KABUL – Afghans mourned the loss of family members, friends and colleagues on Thursday, a day after a massive truck bomb exploded in the capital, leaving at least 90 people dead and more than 450 others wounded in one of the worst extremist attacks since the drawdown of foreign forces from Afghanistan in 2014. The […]
By Canadian Underwriter | June 1, 2017
3 min read
Burst water pipes are a frequent cause of large claims in Quebec, Allstate Insurance Company of Canada suggested Monday. In a press release, Allstate shared some findings from the Allstate Insurance Safe Homeowners Study. In the study of household incident claims data, “there have been notable increases in certain types of claims in Quebec homes […]
By Canadian Underwriter | May 29, 2017
2 min read
The majority of Quebecers who list their properties on Airbnb and other home rental websites are not registering with the province, just over a year since it implemented a law regulating them, new data suggests. The province’s Tourism Department says it issued 967 permits for rental hosts out of 2,244 applications in the year since […]
By Jason Contant | May 29, 2017
2 min read
The Insurance Bureau of Canada’s (IBC) board of directors is recommending that IBC’s members operating in Ontario and the Atlantic provinces voluntarily align their home insurance policies with other jurisdictions when it comes to protecting “innocent co-insureds.” Current legislation in British Columbia, Alberta, Saskatchewan, Manitoba and Quebec requires that the insurer pay for the losses […]
By Canadian Underwriter | May 16, 2017
2 min read
Toronto City Council voted Tuesday to authorize staff to enter into a three agreement with ClaimsPro LLP to provide adjusting services to the city. ClaimsPro, owned by SCM Insurance Services Inc., was one of four adjusting firms to respond in November to a request for proposals for adjusting services for public liability, automobile and property […]
By Canadian Underwriter | March 29, 2017
3 min read
Aviva plc announced a 0.8-point increase in its combined ratio in Canada while operating profit was up 16%. London-based Aviva released March 9 its preliminary results for 2016. General insurance net premiums written, worldwide, increased 15%, from £7.177 billion in 2015 to £8.211 billion last year. The pound closed Friday at $1.64. Aviva attributed the […]
By Canadian Underwriter | March 13, 2017
2 min read
Aviva Canada has announced that it is offering insurance coverage for homesharing across Canada, starting Feb. 1. Aviva Canada said in a statement on Wednesday that it is offering hosts two homeshare coverage options that can be tailored to meeting their rental needs: a simple add-on to an existing Aviva Canada homeowner policy, or standalone […]
By Canadian Underwriter | February 1, 2017
2 min read
Multiple forces are clearing the way for insurers around the world to make cretive use of loyalty marketing techniques like rewards programs that have historically been the domain of credit cards, travel, lodging and retail, suggests a new Aite Group impact note. “The insurance industry is increasingly leveraging loyalty marketing techniques, such as rewards programs, […]
By Canadian Underwriter | January 27, 2017
2 min read
Commercial auto prices were generally up year over year in the third quarter, but there were “modest” prices decreases in other lines including commercial property and surety bonds, Willis Towers Watson plc said in its most recent Commercial Lines Insurance Pricing (CLIPS) survey report, released Monday. In its quarterly CLIPS report, Willis Towers Watson compared […]
By Canadian Underwriter | December 12, 2016
2 min read
Chelsea Avondale has acquired MAX Canada Insurance Company, which will continue to serve faith-based and Anabaptist communities under its existing name. Closing Nov. 30, the purchase included the acquisition of all MAX Canada-related operations in Canada, including Mutual Aid Insurance Brokers Company, MAX North America announced in a statement Friday. Terms of the sale were […]
By Canadian Underwriter | December 5, 2016
2 min read