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Meteorologist explains why future NatCat claims won’t get any better

As the climate warms, even predictable weather patterns — like El Niño and La Niña, which are affected by rising sea temperatures — are changing alongside the climate, a weather expert warns.  And that could mean more frequent and severe

The post Meteorologist explains why future NatCat claims won’t get any better appeared first on Canadian Underwriter.

Borrowing cars and implied consent: When ‘No’ doesn’t mean ‘No.’

If a friend asks you to borrow your rental car, sometimes saying ‘No’ doesn’t actually mean ‘No.’ An auto repair shop owner in Ontario was held vicariously liable last Wednesday for an auto accident injury caused after his friend, who

The post Borrowing cars and implied consent: When ‘No’ doesn’t mean ‘No.’ appeared first on Canadian Underwriter.

Why 2022 industry results could be one for the record books

Historically good underwriting combined with historically bad investment results have made the Canadian P&C industry’s 2022 Q3 financial results unique, per the latest quarterly report from the Property and Casualty Insurance Compensation Corporation (PACICC). The decline in investment returns is

The post Why 2022 industry results could be one for the record books appeared first on Canadian Underwriter.

B.C. to install earthquake warning sensors to give life-saving notice

VICTORIA – Up to 50 earthquake early warning sensors are being installed around British Columbia as part of a larger plan to protect people and infrastructure in a big quake. The sensors will be connected to the national Earthquake Early

The post B.C. to install earthquake warning sensors to give life-saving notice appeared first on Canadian Underwriter.

CRU GROUP Announces Expansion with New Saskatchewan Service Location

TORONTO, ON, JANUARY 27, 2023/insPRESS/ – David Repinski, CEO of CRU GROUP, today announced the opening of its newest western Canada location in Saskatchewan to continue the Company’s expansion across North America. CRU GROUP’s new Saskatchewan location reinforces the growth

The post CRU GROUP Announces Expansion with New Saskatchewan Service Location appeared first on Canadian Underwriter.

Jenny Pushie-Burgher joins EFI Global as environmental team lead in Atlantic Canada

HALIFAX, NS, JANUARY 27, 2023/insPRESS/ – EFI Global, a leading, full-service international consulting firm specializing in forensic engineering, environmental, fire investigation and specialty consulting services, today announced that Jenny Pushie-Burgher, B.Sc., has joined its team in Canada in the role

The post Jenny Pushie-Burgher joins EFI Global as environmental team lead in Atlantic Canada appeared first on Canadian Underwriter.

Alberta UCP announces auto rate freeze

Alberta’s United Conservative Party announced today an auto insurance rate freeze until the end of 2023, and insurer and broker associations alike are calling this decision “disappointing” and “not the best option” for consumers.  The government is also requiring insurance

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Does your client need D&O or an ancillary coverage?

While directors and officers (D&O) insurance is designed to cover individuals and corporate assets on the broadest threat level, certain exposures may require separate, dedicated policies focused on specific risks. When claim scenarios are investigated, it may become clear a

The post Does your client need D&O or an ancillary coverage? appeared first on Canadian Underwriter.

Wawanesa appoints two industry veterans to new leadership roles

Wawanesa Mutual Insurance Company has changed the leadership structure of its Canadian operations with the appointment of industry professionals Anna McCrindell and Graham Haigh to senior vice president and chief operating officer roles. As SVP & COO – East, McCrindell

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Southern Ontario digging out after winter storm, snow still falling in eastern parts

Much of southern Ontario is cleaning up from a major winter storm, while snow remains in the forecast for parts of eastern Ontario. Ottawa and much of eastern Ontario have been under snowfall warnings, though Environment Canada has now ended

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IISA – Managing Professional Conversations

As an Insurance Professional, communication is a significant part of the job. There are many meetings, phone calls, and conversations. In this session we look at the basics of effective communications. We learn how to plan for important professional conversations

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IISA – Time Management for the Insurance Professional

It’s now a cliché to talk about how busy we are. Many people feel overwhelmed by the amount of work coupled with the endless barrage of emails. We have to deal with more interruptions and distractions than ever before. Time

The post IISA – Time Management for the Insurance Professional appeared first on Canadian Underwriter.

IISA – Farm 301 – Business Interruption and Equipment Breakdown for Farms

Distinctive products have been developed to provide the specialized coverages required for these exceptional enterprises. Where Farm 201 – Complex and Specialized Farms April 13, 2023 ends this session begins. You will be introduced to Equipment Breakdown exposures in intensive

The post IISA – Farm 301 – Business Interruption and Equipment Breakdown for Farms appeared first on Canadian Underwriter.

