Aspiring brokerage owners share the biggest obstacles for ownership
What’s the biggest barrier to brokerage ownership for the 30% of brokers who aspire to one-day buy their own firm? Financing, according to results from a Canadian Underwriter online survey. Of the 30%...
View ArticleMethane emissions underestimated, a growing number of reports suggest
As the federal government moves to tighten regulations on methane emissions, new assessments suggest the amount of the potent greenhouse gas escaping into the atmosphere has been significantly...
View ArticleWill inflation stop Canadians from buying winter tires?
Even when faced with the rising cost of living, 82% of Canada’s motorists believe investing in winter tires is important, said a new survey by the Tire and Rubber Association of Canada (TRAC)....
View ArticleWhich insured perils are of most concern to your clients?
Winter storms and severe rain or flooding events top the list of insured perils concerning Canadians, according to a new Angus Reid poll commissioned by First Onsite Property Restoration. Nationally,...
View ArticleWhere 2022 tallies for insured damages in Canada
Severe weather events in 2022 gave Canada its third worst year for insured damage in the country’s history. Insured damage for severe weather events across Canada hit $3.1 billion last year, the...
View ArticleWawanesa 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...
View ArticleWhat’s next for Wawanesa after senior executive shuffle?
As Wawanesa Mutual Insurance Company changes its leadership structure with the appointment of three industry professionals to more senior leadership roles, industry veteran Carol Jardine — currently...
View ArticleHow telematics may help Alberta truckers’ rates
With an eye toward improving driving habits, Facility Association (FA) announced the launch of a telematics program for truck drivers in Alberta, effective May 1, 2023. It said the program’s objective...
View ArticleIs Canada seeing more tornadoes every year?
Canada saw 117 recorded tornadoes across the country during the 2022 season, tying 2021 for the highest-ever single season on record, according to the Northern Tornadoes Project (NTP). As with 2021, 29...
View ArticleWestland acquires brokerages in two provinces
Westland Insurance continues its expansion across Canada with acquisition of Quebec-based Niche Assurance Inc. and Saskatchewan-based Heritage Insurance, effective Feb. 1. The latest acquisitions come...
View ArticleAlberta, Saskatchewan methane emissions almost 4 times more than reported:...
New research using advanced technology suggests heavy oil facilities in Alberta and Saskatchewan are releasing almost four times the amount of a powerful greenhouse gas than they report to government....
View ArticleHub acquires two western Canadian hail insurance providers
Hub International Limited has acquired two western Canadian crop hail insurance companies within a two-week period. Hub announced on Mar. 4 it had acquired Leduc, Alta.-based AG Direct Hail Insurance...
View ArticleWant lower liability exposure for athletes? Don’t play sports in B.C.
A recent Supreme Court of British Columbia case points to the difference between the standard of care for sports negligence claims in B.C. compared to the rest of Canada. In Miller v. Cox, the court...
View ArticleInsurer reveals Top 5 auto fraud claims of 2022
Some claims show obvious elements of fraud but others go above and beyond. Such was the case with Saskatchewan Government Insurance’s (SGI) Top 5 “eyebrow-raising” attempted auto insurance frauds from...
View ArticleWhat claims may come from the Alberta wildfires
While it’s too early to estimate losses, Canada’s P&C industry is anticipating incoming property damage claims due to Alberta wildfires and insurers may have already begun to see claims from...
View ArticleSome residents return home two weeks after Alberta wildfire evacuation
The mayor of a west-central Alberta town said it was emotional to return home nearly two weeks after an out-of-control wildfire forced residents to flee, but thousands elsewhere remain on edge as...
View ArticleLosses adjusters don’t want to see from Alberta wildfires
With wildfires raging on across Alberta and the west, adjusters are hoping the fires stay remote and spare populous areas from catastrophic losses. “We are seeing some claims and anticipate seeing many...
View ArticleWhat’s changing the way commercial brokers view loss control?
It’s possible the pandemic, combined with the P&C industry’s ongoing hard market, may have permanently altered how insurers assess their risk appetites. And brokers wise to this shift have adjusted...
View ArticleBrokers, insurers differ on the value of numerous flood products for home owners
Canada’s property and casualty insurance brokers have long maintained the need for a unified flood map, but insurers want to compete on their proprietary flood maps, and the ongoing differences between...
View ArticleM&A frenzy continues with multiple deals announced
Correction: The article has been amended to show Andrew Agencies has 22 locations, not 200 as previously reported. Canadian Underwriter apologizes for the error. On the heels of separate deals that...
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