Canadian Underwriter

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Claims


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News BrokersClaimsInsuranceRisk

Why Marsh is optimistic about the cyber market

July 27, 2022 by Alyssa DiSabatino

Global brokerage Marsh is cautiously optimistic cyber’s hard market will eventually stabilize and insurers will soon be able to reward clients who have strong cyber controls with lower increases. “Market conditions are expected to remain challenging for the foreseeable future

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News ClaimsInsuranceLegal

Brokerage E&O 101: How to win lawsuits against evasive clients

July 27, 2022 by David Gambrill

Taking notes and attaching them to a client’s file as part of an everyday business practice allowed a veteran broker at Wyatt Dowling Insurance Brokers to win a lawsuit launched by her client over two cars that burned up in

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News ClaimsCommercial LinesInsuranceLegalProducts

Don’t forget to serve, even if the insurer already knows about the lawsuit

July 26, 2022 by David Gambrill

A claimant in a product liability case must still go through the formal process of serving notice in China of intent to sue a Chinese manufacturer, even if the defendant manufacturer was aware of the claim since 2019, had a

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News ClaimsEngineeringInsuranceRiskTechnology

Can multi-factor authentication beat smarter cybercriminals?

July 26, 2022 Jason Contant

Multi-factor authentication (MFA) is becoming a standard requirement to obtain cyber insurance. But just as your clients are improving their insurability, cybercriminals too are designing their attacks around MFA. “It’s kind of like a game of Whack-a-Mole,” said Neal Jardine,

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News ClaimsCommercial LinesInsuranceMarkets / Coverages

What Europe’s record heat means for insurers

July 22, 2022 Philip Porado

Insurers covering businesses that depend on goods or industrial inputs from Europe should keep an eye on potential loss scenarios emerging from the continent’s crippling heat wave. “High temperatures harmed tarmacs of motorways in Great Britain and Germany in the

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News ClaimsInsuranceReinsurance

Which claims trends are worth watching in 2022?

July 19, 2022 by Alyssa DiSabatino

The number of contingent business interruption (CBI) claims have been increasing year-over-year and exceeding previous highs, as global supply chains were hit repeatedly by storms, fires and the pandemic, said Allianz Global Corporate & Specialty’s (AGCS) Global Claims Review 2022.  But

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News CatastrophesClaimsClimate ChangeInsuranceRisk

How Canada’s costliest perils compare to the rest of the world

July 19, 2022 by Alyssa DiSabatino

The fire/explosion peril continues to crux Canadian insurers, accounting for 38% of all corporate insurance losses by value of claims, according to Allianz Global Corporate & Specialty’s (AGCS) Global Claims Review 2022. Natural catastrophes peak as Canada’s second highest major

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News ClaimsCommercial LinesInsuranceLegalMarkets / Coverages

Splitting costs when ‘other insured’ policy clauses don’t reconcile

July 15, 2022 by David Gambrill

When two insurers offer coverage for the same loss, and each policy states the coverage is in excess of ‘other insurance’ available, both insurers can be expected to split the cost for the insured’s defence and settlement costs, Ontario’s top

insPRESS Claims

SERVPRO of Central Vancouver Opens Doors

July 15, 2022 SERVPRO®

Local franchise opens to assist community with property damage emergencies VANCOUVER, BC,  JULY 15, 2022/insPRESS/ –  SERVPRO®, a premier cleanup and restoration company, has a new franchise in British Columbia. SERVPRO® of Central Vancouver will respond to the community’s property damage

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News ClaimsCommercial LinesInsuranceLegalRisk

D&O excess policy needs to spell out exceptions from primary policy

July 14, 2022 by David Gambrill

If an excess insurance policy follows the form of a primary policy, and the primary policy offers an option that extends the claims reporting period by a year, the insured is entitled to the same option under the excess policy,

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News ClaimsInsuranceRiskTechnology

Who owns the risks posed by artificial intelligence? 

July 13, 2022 Alyssa DiSabatino

As artificial intelligence (AI) increasingly affects the performance of products consumers use every day, discussions about who owns the AI risk is likely to become more intricate. For companies making these products, it’s important to know the risks involved, be

Pathologist doctor holding hammer court as investigation of criminal law cases and civil law cases in some jurisdictions
News ClaimsInsuranceLegalLegislation / Regulation

Court strikes down cap on costs for auto injury experts

July 13, 2022 by David Gambrill

B.C.’s Supreme Court has struck down as unconstitutional the province’s 6% cap on disbursements for experts in personal injury actions arising from auto accidents – one feature of the Insurance Corporation of B.C.’s attempt to control its auto insurance claims