iStock_000074181939_Full

Welcome to Ottawa, McLarens Canada and Ryan Petrie!

TORONTO, ON, JANUARY 15, 2025/insPRESS/ – As McLarens Canada continues to expand, we are excited to announce the opening of our Ottawa office, with the addition to the team of Ryan Petrie, CIP – General Adjuster. Ryan has been serving

The post Welcome to Ottawa, McLarens Canada and Ryan Petrie! appeared first on Canadian Underwriter.

Stumbling blocks for brokers selling cyber insurance

Brokers’ and clients’ understanding of the value of cyber insurance is one of the main challenges in selling the product, one industry expert says. Clients need to intrinsically understand they need cyber insurance before brokers talk to them about wording

The post Stumbling blocks for brokers selling cyber insurance appeared first on Canadian Underwriter.

Broker disciplined over a buy-and-cancel policy scheme

B.C.’s broker regulator has suspended a broker for a year and ordered him fined $10,000 for his “lackadaisical” handling of an auto insurance policy cancellation scheme related to the export of cars from B.C. Former Level 3 broker Wayne Lin

The post Broker disciplined over a buy-and-cancel policy scheme appeared first on Canadian Underwriter.

Top 2025 risk for Canadian businesses

Business interruption (BI), including supply chain disruption, is this year’s Number 1 risk for Canadian companies, says Allianz’s 2025 Risk Barometer. And Canada’s not alone. Globally, the insurer notes BI is also the top risk in the Asia Pacific region

The post Top 2025 risk for Canadian businesses appeared first on Canadian Underwriter.

B.C. farmers hit by 2024 deep freeze wary of 2025 season

OKANAGAN, B.C. – Peter Simonsen says buds on the peach trees at his farm in Naramata, B.C., are already starting to swell early. But that makes him nervous. “They seem healthy and good, but I’m a little worried, because it’s

The post B.C. farmers hit by 2024 deep freeze wary of 2025 season appeared first on Canadian Underwriter.

IIO Hamilton/Niagara Chapter- Fraud and Scam Awareness Live Seminar

In celebration of National Education Month the local Hamilton/Niagara Chapter of the Canadian Institute of Management has invited our Insurance Institute Chapter members to join them for a live Fraud and Scams Seminar with Hamilton/Wentworth Police Services. Join Ryan Clarke,

The post IIO Hamilton/Niagara Chapter- Fraud and Scam Awareness Live Seminar appeared first on Canadian Underwriter.

DKI Canada Expands with new Franchise in Kingston, Ontario

KINGSTON, ON, JANUARY 15, 2025/insPRESS/ – DKI Canada is proud to announce the addition of DKI – Kingston to its growing family of franchisees. This expansion reinforces DKI’s commitment to serving communities across Canada with unparalleled expertise and care. “I am

The post DKI Canada Expands with new Franchise in Kingston, Ontario appeared first on Canadian Underwriter.

CRU GROUP Promotes Tim Lalaian and Brad Smith to Senior Vice President Roles in U.S. and Canada

DALLAS, TEXAS, JANUARY 15, 2025/insPRESS/ – David Repinski, CEO of CRU GROUP, today announced the promotion of Tim Lalaian and Brad Smith to the roles of Senior Vice President of Business Development for the U.S. and Canada respectively. These promotions

The post CRU GROUP Promotes Tim Lalaian and Brad Smith to Senior Vice President Roles in U.S. and Canada appeared first on Canadian Underwriter.

Insurers face a tech readiness paradox, report shows

Insurers globally are experiencing what one IT service provider calls a “tech readiness paradox.” Although 94% of insurance leaders globally are confident their IT infrastructure is industry-leading, only 39% of those leaders say their IT infrastructure is ready to weather

The post Insurers face a tech readiness paradox, report shows appeared first on Canadian Underwriter.

Why client claim doesn’t clear minimum injury hurdles

An applicant claiming she sustained a functional impairment from auto accident injuries did not provide sufficient evidence for removal from the $3,500 minor injury guideline (MIG), Ontario License Appeal Tribunal determined in a Jan. 9 decision. In Bernard v. Economical

The post Why client claim doesn’t clear minimum injury hurdles appeared first on Canadian Underwriter.

