Claims

Where auto insurers are seeing the biggest profitability improvements

Canadian auto insurers saw both an increase in auto premiums and an improvement in their loss ratios in 2020, according to research from A.M. Best Company Inc. “Less miles driven translates into less frequency in auto losses,” A.M. Best director Raymond Thomson said Thursday during his firm’s Canada Insurance Market Briefing. During a panel discussion, […]

By Greg Meckbach | September 17, 2021

2 min read

Business interruption class action against Aviva Canada now fully certified in Ontario

An Ontario manufacturer shuts down its factory for several weeks in the early stages of the COVID-19 pandemic. Factory managers re-configure the facility to allow workers to socially distance. Can that manufacturer get business insurance coverage if its policy wording covers loss of income ‘by order of civil authority resulting from’ a disease outbreak? This […]

By Greg Meckbach | September 17, 2021

3 min read

Why Intact CEO predicts more rate increases for homeowners

Despite a significant industry-wide drop, over three years, in home insurance loss ratios, the CEO of Canada’s biggest carrier is predicting rate increases. “In home insurance, our perspective is that we will see a mid- to upper-single-digit rate increase environment,” said Charles Brindamour, CEO of Intact Financial Corp. During an online conference, Scotia Capital equity […]

By Greg Meckbach | September 16, 2021

3 min read

Contrary to popular belief, Eastern Canada is more at risk of earthquakes than perceived

By Jeremy Rimando, Postdoctoral Research Fellow, Structural Geology and Tectonics, McMaster University and Alexander Lewis Peace, Assistant Professor (Structural Geology), McMaster University – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site.   […]

By Jason Contant | September 16, 2021

5 min read