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Edmonton City Hall attack supports terror charges: RCMP 

March 7, 2024 The Canadian Press

Mounties say they believe an attack on Edmonton City Hall in January was politically motivated, meaning it reaches the legal threshold for terrorism charges.  Supt. Glenn Sells of the RCMP’s national security team said Tuesday that officers had seized an

News Insurance

Ontario court awards more than $107M to families over deadly Flight 752 shootdown

January 5, 2022 The Canadian Press

OTTAWA – An Ontario court has awarded more than $107 million to families of six victims of the Iranian military’s downing of a passenger jet two years ago. The decision made public Monday follows a May ruling that the missile

News Insurance

Ontario court rules deadly shootdown of Flight 752 in Iran was act of terrorism

May 21, 2021 Paola Loriggio - THE CANADIAN PRESS

TORONTO – An Ontario court has ruled that the Iranian military’s downing of a passenger jet early last year was an intentional act of terrorism, paving the way for relatives of those killed to seek compensation from the country. In

News Insurance

Terrorism coverage that Canadians may not know about

May 4, 2021 by Adam Malik

Citing very tight definitions of the types of incidents that would trigger a terrorism policy, an expert is advising P&C industry professionals to help commercial clients get additional coverage, providing a wider scope of protection. Several exclusions and definitions currently

News InsuranceMarkets / CoveragesProducts

How active assailant attacks are redefining terrorism insurance

February 10, 2020 by Jason Contant

Attacks involving “active assailants” are on the rise, and brokers shouldn’t assume that a standard property, commercial general liability (CGL), or even terrorism policy will cover the costs of supporting and helping the victims, a specialist insurer said Wednesday. “It

News Commercial LinesInsuranceRisk

How all-encompassing is the war risk exclusion?

January 15, 2020 by Greg Meckbach

Exclusions in commercial insurance for losses arising from violence might be broader than some of your clients think. “The war risk exclusion does not just apply where war has been officially declared between two or more countries,” said Lalita Mohabir, national

News BrokersInsuranceRisk

Is your client covered from business interruption arising from terrorism?

June 6, 2019 by Greg Meckbach

What if a terrorist attack interrupts your client’s business, but causes no actual injuries or damage to that client? Some insurers today are covering non-damage costs and loss of attraction. This could come into play if there is a terrorist

News InsuranceRisk

Terrorism is changing. How coverage is following suit

June 3, 2019 by Greg Meckbach

As the terrorism threat shifts from large-scale attacks to softer targets, coverage options from insurance carriers are evolving as well. Some policies cover incidents when an attacker uses a gun, knife or acid for example, Tarique Nageer, Marsh LLC’s terrorism

News InsuranceMarkets / Coverages

One reason why Canadian businesses aren’t buying terrorism coverage

November 23, 2017 Greg Meckbach, Associate Editor

Canadian businesses are taking a pass on terrorism insurance because they are not convinced they face a high enough risk to warrant the extra premium of at least $2,500 a year, brokers say. Property and commercial general liability policies tend

News InsuranceMarkets / Coverages

How a terror attack could spawn E&O claims against brokers

November 22, 2017 Greg Meckbach, Associate Editor

If a terrorist attack takes place in Canada, brokers could face errors and omissions (E&O) claims from business clients whose property and liability policies do not cover them, the director of a Canadian managing general agent suggested Wednesday. A typical

Greg Meckbach, Associate Editor
Feature Markets / Coverages

Thinking the Unthinkable

November 14, 2017 Greg Meckbach, Associate Editor

Brokers who watched the final panel of insurance chief executive officers (CEOs), at the recent RIMS Canada’s annual conference, would have heard that the Corporation of Lloyd’s perceives terrorism and nuclear incidents as two of today’s “top four” man-made threats.

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Frank Cowan Company offering new suite of products for terrorism coverage

October 17, 2017 by Canadian Underwriter

Now available from Frank Cowan Company is a new suite of products designed to help municipalities and public services organizations address the terrorism risk they face and transfer some of that risk via the insurance product. Partnering with XL Catlin