Canadian Underwriter

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Markets / Coverages

News AssociationsInsuranceMarkets / Coverages

New auto insurance policy launched for borrowed vehicles

October 15, 2019 by Jason Contant

Quebec’s financial regulator and an auto insurance group have announced the launch of a new auto policy designed for drivers who don’t own a vehicle. Regulator Autorité des marchés financiers (AMF) and Groupement des assureurs automobiles (GAA) said Monday the

News Climate ChangeInsuranceMarkets / Coverages

Canadians confused about flood risk, study finds

October 11, 2019 by Adam Malik

Canadians are seemingly drowning in confusion when it comes to flood risk, according to a recent survey of 1,700 Canadians. The survey on flood risk, commissioned by RSA Canada and World Wildlife Fund Canada (WWF-Canada), produced some seemingly self-contradictory findings.

News InsuranceMarkets / CoveragesRisk

How to explore the forgotten realm of personal cyber coverage

October 9, 2019 by Jason Contant

Trying to think of a new way to broach that cyber insurance discussion with your clients? Why not highlight identity theft and fraud coverage for your personal lines clients, suggests a new research paper from the Insurance Institute of Canada.

News BrokersMarkets / CoveragesTechnology

The emerging risk that presents an opportunity for all commercial brokers

October 4, 2019 by Jason Contant

Brokers can set themselves apart by starting a conversation with clients around a relatively new type of coverage: intellectual property (IP) insurance, a specialist insurer told Canadian Underwriter recently. CFC Underwriting said it is seeing more interest in this type

News InsuranceMarkets / Coverages

Key questions that homeowners can’t answer on their insurance application forms

October 2, 2019 by Jason Contant

A recent home insurance survey found that most Canadians don’t know key details about their properties, highlighting the importance of pre-fill data for Canadian home insurance application forms. While a dozen data fields in home application forms can typically be

News InsuranceMarkets / CoveragesMGAsRisk

Is vaping liability covered?

September 30, 2019 by Jason Contant

Liability surrounding vaping is being thrust into the spotlight after a London, Ont. high school student was temporarily put on life support from a suspected “severe respiratory illness” associated with smoking electronic cigarettes. “There were lawsuits many years ago to

News BrokersInsuranceMarkets / Coverages

Brokers leaving a lot of SME cyber business on the table: Leger poll

September 27, 2019 by Jason Contant

Brokers need to do a better job of securing cyber insurance coverage for their small and medium-sized business (SME) clients, the results of a new nationwide poll conducted by Leger show. “In the last three years, has your insurance professional

News ClaimsInsuranceMarkets / CoveragesTechnology

How E&O needs to change for emerging tech companies

September 20, 2019 by Jason Contant

Does a one-size-fits-all basic tech errors and omissions (E&O) policy that covers things like breach of contract or negligence still suffice for an emerging tech company? “Most probably not,” said Charlie Murray, international technology team leader with specialist insurer CFC

News Markets / Coverages

This is how hard the Lloyd’s market has become

September 19, 2019 by Greg Meckbach

Insurance rates on renewal are up nearly 4% in the Lloyd’s market, which has returned to profitability. “While market conditions generally remain at historically competitive levels, price increases have been witnessed across all major lines, most notably in property and

News InsuranceMarkets / CoveragesProducts

Does product innovation require a change in coverage?

September 13, 2019 by Jason Contant

Remarkable product innovation can occur without really ever changing the core coverage of the product, Marc Lipman, chief operating officer at AIG Insurance Company of Canada, said Tuesday at the Connected Insurance Canada conference. He used the example of travel

News InsuranceMarkets / CoveragesTechnology

Taxi companies want B.C. Supreme Court to quash ride-hailing rules

September 5, 2019 The Canadian Press

VANCOUVER – A coalition of nine taxi companies in Metro Vancouver has asked the B.C. Supreme Court to quash ride-hailing rules it says were illegally created for companies such as Uber and Lyft. The companies say in their petition that

News BrokersInsuranceMarkets / Coverages

Aviva Canada takes the plunge into cross-border business

September 4, 2019 by Adam Malik

With the introduction of its new Global Corporate and Specialty (GCS) team, Aviva Canada is setting its sights on Canadian companies doing cross-border business in the United States. The GCS team will offer coverage in five key areas: corporate risk,