Canadian Underwriter

News


News Legal

Case law allows for ‘duty of care’ from homeowners hosting bring your own booze party where ‘foreseeability of harm is present,’ lawyers warn

March 15, 2017 by Canadian Underwriter

A recent court decision “highlights the amount of work required,” for a defendant being sued after hosting a party where people were consuming alcohol, to get a summary motion dismissing the case, two lawyers argued in a blog post this

News InsuranceLegal

‘Demand remains strong’ for high film production insurance limits in Canada: Chubb

March 15, 2017 by Canadian Underwriter

Falls from heights and the use of expensive antiques on sets are among the risks that film production firms should keep in mind when working in foreign locations, Chubb Ltd. said in a report released Tuesday. “When producers choose a

News CatastrophesCommercial Lines

Explosion, fire hit Alberta Syncrude oilsands site

March 15, 2017 by THE CANADIAN PRESS

FORT MCMURRAY, Alta. – Syncrude says most of its workforce has returned to an oilsands site in northern Alberta after an explosion and fire Tuesday. But company spokesman Will Gibson couldn’t say whether production has resumed after a fire erupted

News Catastrophes

Hazmat spill from truck kills driver, closes Ontario highway 401

March 15, 2017 by THE CANADIAN PRESS

A stretch of Highway 401 through eastern Ontario remained closed early Wednesday following weather-related collisions that left one person dead, 28 people injured and officials scrambling to contain a chemical spill. Ontario Provincial Police say there were two collisions on

News InsuranceTechnology

Older drivers like active safety features, resist autonomous vehicles: Munich Re survey

March 15, 2017 by Canadian Underwriter

A new survey out of the United States exploring the sentiments of older drivers 65 and over shows about half of the respondents would not be comfortable riding in an autonomous vehicle, but they see great value in active safety

News InsuranceTechnology

InsurEye adds independent mortgage, credit card consumer reviews to platform

March 15, 2017 by Canadian Underwriter

The largest Canadian platform for insurance reviews has launched independent consumer reviews for mortgage and credit card products, InsurEye announced Wednesday. “Our platform has already been offering nearly 3,000 home, auto and life insurance reviews to inform Canadian consumers about

News AssociationsCatastrophesClimate ChangeInsuranceReinsurance

IBC supports regional platform for disaster risk reduction outcomes, vows to continue working with government

March 15, 2017 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has voiced the property and casualty industry’s continued support for efforts by the federal government to enhance disaster risk reduction and make communities more resilient. “Our industry remains committed to being a full partner with

News Legal

Toronto city staff warn of ‘increased risk-taking behaviour’ when combining alcohol with caffeine drinks

March 14, 2017 by Canadian Underwriter

Toronto’s board of health will consider Monday a proposal to require organizers of events on city property to “be familiar” with a federal government warning against mixing alcohol with caffeinated energy drinks. Health Canada prohibits the sale of pre-packaged, premixed

News Catastrophes

U.S. northeast winter storm grounds more than 5,000 flights

March 14, 2017 by Deepti Hajela - THE ASSOCIATED PRESS

NEW YORK – A storm expected to drop more than a foot of snow pounded the United States Northeast on Tuesday, paralyzing much of the Washington-to-Boston corridor after a remarkably mild February had lulled people into thinking the worst of

News CatastrophesCommercial Lines

Investigation report into MD-83 crash that killed 153 released

March 14, 2017 by Jon Gambrell - THE ASSOCIATED PRESS

DUBAI, United Arab Emirates – The pilots of a Nigerian airliner failed to follow emergency procedures and didn’t land after one of the plane’s two engines lost power only minutes into the flight, according to a government investigation into the

News Markets / CoveragesPersonal Lines

Insurance providers ‘need to go further’ to understand needs of high net worth individuals: Chubb

March 14, 2017 by Canadian Underwriter

More than 50% of high net worth individual responding to a recent survey said they were worried about being underinsured, but fewer than one in five look for insurance providers that are experts in the field, Chubb Ltd. suggested in

News Technology

Use of technology could help to enhance compliance efforts: KPMG LLP report

March 14, 2017 by Canadian Underwriter

The majority of chief compliance officers (CCO) in the United States taking part in a KPMG LLP survey are struggling to integrate and automate compliance activities across their organizations. Six in 10 polled CCOs report “their company’s technology infrastructure has