News
Foreign insurer exits make room for domestic scale
13+ hour, 37+ min ago (535+ words) Geopolitical uncertainty and U. S. political volatility is creating a rare opportunity for domestic carriers Foreign insurers are reassessing their Canadian operations amid geopolitical and macroeconomic uncertainty. But this is creating a window of opportunity for domestic carriers to acquire platforms or…...
Handbook | What brokers should tell clients as Ontario benefit changes take effect
2+ week, 3+ day ago (610+ words) What can brokers do to help customers who don't read their auto renewal packages? Consider this scenario: a customer's auto insurance renewal package arrives in the mail, they glance at it before setting it aside to review later. But later…...
What should brokers know about emerging liability risks in Canada's healthcare system?
3+ week, 18+ hour ago (651+ words) Insurance and risk professionals share practical advice to elevate your expertise, strengthen your strategies, and help you grow. Have a question? Please email'annachristina@newcom. ca. Canadian Underwriter journalists are not involved in writing these articles. As healthcare roles evolve to…...
Canadian MGAs propose "fit-for-purpose" regulations
1+ mon, 1+ week ago (816+ words) CAMGA White Paper recommends modifying Fair Treatment of Consumers rules to accommodate role of MGAs" Modifying the current Fair Treatment of Consumer (FTC) regulations for the insurance sector in Canada may be the quickest and most efficient way to achieve…...
P&C insurance regulators and Ombud Services seek to confer more often
1+ mon, 3+ week ago (494+ words) Insurance regulators to obtain quarterly reports of consumer complaints to Ombud Services Canadian property and casualty insurance regulators plan to meet more regularly with Ombuds agencies to ensure consumer disputes with P&C insurers are handled fairly. The Canadian Council…...
Why AI won't replace human claims adjusters
2+ mon, 5+ day ago (663+ words) Tech will aid client triage but move customers in distress to live conversations Claims surges caused by natural catastrophes (Nat Cats) or other major events create bottlenecks for insurance claims adjusters. And that's where manual work processes can collapse. That…...
Why embedded insurance keeps this lawyer up at night
3+ mon, 4+ day ago (488+ words) The risk of insurance activities performed by unlicensed individuals or entities tops the list When it comes to embedded insurance, the risk of insurance activities being performed by unlicensed individuals or entities is probably the biggest concern, a Dentons lawyer…...
ITV gap widens, as co-insurance clauses catch businesses off-guard
4+ mon, 13+ hour ago (835+ words) Tariffs and inflation are widening the insurance-to-value (ITV) gap at a time when many businesses don't know about their co-insurance clauses After recent catastrophes including the 2024 Jasper wildfire, the insurance-to-value conversation has sharpened, particularly for commercial property policyholders facing increased…...
Regulator fines unlicensed insurance agent $25, 000
4+ mon, 3+ day ago (510+ words) The unlicensed agent has also been ordered to stop conducting insurance business in Ontario Ontario's financial services regulator has issued a $25, 000 penalty against an unlicensed agent and ordered him to stop conducting insurance business in the province. The Financial Services…...
Post-Cat claims: Are cashouts worth it?
4+ mon, 3+ week ago (805+ words) Adjuster capacity is an important consideration, panellists say With increasing Cat activity in Canada, carriers and independent adjusters may be looking at more claims cashout models. But they should consider both the positive and negative aspects of this type of…...