How Canada’s insured cat losses stack up globally

Severe weather made 2022 the third costliest year on record for Canadian insurers, and the fifth costliest year globally, said a report this week from Aon.  These events point to a severe gap in insurance protection in some parts of

The post How Canada’s insured cat losses stack up globally appeared first on Canadian Underwriter.

IISA – Farm 201 – Complex and Specialized Farms

Did you know that the farming industry in Alberta is the second largest industry, second only to the oil industry? Many farm policies are undervalued and don’t have adequate coverages. Protect yourself and your clients from unexpected and underinsured losses.

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IISA – Farm 101 – Introduction to Farm Insurance

Did you know that the farming industry in Alberta is the second largest industry, second only to the oil industry? Many farm policies are undervalued and don’t have adequate coverages. Protect yourself and your clients from unexpected and underinsured losses.

The post IISA – Farm 101 – Introduction to Farm Insurance appeared first on Canadian Underwriter.

IISA – Jump Start 4 day Bundle Program

Jump Start program is a popular, multi-day program designed to launch the careers of newly licensed agent/brokers and new underwriters with the technical knowledge and professional hands-on skills required for them to be successful in their new roles. Who the

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Will IFRS 17 make insurers’ results harder to compare?

At best, it will be difficult to make initial comparisons to insurers’ IFRS 17 results, due to differences between companies’ approaches under the new accounting standard, said a report this week from Fitch Ratings. A stated objective of the insurance

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Bank of Canada hikes key interest rate by quarter point, says it plans to hold

OTTAWA – The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the cycle. The rate increase marks the eighth consecutive

The post Bank of Canada hikes key interest rate by quarter point, says it plans to hold appeared first on Canadian Underwriter.

Metaverse risks: 4 areas for commercial clients to explore

Privacy is one of the four major risks associated with the metaverse — the expanding virtual universe of network connections — an industry expert told Canadian Underwriter recently. When developing a metaverse strategy, your commercial clients should look at operational,

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IISA – Condominium Insurance Claims

This Webinar is designed for all insurance professionals whether they are underwriters, claims adjusters, brokers, property managers or board members. Both personal and commercial lines will be covered.

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IISA – Introduction to Condominium Insurance

Understand condominium insurance so you can advise Unit Owners and Boards about the unique aspects of insurance related to their needs within The Condominium Act (2014) and Regulations (2020) of Alberta. Objectives: Learn the basics of condominium insurance Complete review

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Ecclesiastical Insurance – helping to save a heritage property in Canada

TORONTO, ON, JANUARY 25, 2023/insPRESS/ – National Trust for Canada’s Next Great Save competition, helping a community to save a heritage property, is now at the public voting stage, and we encourage you to vote! The Next Great Save is

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On Side Restoration is coming to Moncton

Voir français ci-dessous TORONTO, ON, JANUARY 25, 2023/insPRESS/ – On Side Restoration Ltd. (“On Side Restoration”, “On Side” or the “Company”), is expanding in Eastern Canada with the opening of a new branch in Moncton, New Brunswick. This will be

The post On Side Restoration is coming to Moncton appeared first on Canadian Underwriter.

February Broker Bash – GTA

February Broker Bash Join FIRST Canada on Thursday, February 23 to celebrate Broker Bash, the networking event for the insurance industry, at The Fifth Social Club. All industry professionals are welcome. WHEN Thursday, February 23, 5:00 PM WHERE The Fifth

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February Broker Bash – Vancouver

February Broker Bash Join FIRST Canada on Thursday, February 16 to celebrate Broker Bash, the networking event for the insurance industry, at Mooses Down Under. All industry professionals are welcome. WHEN Thursday, February 16, 4:30 PM WHERE Moose’s Down Under

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Regulator looking into the ‘black box’ of auto rating models

Auto insurance rating models are becoming so complex that Ontario’s regulator is looking not only at the inputs of these models, but now the outputs as well, attendees heard at an industry event last week. “There are concerns that these

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Automotive products manufacturer hit by cybersecurity incident at three factories

TORONTO – Exco Technologies Ltd. says three of its factories have been hit by what it is calling a cybersecurity incident.   The company says it has taken steps to secure its systems and mitigate the impact to the company’s data

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Insurer wins third-party liability claim against road-rager

An insurer successfully brought a third-party liability claim against a road-rager who was found to be 50% responsible for an accident between two other vehicles as a result of his threatening actions. The insurers were not named in the Court

The post Insurer wins third-party liability claim against road-rager appeared first on Canadian Underwriter.

How the recession will affect personal lines

An impending recession could mean unaffordability for personal lines policyholders who make up almost half (49%) of the industry’s direct property premiums, an expert at the Insurance Institute of Canada’s Industry Trends & Predictions: 2023 webinar said. Insurers will need to

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