Two major rainstorms in just over a week put Toronto over the mark to see its wettest July on record, according to Environment and Climate Change Canada (ECCC). Since the start of July, the city’s seen 186 millimetres of rain,… The post Did Toronto dodge a bullet with second major rainstorm? appeared first on Canadian Underwriter ..read more

Home and auto rates remain on their upward trajectory, Applied’s Rating Index for Q2 2024 shows.   “Both personal property and personal auto are experiencing increases year-over-year and quarter-over-quarter, signifying continued hardening in the market,” Steve Whitelaw, senior vice president… The post Personal auto and home rates harden in recent quarter appeared first on Canadian Underwriter ..read more

Two well-known former P&C insurance industry execs, T. Neil Morrison and Carol Jardine, have joined Aviva Canada’s board as non-executive directors. Morrison has also been appointed chairman designate. He will take over from current board chairwoman Anne Marie O’Donovan next… The post 2 industry leaders named to Aviva Canada’s board appeared first on Canadian Underwriter ..read more

TORONTO, ON, JULY 26, 2024/insPRESS/ – Platform Insurance Management Inc. (“PLATFORM”), a leading P&C insurance brokerage with a vertical focus on Construction, Infrastructure and Development, is excited to announce the opening of a new office in Calgary, Alberta. This expansion… The post PLATFORM Expands Reach Across Alberta & Western Canada with New Calgary Office appeared first on Canadian Underwriter ..read more

The wildfire situation in the Slocan Valley has gone from bad to worse as a cold front moving through the region brought high winds, fanning the flames and causing significant wildfire growth, a Southeast Fire Centre official stated Thursday night.… The post Wildfire situation in Slocan Valley suffers setback as cold front chills fire crews’ efforts appeared first on Canadian Underwriter ..read more

MONTREAL – Environment Canada says at least one tornado is confirmed to have hit Quebec on Wednesday night and it appears two others also touched down on the province earlier in the day. A tornado formed on Montreal’s South Shore… The post Three tornadoes likely hit Quebec, uprooting trees and damaging infrastructure appeared first on Canadian Underwriter ..read more

A scarcity of skilled labour, shortage of building materials and lack of adjuster capacity were all significant hurdles in the claims process following consecutive wildfire and flooding catastrophes in Nova Scotia last year, Insurance Bureau of Canada (IBC) says in… The post Candid feedback on how consecutive Cats strained resources appeared first on Canadian Underwriter ..read more

The industry can expect “significant losses” after out-of-control wildfires reached the town of Jasper, Alberta last night.  Stoked by extreme heat and strong winds, the blazes encroached on the Alpine tourist town Wednesday night, after multiple fires started earlier in… The post Jasper wildfires: Industry braces for huge losses appeared first on Canadian Underwriter ..read more

A B.C. broker inexperienced in commercial lines received a reprimand from the province’s broker regulator last week for failing to provide information to a client about D&O coverage. Had the broker passed along information about a managing general agent (MGA)’s… The post Broker’s inexperience in commercial lines leads to reprimand appeared first on Canadian Underwriter ..read more

TORONTO, ON, JULY 25, 2024/insPRESS/ – CSIO congratulates Logiciels Deltek Inc. (Deltek) on being the first Broker Management System (BMS) vendor to earn CSIO’s eDocs Certification, confirming they have implemented all 40 updated eDocs codes and descriptions for personal and… The post Logiciels Deltek Inc. Becomes the First BMS Vendor to Earn CSIO’s eDocs Certification appeared first on Canadian Underwriter ..read more