Electric vehicle rebates paused as federal program runs out of money

OTTAWA – The federal government has paused an incentive program that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles. In an update on its website, Transport Canada says the Incentives for Zero-Emission Vehicles (iZEV) Program

The post Electric vehicle rebates paused as federal program runs out of money appeared first on Canadian Underwriter.

One insurance coverage that’s expected to be hotly litigated in 2025

Trade secrets are expected to be one of the most hotly litigated areas in 2025, an intellectual property (IP) expert tells Canadian Underwriter. “One of the reasons is…because trade secrets by their very nature are not a registerable right —

The post One insurance coverage that’s expected to be hotly litigated in 2025 appeared first on Canadian Underwriter.

27th Annual WICC Ontario Gala – “Shaken Not Stirred”

TORONTO, ON, JANUARY 14, 2025/insPRESS/ – The Women in Insurance Cancer Crusade (WICC) is excited to host its 27th Annual Gala event at the Royal York Hotel in Toronto on April 16th, 2025. Join us for a glamorous 007 black-tie

The post 27th Annual WICC Ontario Gala – “Shaken Not Stirred” appeared first on Canadian Underwriter.

CBN Announces the Addition of Sutherland Insurance as Latest Member!

TORONTO, ON, JANUARY 14, 2025/insPRESS/ – Canadian Broker Network (CBN), Canada’s leading network of independent insurance brokers welcomes Sutherland Insurance from Guelph, Ontario. “Joining CBN will provide improved carrier relationships, and industry-leading best practices, enabling us to better serve our

The post CBN Announces the Addition of Sutherland Insurance as Latest Member! appeared first on Canadian Underwriter.

Cybersecurity breach of Nova Scotia school system could have financial impact

HALIFAX – Nova Scotia’s Education Department has asked for help from IBM as it investigates a cybersecurity breach involving a student information system used across North America, saying the breach could have a financial impact on some former and current

The post Cybersecurity breach of Nova Scotia school system could have financial impact appeared first on Canadian Underwriter.

2024 catastrophic insured losses smash records

Insured losses from severe weather events across Canada in 2024 totalled $8.5 billion, Catastrophe Indices and Quantification Inc. (CatIQ) reported Monday. “The insured loss figure of $8.5 billion makes 2024 the largest loss year for the country on record, far

The post 2024 catastrophic insured losses smash records appeared first on Canadian Underwriter.

California wildfires: Highlighting the need for public backstops

Wildfires in California may cause more than double the insured losses of Canada’s worst catastrophe year ever in 2024, credit ratings agency Moody’s reports today. They also highlight ongoing insurance affordability and accessibility issues in California. The impact of the

The post California wildfires: Highlighting the need for public backstops appeared first on Canadian Underwriter.

Canadian Insured Losses from Catastrophic Events Total CAN $8.5 Billion in 2024

TORONTO, ON, JANUARY 13, 2025/insPRESS/ – The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to CAN $8.5 billion, according to CatIQ, Canada’s insured loss and exposure indices provider. In addition

The post Canadian Insured Losses from Catastrophic Events Total CAN $8.5 Billion in 2024 appeared first on Canadian Underwriter.

No, Canada’s P&C workforce won’t talk about mental health

Not only are P&C professionals declining to take time off for themselves or others, they also don’t want to share their mental health concerns with their leaders, or even their peers. “My health is none of my colleague’s business,” one

The post No, Canada’s P&C workforce won’t talk about mental health appeared first on Canadian Underwriter.

CSIO Applauds Wawanesa Insurance on Achieving CSIO’s eDocs Certification

TORONTO, ON, JANUARY 13, 2025/insPRESS/ – CSIO is pleased to announce that Wawanesa Insurance has achieved CSIO’s eDocs Certification by successfully programming the updated eDocs Standards. This ensures that all of Wawanesa’s eDocs reflect the updated codes and descriptions. Wawanesa’s

The post CSIO Applauds Wawanesa Insurance on Achieving CSIO’s eDocs Certification appeared first on Canadian Underwriter.

How can expert fleet risk analysis help reduce complex exposures for my construction clients?

