Claims

Exiting the commercial hard market may be prolonged: Insurers

Canada’s P&C insurers are exposed to historically-high inflation rates, which may prolong the hard market in commercial lines, Canada’s association of home, auto and business warns. “On the commercial side, I think this inflation is either going to prolong the hard market that we’re currently in, or it’s going to make the exit from the […]

By David Gambrill | April 5, 2022

3 min read

Post-pandemic trends in auto insurance

While it may be too early to tell how the end of provincial COVID-19 restrictions are influencing auto insurance claims, industry experts are bracing for higher claims severity, a return to pre-pandemic levels of traffic, higher auto rates due to inflation, and more granular pricing models. During the height of the pandemic in 2020, AM […]

By Alyssa DiSabatino | April 4, 2022

3 min read

Insurers winning court battles to enforce pandemic BI arbitration

Quebec insurers with arbitration clauses written into their business interruption policies are winning battles to have pandemic BI class action suits go through arbitration rather than through the courts. Both of law firm Clyde & Co.’s Top 2 cases of 2021 dealt with resolving pandemic business interruption cases through arbitration instead of the courts. Parties […]

By David Gambrill | April 4, 2022

3 min read

Why auto insurance premiums may be on the rise

Inflation hit a multi-decade high of 5.7% this February. Industry observers warn this could go even higher before it goes lower, and the auto insurance industry is not immune to it.   How long will it be before drivers feel the effects on their policy premiums?   Consumers won’t see their rates change until their auto […]

By Alyssa DiSabatino | April 1, 2022

2 min read