Lanes Insurance

Is your brokerage keeping a lid on AI hype?

Any new technology must also suit a brokerage’s business needs.

https://canadianunderwriter.ca/your-business/tech/is-your-brokerage-keeping-a-lid-on-ai-hype/

Auto theft funds organized crime, and insurers are footing the bill!

Bryan Gast of Équité Association says every stolen vehicle claim insurers pay is helping fund organized crime beyond the car itself.

https://www.insurancebusinessmag.com/ca/news/auto-motor/auto-theft-funds-organized-crime-and-insurers-are-footing-the-bill-589510.aspx

Recent flooding reveals gaps in Canada’s climate change response: How insurance companies are responding

The summer was punctuated by major storms, including heavy rainfall in both Edmonton and Toronto that wreaked havoc on infrastructure and homes.

https://lanesinsurance.com/recent-flooding-reveals-gaps-in-canadas-climate-change-response-how-insurance-companies-are-responding/

Changes to Canada’s climate now ‘irreversible,’ federal report says. The report expects a nearly 50% increase in the area burned by wildfires by 2075.

https://canadianunderwriter.ca/news/risk/changes-to-canadas-climate-now-irreversible-federal-report-says/

Property risk trends as wildfire, flood and hail losses mount
In the latest Property Insurance

In the latest Property Insurance Power Panel, experts from Marsh, Gallagher, Aon and FM gather to discuss.

https://www.insurancebusinessmag.com/ca/tv/property-risk-trends-as-wildfire-flood-and-hail-losses-mount-588874.aspx

Care-first auto insurance set to launch and save Albertans on January 1

The Insurance Board of Canada (IBC) is praising the benefits of Alberta’s Care-First auto insurance model, set to be fully rolled out on Jan. 1, 2027.

https://lanesinsurance.com/care-first-auto-insurance-set-to-launch-and-save-albertans-on-january-1/

The claims surge insurers can’t predict!

Claims organizations know another catastrophe-driven surge is coming. What they don’t necessarily know is when it will arrive, where it will hit or how much adjusting capacity they’ll need when it does.

https://canadianunderwriter.ca/news/claims/the-claims-surge-insurers-cant-predict/

The economy is turning ordinary design mistakes into lawsuits, source warns.

A senior underwriter says buyers are moving harder on price just as new, untested insurers seep into the market with almost no claims history of their own.

https://www.insurancebusinessmag.com/ca/news/professional-liability/the-economy-is-turning-ordinary-design-mistakes-into-lawsuits-source-warns-587875.aspx

Nepal flood was triggered by a glacier, not an earthquake. For brokers, the cause is the question. When the cause is disputed, the policy wording is tested.

https://www.insurancebusinessmag.com/ca/news/catastrophe/nepal-flood-was-triggered-by-a-glacier-not-an-earthquake--for-brokers-the-cause-is-the-question-587699.aspx

New research finds emerging culprit in Canada driving deaths. Drugs found in tested drivers range from common medications to illegal substances.

https://canadianunderwriter.ca/your-business/legal-regulation/new-research-finds-emerging-culprit-in-canada-driving-deaths/