Canadian Underwriter

Topic
Construction

News AdjustersAssociationsCatastrophesClaimsClaims CanadaConstructionEmploymentInsuranceLegislation / Regulation

Adjusting Calgary’s hailstorm: The rationale for bringing in U.S. Cat adjusters

August 28, 2020 by Greg Meckbach

During the hail storm this past June that damaged tens of thousands of Alberta homes, adjusting firm CRU Group struggled to find enough qualified independent catastrophe adjusters in Canada, and wound up resorting to bringing in people from the United

News ConstructionLegislation / Regulation

How Ontario is responding to surety writers’ COVID-19 concern

April 14, 2020 by Greg Meckbach

Concerns from surety bond providers have prompted the Ontario government to make one change, effective this Thursday, to the state of emergency during the pandemic. As it stands, an emergency order suspending limitations means liens against construction projects technically never

News ConstructionInsurance

How to help construction clients who are no longer deemed “essential services”

April 6, 2020 by Adam Malik

Ontario brokers can expect to receive calls from their clients in the province’s construction industry, some of whom were recently de-listed from the province’s essential services list. Under pressure to reduce the spread of COVID-19 in Ontario, the province recently

News Construction

How COVID-19 impacts surety bond placement

March 26, 2020 by Greg Meckbach

Placing surety bonds has become more challenging with the social distancing precautions underway with the COVID-19 pandemic, but it is possible to do this electronically, says an association representing insurers who write surety bonds. Surety bonds can now be placed

Feature ClaimsClaims CanadaCommercial LinesConstructionEngineeringRestoration

Unfinished business

January 5, 2020 By Kevin Shipley, Partner, XCG Consulting Limited

Why a winter construction fire should give underwriters pause before covering the risk of unfinished buildings

News BrokersConstructionInsuranceRiskTechnology

Why brokers need to change cyber talking points for each client

December 6, 2019 by Jason Contant

Brokers need to focus their cyber insurance selling efforts on more than just traditional privacy risks and tailor them to specific industries, a specialist insurer said Wednesday. “Cyber is about way more than just privacy and if you explain to

News BrokersCommercial LinesConstructionInsurance

CSIO finalizes standard set of questions for underwriting this commercial line

November 19, 2019 by Jason Contant

The Centre for Study of Insurance Operations’ (CSIO) commercial lines working group has finalized a standard set of questions required for underwriting small contractor new business submissions. “This is a significant step in implementing commercial lines data standards in the

News ConstructionEngineeringRisk

Simple ways to keep a roof on during a tornado

August 13, 2019 by Jason Contant

The Institute for Catastrophic Loss Reduction (ICLR) and home building company Doug Tarry Homes Ltd. have joined forces for a pilot project on increasing the resilience of homes to high wind and tornado events. High winds contributed in part to

News ConstructionInsurance

How oil patch woes impact surety bond losses

July 29, 2019 by Greg Meckbach

Cutbacks in oil and gas is one reason bond claims have become more frequent in Western Canada, a surety expert for the nation’s largest insurer suggests. A slowdown in the construction market in Alberta – and to some extent in

News ConstructionInsurance

How construction clients could be taking on too much risk

July 26, 2019 by Greg Meckbach

If you place insurance for construction clients, they could be signing contracts that saddle them with risks that they should not be taking on. “We are beginning to see tenders coming out where not enough design work has been done

News BrokersConstructionInsuranceMergers and Aqcuisitions

Quebec’s largest brokerage grows with latest acquisition

June 14, 2019 by Jason Contant

Large Quebec brokerage Lussier Dale Parizeau has acquired the assets of Petrela, Murray, LeBlanc Inc., another brokerage in the province. With the acquisition, Lussier Dale Parizeau now totals $475 million in premium volume, the brokerage said in a press release

News ConstructionInsuranceMarkets / Coverages

How Ontario got it right on surety

May 30, 2019 by Jason Contant

The federal government should follow Ontario’s lead in addressing contractor insolvency before the federal budget bill becomes law, says the Surety Association of Canada (SAC). The federal budget bill, Bill C-97, was tabled in March and passed second reading on