insurance market ranks eighth in the world by total premium volume, according to a new study from the Swiss Re Institute.  Total premium volumes for Canada were US$171 billion, up 2.8% from US$166 billion in 2022. Canada’s global market…

The post Where Canada ranks globally for insurance market premiums appeared first on Canadian Underwriter.

Even with increased take-up rates for flood insurance coverage, insured damages from last week’s flash flood in Toronto remain entirely manageable for the insurance industry, Morningstar DBRS said in a new commentary.  Still, for a single weather event, the insured…

The post Will insurers be able to manage Toronto flood claims? appeared first on Canadian Underwriter.