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Natural gas wellhead on the Canadian prairies
News ClaimsCommercial LinesInsuranceRisk

Canadian oil and gas sector routinely targeted by cyberattackers, experts say

April 11, 2023 The Canadian Press

CALGARY – Cybersecurity experts say they aren’t surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada’s natural gas distribution network. They say oil and gas infrastructure in Canada

News CatastrophesClaimsInsuranceReinsurance

What’s driving Canadian insurers’ reinsurance rates?

April 6, 2023 by Alyssa DiSabatino

An exceedingly tough reinsurance cycle saw insurers quoted double digit rate increases upon the Jan. 1 2023 renewal. Some portfolios without a significant loss history saw increases of 25% to 30%, while other portfolios with losses saw their reinsurance rate

News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesTechnology

How underwriters are tackling cyber exposure in D&O policies

April 6, 2023 by Jason Contant

Underwriters are starting to address cyber exposure in directors and officers (D&O) policies, an insurtech told delegates at the NetDiligence Cyber Risk Summit in Toronto. “What we’re seeing is mandatory cybersecurity exposure questions on D&O submissions,” said Ben Davis, team

Storm water overflowing from a roof gutter
News ClaimsClaims CanadaInsurance

Thousands without power as Ontario hit with thunderstorms, heavy rains and snow

April 5, 2023 The Canadian Press

Thousands of people in Ontario are without power after a messy mix of freezing rain and thunderstorms pummeled parts of the province, with downpours and possible ice storms still in the forecast. Hydro One says crews are responding as an

Red Handle Rubber Stamper and You've Been Served text isolated on the table.
News ClaimsInsuranceLegal

Can’t find defendants in auto liability cases? Don’t serve their insurers instead.

April 5, 2023 by David Gambrill

Ontario’s Court of Appeal has laid down the law on trial lawyers habitually serving defendants’ auto liability insurers as a matter of course when they can’t find the defendants to serve notice of the lawsuit. Don’t do it. “As a

News ClaimsClaims CanadaInsuranceMarkets / CoveragesRestoration

First responders graduate from new Ontario First Nation fire program

April 4, 2023 Fakiha Baig - THE CANADIAN PRESS

A tribal council that represents five First Nations in northwestern Ontario says the first batch of local emergency medical responders from a new training program has graduated and will serve Pikangikum First Nation. The Independent First Nations Alliance says it

Hand holding magnifying glass and looking at house model with row of coin money, house selection, real estate concept.
News BrokersClaimsCommercial LinesInsurance

Intact policyholder conflates ACV with replacement cost value

April 4, 2023 by David Gambrill

Intact recently won an appraisal dispute with an insured who originally claimed more than four times the market value of his business property after a fire, prompting the court to find the insured was conflating actual cash value (ACV) of

News BrokersClaimsCommercial LinesInsuranceMergers and AqcuisitionsRisk

Deal or no deal? What happens when you’re breached during M&A transaction

April 3, 2023 by Alyssa DiSabatino

An M&A transaction can become even more complicated for both seller and buyer alike when a cyber breach occurs during the deal, experts at NetDiligence Cyber Risk Summit shared.  Due diligence and adequate representations and warranties (R&W) coverage during the

family home icon. Vector isolated illustration.
News AdjustersClaimsInsuranceLegal

Spouses don’t have to live under the same roof to qualify for family protection auto coverage

April 3, 2023 by David Gambrill

Editor’s Note: This article has been corrected to show that the Motor Vehicle Accident Claims Fund (MVACF) has a $200,000 maximum legal liability and not $250,000, as initially reported. Canadian Underwriter apologizes for the error.   Spouses don’t have to

Flooded Calgary Stampede grandstand
News BrokersCatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / CoveragesRisk

What Canada’s national flood insurance program could look like

March 31, 2023 by Jason Contant

Canada’s upcoming national flood insurance program will likely take characteristics from flood models in both France and Britain, Insurance Brokers Association of Canada (IBAC) CEO Peter Braid told Canadian Underwriter in an interview. In its 2023 budget, the federal government

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News BrokersClaimsCommercial LinesInsuranceLegalLegislation / RegulationRiskTechnology

Why cyber tracking technology litigation could be coming to Canada

March 31, 2023 by Alyssa DiSabatino

Insurers can expect pixel liability to “rear its ugly head” in Canada after recent litigation in the U.S., a lawyer at the NetDiligence Cyber Risk Summit said.   Especially as one Canadian home improvement company has been deemed by the

Computer monitor screen displaying a padlock
News BrokersClaimsCommercial LinesInsuranceMarkets / Coverages

How insurers are deliberately addressing silent cyber

March 30, 2023 by Jason Contant

Cyber insurers are now deliberately addressing silent cyber coverage in insurance policies, a Marsh executive said Wednesday at NetDiligence’s Cyber Risk Summit in Toronto. “With property [insurance policies]…I’m not seeing silent cyber anymore. I’m seeing very purposeful underwriting,” Karen Continenza,