Industry

How high cat losses could go this year

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come as Catastrophe Indices and Quantification Inc. (CatIQ) updated its numbers from the spring flood in […]

By Adam Malik | August 4, 2020

4 min read

Pandemic Prognosis

Canadian Underwriter caught up with Stephen Stewart, president and CEO of Stewart Specialty Risk Underwriting Ltd., who shared his thoughts on the impact of the pandemic on MGAs

August 4, 2020

6 min read

What the P&C industry must do to fight auto insurance fraud

Collaboration within the Canadian P&C insurance industry is key to fighting fraud, but this is tricky because of data sharing and privacy concerns. Fraud concerns have become more pronounced during the novel coronavirus pandemic. P&C industry experts have warned that Canadians short on cash because of the current economic recession — which itself arose from […]

By Adam Malik | July 31, 2020

3 min read

How much Intact could lose from customers who can’t pay their bills

Intact Financial Corp. took a $34-million charge in bad debt during the three months ending June 30. This does not mean the insurer will be unable to collect that entire amount. The expectation is that this is the amount it could have to write off as a result of the economic disruption from the ongoing […]

By Greg Meckbach | July 30, 2020

2 min read