Inflation and Insurance
Canada’s P&C insurers are exposed to historically-high inflation rates, which may prolong the hard market in commercial lines, Canada’s association of home, auto and business warns.
COVID 19 update regarding commercial insurance.
ADVANTAGE DAILY: CANADIAN HEADLINES FROM CANADIAN UNDERWRITER - APRIL 14, 2020 Brokers seek four relief measures for hard-hit commercial clients Canadian insurers have rolled out a number of measures to help Canadian homeowners, drivers and business owners in need...
The danger of lying about gender for cheaper auto insurance
ADVANTAGE DAILY: Canadian Headlines from Canadian Underwriter - August 2, 2018 If a young male motorist is thinking of telling his insurer he is female for the sole purpose of getting a lower rate, there is some simple advice a broker can give: Don’t do it. This is...
How home insurers could be on the hook for cyber bullying
ADVANTAGE DAILY: CANADIAN HEADLINES FROM CANADIAN UNDERWRITER - JUNE 5, 2018 Cyber bullying, which can result in liability claims under home insurance policies, will soon be grounds for lawsuits in Nova Scotia. The Nova Scotia government is now “on the verge” of...
Atlantic Hurricanes Wipe Out Reinsurers’ Profits In Europe
Writer does not mention whether it’s an underwriting profit or not, regardless it’s a disaster for all affected as the cost of hurricanes crosses the Atlantic Ocean to Europe and beyond.
A Heartfelt Thank You – Readers Choice Nomination
Last week was the deadline to vote for the Kingston This Week Readers Choice Award. I'd like to offer a big thank you for those who nominated Dorey & Tolgyesi Insurance Brokers for this award. I am deeply honored by the nomination. Thank you for...
Any dishonesty on your part can result in loss of coverage – but you may not know until it’s too late
by Lorraine Sommerfeld Car insurance can be a tricky thing. The only way to really test it is to have something bad happen. All that legal fine print and those payout limits may seem agreeable in the abstract but you can often discover the cold, hard facts are little...
ICBC is ‘on the path to insolvency’ and there’s no clear fix
By Geordon Omand, The Canadian Press British Columbia's once-celebrated public auto insurer has become a financial train wreck, its critics say, as studies into the beleaguered Crown corporation call for dramatic rate hikes and drastic structural changes to save it...
Denying catastrophic impairment status to Ontario auto claimant is not denying benefit: OIAA speaker
From: Kadey Schultz, Partner, Schultz Frost LLP by Greg Meckbach, Associate Editor Canadian Underwriter When an Ontario auto insurer notifies a claimant that he or she has not sustained a catastrophic impairment, that does not constitute the denial of a benefit for...
Good News For Drivers
Aviva Canada has announced a 15% auto insurance discount for drivers of vehicles that have automatic emergency braking (AEB). The insurer said in a press release on Monday that the “industry first” discount will be available to all Aviva‐insured drivers and will be...