Claims

Has Canada’s P&C hard market finally stabilized?

Canada’s P&C insurance market remains vibrant but unpredictable, although there are signs of stabilization, a Gallagher executive said during an industry webinar Monday. A variety of push-and-pull factors related to underwriting profits, reinsurance rates, interest rates and claims inflation, labour challenges, and catastrophes continue to create unpredictability in the market, said Gallagher’s president of western […]

By Jason Contant | November 14, 2022

3 min read

Delays for new hybrid, electric cars reach years – not months – amid supply crunch

When Jesse Chiasson called a car dealership last month to buy a new vehicle, he ended up paying $1,000 to be put on a waitlist instead. “The salesman was pretty vague but hinted it could be 2024 by the time we get the car,” Chiasson said in an interview from Bathurst, N.B. “Worst-case scenario, we […]

By Jason Contant | November 14, 2022

5 min read

Why Intact Financial’s CEO says insurance market cycles aren’t ‘dead’

Property and casualty insurance market cycles are by no means ‘dead’ — not because of insurers’ competitive behaviour, but because claims cost shocks often trigger the need to shore up pricing, according to Intact Financial Corporation CEO Charles Brindamour. Brindamour was responding to a question in a fireside chat last week with Doug Young, a […]

By David Gambrill | November 11, 2022

3 min read

New claims-management service launches certificate program for insurers

A new claims management program, which enables insurance companies to divert waste from landfills by recycling flooring and drywall during the claims and restoration process, has officially launched its certification program.   The EcoClaim certificate program will enable insurers to guide and implement a sustainability standard that provides insurers, adjusters and restoration contractors with claims-management […]

By Alyssa DiSabatino | November 11, 2022

3 min read