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Defamation award of aggravated and general damages against commentator upheld

June 13, 2017 by Canadian Underwriter

The Supreme Court of Canada announced Friday it will not hear an appeal from a political commentator and lawyer who was successfully sued for $80,000 for calling a person a liar in blog posts. In 2014, a judge with the

News ConstructionInsuranceMarkets / Coverages

Approved Surety & Casualty launches program to enhance contractor bonding limit

June 12, 2017 by Canadian Underwriter

Toronto-based Approved Surety & Casualty Inc. announced on Monday that is has launched a capital disbursement program for brokers to enhance contractor bonding limit. “Approved Capital is a capital disbursement program for brokers that will allow their contractor clients to

insPRESS Insurance

VIDEO: The Guarantee Celebrates 145 Years of its Canadian History & Canada 150

June 12, 2017 by Linda Domenichini

As The Guarantee Company of North America celebrates 145 years of our Canadian history and Canada’s 150th anniversary of Confederation, we reflect on our generations of experience that has established our company as a leader offering specialty insurance products. WATCH

News CatastrophesInsurancePersonal LinesTechnology

National Flood Insurance Program contributes to ‘development in flood prone areas,’ NWF executive testifies

June 12, 2017 by Canadian Underwriter

Private insurance companies in the United States are “clamouring” to write flood risk for properties while the nation’s National Flood Insurance Program encourages development in floodprone areas and needs to be “significantly reformed,” speakers recently told a committee of the

News InsuranceLegislation / RegulationMarkets / CoveragesPersonal Lines

Vehicle and equipment dealerships in Alberta authorized to sell gap insurance

June 12, 2017 by Canadian Underwriter

The Alberta Insurance Council (AIC) has announced that its General Insurance Council (GIC) has approved the issuance of a restricted certificate of authority authorizing both vehicle and equipment dealerships to sell gap insurance. Gap insurance is property insurance that covers

News Commercial LinesInsuranceMarkets / CoveragesTechnology

Cybersecurity company discovers malware designed to perform attacks on power supply infrastructure

June 12, 2017 by Canadian Underwriter

IT security company ESET Canada Inc. reported on Monday that its researchers have been analyzing samples of dangerous malware capable of performing an attack on power supply infrastructure. The malware, named Industroyer by ESET, was likely involved in the December

News CatastrophesInsurancePersonal Lines

Quebec homeowners face potential post-flooding woes: mosquitoes, critters, parasites

June 12, 2017 Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – Even as swollen rivers have receded in Quebec, some experts suggest historic flooding this year could mean critter and pest-related woes in months and years to come. For now, heavy water accumulation has created standing pools of water

News Commercial LinesEarnings / RatingsInsurance

Commercial insurance prices in the U.S. increased by less than 1% for sixth straight quarter: Willis Towers Watson

June 12, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were nearly flat during the first quarter of 2017, according to the last Commercial Lines Insurance Pricing Survey (CLIPS) from Willis Towers Watson (WTW). The survey, released on Monday, compared prices charged on

News InsurancePersonal LinesProductsTechnology

Price continues to be hurdles to adoption of smart home devices: survey

June 12, 2017 by Canadian Underwriter

Price is among the top barriers to more people adopting smart home technology to help ease home management pain points in the United States, notes a survey of 1,000-plus adults south of the border released by U.K. smart home brand

News CatastrophesCommercial LinesInsurance

Remote Manitoba town reports temporary loss of rail line

June 9, 2017 by Canadian Underwriter

The Town of Churchill in Manitoba is reporting the “temporary loss of its rail line” into the community from recent flooding. According to a statement from the town released earlier this week, “unprecedented” snowfall in March that resulted in over

News CatastrophesInsuranceMarkets / Coverages

Flood watches issued for several B.C. rivers in wake of powerful storms

June 9, 2017 The Canadian Press

VANCOUVER – Flood watches have been issued for several major waterways after torrential downpours hit parts of southern and central British Columbia. The River Forecast Centre says rivers throughout the Columbia and East Kootenay regions, including tributaries around Golden, Revelstoke

News CatastrophesCommercial LinesConstructionInsuranceMarkets / CoveragesPersonal Lines

City of Edmonton examining flood mitigation options

June 9, 2017 by Canadian Underwriter

Staff from the City of Edmonton are scheduled to look at flood mitigation options for the city as the next step in its examination of upgrades to drainage infrastructure. The city said in a press release earlier this week that