Claims
Across all markets, including Canada, pricing levels are generally at historic lows, which in many cases are well below technical pricing recommendations.
By David Gambrill | December 29, 2017
2 min read
Capital remains at the forefront in Canada in 2018. An active hurricane season in the U.S. will cause insurers to review their own exposures here in Canada.
Distracted driving is getting worse, Canadians say, even as the laws are tightening and public education campaigns are in full gear.
3 min read
An adjudicator with Ontario’s licence appeal tribunal placed little weight on eight days’ worth of an insurer’s video surveillance because the demands of the job a claimant had abandoned due to injury were not the same as the demands of the job where the surveillance took place. Based on this finding, the adjudicator ruled that […]
By Canadian Underwriter | December 22, 2017
In the spirit of the holiday season, insurance companies around the world are sharing their most—and least—common Christmas claims, in the hopes that people keep safe during the festive period. An obvious Yuletide tip would be to keep your lit candles on flat surfaces, and not on the tree. Sarina Insurance Brokers reminds us that […]
Complacency about real risks, such as an earthquake affecting Eastern Canada, present a “huge opportunity” for insurance providers to educate consumers, a former Economical Insurance CEO said Monday. “Human beings really don’t like thinking about the bad things that could possibly happen,” Karen Gavan, a member of Swiss Re America Holding Corporation’s board of directors, […]
By Jason Contant | December 21, 2017
HALIFAX – Environment Canada has issued a special weather statement for Nova Scotia warning of black ice forming on roads around the province. The weather service said rain that fell on highways and roads across the province overnight had been hardening into sheets of ice in some areas. Police reported several fatal accidents on Tuesday […]
By The Canadian Press | December 21, 2017
1 min read
Auditing firm Deloitte must pay $40 million in damages to a Canadian broadway musical company whose founders perpetrated a fraud that the auditor failed to detect, the Supreme Court of Canada ruled in a divided decision released Wednesday. Canada’s highest court allowed – in part – Deloitte’s appeal of a Ontario Appeal Court decision. That […]
By Canadian Underwriter | December 21, 2017
Disputes among Ontario auto insurers, arising from collisions involving vehicles used for multiple ridesharing providers, will likely be handled in the same way insurers handle priority disputes in accident benefits claims, Ontario’s insurance regulator told Canadian Underwriter Wednesday. Aviva Canada raised the issue of how the Canadian property and casualty insurance industry will handle disputed […]
Insured losses from natural catastrophes in 2017, at more than US$130 billion, were more than double the average of the previous 10 years, and more than US$90 billion in losses is probably from three hurricanes alone, Swiss Re said Wednesday. Swiss Re said its preliminary data showed global insured losses from both natural and man-made […]
By Canadian Underwriter | December 20, 2017
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