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Coffee burn case sees courts flip-flop on vicarious liability

January 24, 2018 Greg Meckbach, Associate Editor

A recent Ontario court ruling against a coffee shop serves as a warning to defendants that individual employees can be named personally in personal injury lawsuits against corporations. “There is no general rule in Canada that an employee acting in

News InsuranceMarkets / CoveragesTechnology

Buying a cyber policy? Make sure it’s retroactive

January 24, 2018 by Jason Contant

When it comes to cyber insurance policies in Canada, retroactivity is noticeably absent from coverage, a cybersecurity expert told Canadian Underwriter Tuesday. Consider the following example: unbeknownst to a business, malware had existed in the organization’s computer system since November

News InsuranceMarkets / CoveragesTechnology

Ridesharing company expresses interest in Manitoba following time band controversy

January 23, 2018 by Jason Contant

Manitoba’s Public Utilities Board (PUB) has not received any appeals to its order relating to a unique “time band” approach to insuring ridesharing in Winnipeg, a PUB spokesperson told Canadian Underwriter on Monday. “My guess is that the applicant [Manitoba

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Independent brokerage grows in Western Canada

January 23, 2018 by Jason Contant

Regina-based brokerage Harvard Western Insurance has acquired Saskatchewan brokerage Hoff Insurance, effective immediately. Harvard Western president and CEO Dave Pettigrew told Canadian Underwriter Tuesday that Hoff Insurance approached his firm because they wanted to be part of a larger brokerage.

News InsuranceMarkets / CoveragesTechnology

Educating the Public About Distracted Driving: Dos and Don’ts

January 23, 2018 by David Gambrill

Public education strategies must supplement tougher laws if insurers wish to curb the number of claims arising from distracted driving, says the Traffic Injury Research Foundation (TIRF). Despite increasing fines and penalties for distracted driving, nearly one in four fatal

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

AIG re-enters Lloyd’s business with $5.56-billion deal

January 23, 2018 by Greg Meckbach

Less than two years after Canada Pension Plan Investment Board bought Lloyd’s underwriter Ascot Underwriting from American International Group Inc. (AIG), AIG plans to get back into the Lloyd’s business again. AIG announced Monday a US$5.56-billion agreement to acquire Validus

News InsuranceLegalMarkets / Coverages

Nova Scotia court dismisses auto liability case — after an 18-year delay

January 22, 2018 by David Gambrill

Would you be prepared to wait almost two decades to defend your insured policyholder in an uncomplicated auto liability case? One insurer stuck it out for 18 years until finally, on Jan. 19, 2018, the Supreme Court of Nova Scotia

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

A bachelor’s guide to the right M&A fit

January 22, 2018 by David Gambrill

Although brokers contemplating a merger and acquisition may be focused on the financial mechanics of the deal, they should remain mindful about the cultural fit between the merged brokerages, as well as the right strategic fit between the merged entity

News InsuranceLegalMarkets / Coverages

Government insurer sees drunk driving offences plunge

January 22, 2018 by Jason Contant

December 2017 saw the lowest number of impaired driving offences reported that month in the four years since Saskatchewan Government Insurance (SGI) began doing its monthly traffic safety spotlights, even with increased enforcement. “Overall, we think attitudes are changing in

News Climate ChangeInsuranceMarkets / Coverages

Taking a granular look at how drainage routes affect stormwater flooding

January 22, 2018 by Jason Contant

Engineered construction like a drainage route can directly affect whether or not a specific building or home is in harm’s way for stormwater flooding, the Institute for Catastrophe Loss Reduction’s (ICLR) director of research told Canadian Underwriter on Monday. Dan

News InsuranceMarkets / Coverages

Risk management still a concern post-Lac Mégantic

January 22, 2018 by Greg Meckbach

Risk management continues to be an issue for major Canadian railways, the Transportation Safety Board of Canada (TSB) said Wednesday in an investigation report into a freight train collision in Alberta. The report came just days before a jury acquitted

News InsuranceMarkets / CoveragesTechnology

Ontario technology hubs key for GM Canada’s plans for driverless cars

January 22, 2018 David Paddon - THE CANADIAN PRESS

MARKHAM, Ont. – General Motors of Canada sees Ontario’s strength in advanced technologies as strategically important for its plans for creating safe, driverless vehicles in the near future, its CEO said Friday at the launch of a new software centre