Fleet operations in the construction industry face mounting challenges — from driver shortages and seasonal employment, to the increasing complexity of fleet safety. These dynamics pose significant exposures if they’re not proactively managed, says Jason Ostapeic, Unica Insurance’s Senior Commercial

The post <span id="paidTag" class="btn btn-info btn-xs tag-label">Paid</span> How can expert fleet risk analysis help reduce complex exposures for my construction clients? appeared first on Canadian Underwriter.

Good for the Soul – February Fair! Come Shake The Winter Blues while Supporting Mental Health with your Friends at FIHT

Join your Friends at FIHT for our 2nd annual Good for the Soul Event!  This year’s theme –February Fair …. Nothing like a good old fair to shake those winter blues! This will be a fun-filled evening with good vibes,

The post Good for the Soul – February Fair! Come Shake The Winter Blues while Supporting Mental Health with your Friends at FIHT appeared first on Canadian Underwriter.

IIBC – Steering Through Risk: Essential Auto Liability Insights for Canadian Non-Profits Webinar

Webinar Date & Time: Thursday, March 6, 2025 at 9:00 – 10:15 am PST Non-owned auto liability ranks among the top risks for many non-profit organizations. Most non-profits rely on volunteer and staff drivers to fulfill their programing needs. So

The post IIBC – Steering Through Risk: Essential Auto Liability Insights for Canadian Non-Profits Webinar appeared first on Canadian Underwriter.

IIBC – Industry Trends & Predictions: 2025 Webinar

Webinar Date & Time: Thursday, February 13, 2025 at 10:00 – 11:00 am PDT Join us for our highly anticipated Industry Trends & Predictions: 2025 session.  In this session, Nevina will take a look back at significant events that have

The post IIBC – Industry Trends & Predictions: 2025 Webinar appeared first on Canadian Underwriter.

IIBC – Dig Deep into Course of Construction and Wrap-Up Policies Webinar

Webinar Date & Time: Wednesday, February 26, 2025 10:00 – 12:15 pm PST This session builds on the fundamentals of COC and Wrap-Up Policies. Through discussions of relevant case studies, gain an in-depth analysis of key decisions, terms and issues

The post IIBC – Dig Deep into Course of Construction and Wrap-Up Policies Webinar appeared first on Canadian Underwriter.

IIBC – Set-up and Foundations of Strata Corporations Webinar

Webinar Date & Time: Tuesday, February 11, 2025 at 12:00 – 1:15 pm PDT Strata Corporations are a growing form of home ownership and operate like a community-owned business, with fundamental obligations, risks and liabilities. This session is ideal for

The post IIBC – Set-up and Foundations of Strata Corporations Webinar appeared first on Canadian Underwriter.

IIBC – Foundations of Course of Construction and Wrap-Up Policies Webinar

Webinar Date & Time: Wednesday, February 5, 2025 10:00 – 11:45 am PST Course of Construction and Wrap-Up Policies have distinct and important roles in a construction project. Gain a broad overview of the key policy terms of COC and

The post IIBC – Foundations of Course of Construction and Wrap-Up Policies Webinar appeared first on Canadian Underwriter.

TruStar fallout: what’s the state of MGA regulation?

Recent news about managing general agent (MGA) TruStar Underwriting’s legal action against its former CEO and other defendants has sparked discussion among the insurance community about MGA regulation.  As previously reported in Canadian Underwriter, TruStar has filed a statement of

The post TruStar fallout: what’s the state of MGA regulation? appeared first on Canadian Underwriter.

Political uncertainty could derail major carbon capture project: experts

CALGARY – The fate of Canada’s largest proposed carbon capture and storage project is even more uncertain after Prime Minister Justin Trudeau’s resignation announcement this week amplified existing unknowns around the future of energy and climate policy in Canada, experts

The post Political uncertainty could derail major carbon capture project: experts appeared first on Canadian Underwriter.

Public auto insurer ordered to increase rates

Manitoba’s Public Utilities Board (PUB) has ordered the province’s public auto insurer to increase basic auto insurance rates 5.7% for the 2025/26 insurance year. The order applies to Manitoba Public Insurance’s (MPI) compulsory, basic line of business that is mandatory

The post Public auto insurer ordered to increase rates appeared first on Canadian Underwriter.