Industry
ST. JOHN’S, N.L. – St. John’s is making changes to city infrastructure as it prepares for a wetter, warmer future with more intense storms. A report on climate models for the coastal Newfoundland and Labrador capital was presented at city hall earlier this month, predicting rainier winters, warmer summers and more frequent storms leading up […]
By The Canadian Press | August 26, 2020
1 min read
Allianz Global Corporate & Specialty (AGCS) announced Tuesday it has appointed Bernard McNulty as chief agent for Canada, effective immediately. In addition to taking on the chief agent role, McNulty will remain in his current position as head of claims for Canada. Based in Toronto, he will continue to report to Frank Sapio, regional head […]
By Jason Contant | August 25, 2020
2 min read
In an era when $1-billion claims events have become commonplace, Canadian claims executives are turning their minds to how to adjust natural disasters that follow closely upon the heels of one another. Canadian Underwriter will be bringing the discussion to light this Thursday, Aug. 27, at 3 p.m. ET, in its webinar, Standing on Guard […]
By David Gambrill | August 25, 2020
CALGARY – A class-action lawsuit alleging the defendants acted recklessly and unreasonably has been filed against the operators of a tour bus involved in a fatal rollover at Jasper National Park’s Columbia Icefield. Three people were killed and 14 others suffered life-threatening injuries on July 18 when the red-and-white, all-terrain Ice Explorer lost control while […]
4 min read
Being able to distinguish between personal and commercial usage is one of the biggest unique differences with underwriting for the sharing economy, but the abundance of data available makes a hybrid insurance model possible, Economical Insurance said recently. “You can use that data to easily de-mark what is commercial and what is personal, but that […]
By Jason Contant | August 24, 2020
3 min read
After a sharp drop, people are starting to feel a bit more positive towards the insurance industry. As the COVID-19 pandemic grew, the insurance industry’s image as a whole suffered. But, says a recent report, things are trending upwards once again, albeit slightly. “Extremely negative” news coverage around the insurance industry — from travel insurance […]
By Adam Malik | August 24, 2020
When renewing a client’s policy, personal lines brokers rated themselves as more successful in finding the right coverage for the right price than did commercial lines brokers, according to Canadian Underwriter’s latest Trusted Advisor Survey. In Part 2 of our Trusted Advisor series, we asked Canadian P&C insurance brokers to rate themselves on dimensions related […]
Brokers admit they could do better when it comes to comparing options for their clients, according to the Trusted Advisor Survey. In Part 2 of the Canadian Underwriter Trusted Advisor series, we asked Canadian P&C insurance brokers to rate themselves on dimensions related to advice, choice and advocacy. Generally speaking, commercial and personal lines brokers […]
VIRDEN, Man. – James Blacksmith closes his eyes and goes back to the moment he saw a pine tree viciously uprooted from the earth and topple onto his Jeep’s roof. Within seconds, the windows burst from the force of a deadly tornado and the Manitoba man struggled against wind and spiralling glass to hold his […]
By The Canadian Press | August 24, 2020
There is no shortage of pride when it comes to brokers reflecting on the work they do for their clients, especially given the workload they recently endured. After Canadians were side-swiped by an economic recession following the novel coronavirus pandemic, brokers plenty of calls from clients requesting premium relief. One broker told Canadian Underwriter that […]
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