Topic
Markets / Coverages
Your commercial client’s biggest exposure in 2018
January 19, 2018 by Jason ContantBusiness interruption will be the top risk for companies in Canada this year, according to Allianz Global Corporate & Specialty’s (AGCS) Allianz Risk Barometer 2018. “Business interruption (BI) can be a consequence of many of the other risks identified in…
Is a cab company vicariously liable if a sex assault is alleged?
January 19, 2018 by Greg MeckbachCanada’s top court has been asked to review a case involving the vicarious liability of a taxi company when a passenger sues the driver alleging sexual assault. In 2015, a woman filed a civil lawsuit against Kitchener-based United Taxi Limited…
Uber nearing autonomous cars without human backup driver
January 19, 2018 Tom Krisher - THE ASSOCIATED PRESSDETROIT – Uber plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year, the service’s autonomous vehicle chief…
Gore Mutual welcomes two new executives
January 18, 2018 by Jason ContantPaul Jackson has been appointed chief marketing and distribution officer for Gore Mutual, effective immediately. Jackson will report to the insurer’s president and CEO Heidi Sevcik. Jackson has played a key role in Gore Mutual’s transformation since joining the organization…
Brokers: If you can’t buy insurtechs, join them
January 18, 2018 by David GambrillIf you can’t beat the insurtechs, and you can’t buy them, then you may as well join them. Partnering with insurtechs may be the best way to go for most carriers and brokers lacking the resources necessary to acquire them,…
Why cybercriminals are stepping up attacks against your small business clients
January 18, 2018 by Jason ContantThe operating model for cybercrime appears to have changed, with criminals using ransomware to target smaller companies and ask for smaller currency amounts, a cyber underwriter with Beazley told Canadian Underwriter on Wednesday. Jimaan Sané said cybercriminals used to attack…
Why cat bonds, ILS are depressing reinsurance rates
January 18, 2018 by Greg MeckbachDespite last year’s devastating hurricanes, investors are happy to keep shovelling money into cat bonds and insurance-linked securities (ILS), which in turn are making reinsurers think twice about hiking rates. The catastrophe bond and ILS markets have “grown hugely over…
Study defines link between fracking, earthquakes in northern Alberta
January 18, 2018 Bob Weber - THE CANADIAN PRESSEDMONTON – Scientists have figured out how hydraulic fracking causes earthquakes in northern Alberta, but they have a way to go before they can use that knowledge to predict if it will cause temblors in other areas. “Right now, there…
How small brokerages find the funds to grow through M&A
January 17, 2018 by Jason ContantGiven the increasing expenses required to grow a business, how can a smaller brokerage secure the funding to expand via a merger or acquisition? “There are many options in the marketplace,” said Adam Duliban, principal broker with Duliban Insurance Brokers.…
Driverless cars and the irony of solving Ontario’s auto problem
January 17, 2018 by Greg MeckbachAs driverless cars become more popular, and as the focus of insurers gradually shifts from insuring vehicle owners to providing product liability for the manufacturers of autonomous vehicles, the Ontario government’s auto insurance reforms may finally be yielding some better…
How Nova Scotia is reducing auto tort awards
January 17, 2018 by Greg MeckbachA $40,000 award in a personal injury auto lawsuit has been cut down to zero because the plaintiff received Canada Pension Plan disability payments as a result of her injuries. Shirley Tibbetts was riding her motorcycle in Northern Antigonish County,…
Questions for brokers to ask clients about cyber insurance
January 17, 2018 by Jason ContantSerge Solski, principal at AdviseAware Risk Consulting, advises brokers and other clients about technology risks — including cyber risks and coverage. He spoke to Canadian Underwriter Monday about some questions that brokers should be asking their clients to help understand…