Alyssa Di Sabatino

Ontario

Reporter at Canadian Underwriter

Featured in: Favicon

canadianunderwriter.ca Favicon

trucknews.com Favicon

thecord.ca

Articles

How insurance brokers address truckers that misrepresent fleet size

Jul 25, 2024 | trucknews.com | Alyssa Di Sabatino |James Menzies

Brokers are the front-line defenders for insurers covering commercial trucking. Especially since some fleet owners may attempt to insure only the trucks in use, while not reporting those sitting on lots and not being driven. “Some guys will say, ‘No, I don’t have that many trucks,’ and they’ll incorrectly report their fleet size. That does happen for a multitude of reasons,” says Lee Sherback, Canadian transportation practice leader at Hub International.
Alberta auto rate cap sees Aviva tighten its underwriting rules

Jun 10, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Aviva Insurance Company of Canada has changed its decline rules for optional physical damage coverage for private passenger vehicles in Alberta. Announced to brokers in May in a bulletin obtained by Canadian Underwriter, the new underwriting rules for this optional physical damage coverage restrict eligibility for some new business and renewals.
Which Atlantic Canada cities are becoming car theft hot spots

Jun 6, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Regions across Atlantic Canada are seeing alarming spikes in auto theft claims costs, leaving insurers on high alert. Notably, Moncton, N.B saw auto theft claims costs surge 270% between 2018 and 2023. Most recently, insurers tallied $3,328,444 in claims costs in the city, according to a news release by the Insurance Bureau of Canada. Fredericton, N.B. saw a 231% increase over the same period, totalling $2,459,466 in claims costs in 2023.
Canadians need broker guidance to save on policies, survey says

Jun 5, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Canadians don’t prioritize saving money on their P&C insurance bills, according to a new survey by TD Insurance. And that’s where broker advice can be critical. “75 per cent of insured Canadians surveyed are more aware of how to save on their phone bill versus their insurance bill (69%),” finds the TD Insurance Survey conducted by Maru Public Opinion.
10 costliest Ontario cities for auto theft claims

Jun 4, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Auto theft claims costs in Toronto have surged by nearly 1,000% in the past five years, totalling $371,815,072 in 2023, a new list by the Insurance Bureau of Canada finds. Toronto takes first place as the costliest city in Ontario for auto theft claims, according to IBC data. Yet it’s Whitby that’s seen the largest overall surge, with an increase of 2,269% over the last five years.
Canadian cities at highest risk during 2024's wildfire season

May 31, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Major cities across British Columbia, Alberta and now Saskatchewan are at high risk for this year’s escalating wildfire season, finds a study by MyChoice. But the city at highest risk is Kamloops, B.C., with a risk score of 9.4 out of 10, according to the insurance comparison website. Saskatoon, Sask. has the second highest risk score of 8.8 out of 10. Those cities are followed by Regina, Sask. (8.6), Kelowna, B.C. (8.6), and Medicine Hat, Alta. (8.6) to round out the top five highest risk scores.
CFC hires Coalition cyber leader

May 30, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Specialist managing general agent CFC announced it has hired Kelly McGuinness as cyber, tech and professional liability development leader to its new Canada office. McGuinness previously worked for cyber insurer Coalition, where she was the Canada team lead of production underwriting and business development.
The rise and fall of cyber policy growth

May 29, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Cyber insurers have pulled themselves out of the dredges of the hard market, but there are fewer active cyber policies today than there were in 2020, one cyber expert shared at the CFC Summit North America 2024 in Toronto. Meanwhile, high-profile cyber-attacks grace the media regularly. For brokers, that means cyber selling opportunities as much as it means protection gaps for insureds. Growing or shrinking?
Insurer to replace, not clean, fire-damaged equipment: Court

May 28, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

In a dispute over whether it would clean or replace dental equipment damaged in a commercial building fire, a national insurer was ordered to pay the replacement costs and actual cash value of the equipment, as well as $18,800 in legal fees, to the dental practice. Aviva Insurance Company of Canada sought judicial review after a jointly-approved appraiser panel determined replacement costs of $1.7 million and actual cash value of $900,000 for the fire-damaged equipment.
How property lines is shaping up

May 23, 2024 | canadianunderwriter.ca | Alyssa Di Sabatino

Although capacity and appetite are bouncing back, Canadian insurers remain picky when it comes to selecting risk, particularly in the oft-challenged property lines, according to Aon’s Spring 2024 Insurance Market Update Canada report. “Overall, there is an expansion in capacity and appetite signalling that the market is transitioning into a more competitive space.