Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
For anyone waiting for the underwriting market to harden, it would appear they’ll be waiting a little while longer. One of the events that can trigger a tightening of the primary market is a tightening of the reinsurance market. Two…
Read more →
Some are calling 2014 a quiet – even a ‘reprieve’ – year for Canadian catastrophe losses. But when you put the year’s $880+ million up against 2013’s $3.2 billion, of course it will look like a quiet year (even a…
Read more →
Over the years I have been involved in a few insurer studies regarding the cost of mistakes. The most obvious, to an underwriter, is the cost of re-issuing policy documents processed in error. No one publishes these statistics (too embarrassing),…
Read more →
2014 was a good year for the insurance industry in Canada and the United States. However, 2015 will face different challenges. First, the industry is over capitalized. This situation will result in companies trying to capture market share in sectors…
Read more →
As insurers face the challenges of legislative and regulatory compliance, there is an argument to be made that large insurers will be in a better position to meet these challenges. As a means of meeting the regulatory requirements they face…
Read more →
On December 11, the Institute for Catastrophic Loss Reduction (ICLR) rolled out its latest retrofit home to the media. The home in Burlington, Ontario was retrofitted to reduce the risk of basement flooding. ICLR chose Burlington because it was ground…
Read more →
One trend that we have seen of the past few IBV insurance studies that look into consumer behavior is that insurance customers seem to be becoming less loyal.
Read more →
Over the course of this year, a number of organisations in the London insurance market have publically committed to Lloyd’s Diversity and Inclusion Charter.
Read more →
I noticed an interesting section at the end of a recent bulletin issued by FSCO regarding recent regulation changes that I reviewed in a recent post. Thrown in with the announcement of regulatory changes is a discussion on mileage expenses by health care providers.
Read more →
Changes will always take place in any industry, but changes in Ontario auto insurance have not solved problems – instead they have created them.
Read more →
Several new auto insurance regulations have now been approved by the Ontario Cabinet.
Read more →
There was a time when the only C-suite title was Chief Executive Officer. Eventually new titles emerged such as Chief Operating Officer, Chief Financial Officer, Chief Marketing Officer, and Chief Information Officer. One of the latest C-suite titles to emerge…
Read more →
In the recently released decision of Equitable Trust Co. v. The Portage La Prairie Mutual Insurance Co., 2014onsc4767, Ontario Superior Court Justice Stewart affirmed the generally held view that an insured mortgagee is entitled to recover the outstanding balance owing…
Read more →
Uber and similar ride-sharing services aren’t going anywhere. Consumers like these new services and that’s why there are using them.
Read more →