Canadian Underwriter

Topic
Markets / Coverages


News InsuranceMarkets / Coverages

Nova Scotia defends controversial plan to sell cannabis in liquor stores

July 26, 2018 The Canadian Press

HALIFAX – Nova Scotia is defending its unique cannabis retail scheme that will sell weed in existing liquor stores amid criticisms the arrangement poses a public health risk. A Halifax psychology professor issued a news release criticizing the model, which

News BrokersInsuranceMarkets / Coverages

How brokers can help risk managers sort out counterparty insurance

July 25, 2018 by David Gambrill

Courting a new business partner and relying on your counterparty’s insurance coverage to respond to a loss? For a risk manager, it’s a good idea to engage in a form of insurance “prenup” conversation with the potential business partner, says

News InsuranceMarkets / CoveragesTechnology

Travel insurance program targets those not buying through brokers

July 23, 2018 by Jason Contant

Specialized travel insurance provider TuGo has launched an Affiliate Program, a secondary distribution channel to reach travellers who aren’t currently buying products through traditional channels such as brokers. TuGo’s CEO, Patrick Robinson, told Canadian Underwriter Monday that TuGo’s Affiliate Program

News AdjustersClaimsInsuranceMarkets / CoveragesRestoration

How much it cost the industry when baseball-sized hail hit western Canada

July 23, 2018 by Jason Contant

A severe storm that affected parts of Saskatchewan and Manitoba in mid-June resulted in more than $90 million in insured damage, according to data released by Catastrophe Indices and Quantification Inc. (CatIQ). Strong winds and large hail – in some

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

The preferred way to transfer risk of automated cars: Travelers

July 22, 2018 by Jason Contant

The public policy division of Travelers is recommending that a “clear risk transfer mechanism” be in place to adapt auto insurance for autonomous vehicles. “While there has not been widespread attention paid to how liability and compensation will be addressed as

News InsuranceMarkets / Coverages

Trade war? There may be insurance for that

July 22, 2018 by David Gambrill

As the U.S. Commerce Department contemplates imposing a 25 per cent tariff on all vehicles imported into the United States, including vehicles from Canada, risk managers are starting to contemplate where all of this heightened rhetoric around protectionism may take

News Earnings / RatingsInsuranceMarkets / Coverages

Where Canadian drivers pay the most (and least) for auto insurance

July 19, 2018 by Jason Contant

When it comes to auto insurance premiums in Canada, drivers in British Columbia pay the most, followed by Ontario, data supplied by Insurance Bureau of Canada (IBC) revealed Wednesday. In B.C. last year, average annual auto premiums were $1,680. The

News ClaimsConstructionInsuranceMarkets / Coverages

After leak causes $3-million damage to dream home, plumbing contractor loses bid to block insurer’s subrogation

July 19, 2018 by David Gambrill

A plumbing contractor facing a subrogation lawsuit from a homeowner’s insurer is not eligible for coverage under the homeowner’s purchased Residential Builders–All Risks [RBAR] insurance policy, an Ontario court has ruled. Joseph and Lidia Maio had their dream home built

News InsuranceMarkets / CoveragesTechnology

Top 10 Canadian insurer partners with Slice for new digital brand

July 18, 2018 by Jason Contant

The Co-operators and insurtech Slice Labs announced Wednesday a partnership to allow the insurer to launch a new digital insurance brand in Canada. The first product – underwritten by The Co-operators – will be a pay-per-use homeshare offering under the brand

News LegalMarkets / Coverages

How data breaches cause harm even if no financial info is stolen

July 17, 2018 by Jason Contant

A recent data breach at an Ontario college highlights the importance of educating clients on cybersecurity, even if no financial information was exposed. “Even having your name, address and date of birth stolen can still cause problems,” Don Duncan, security

News InsuranceLegislation / RegulationMarkets / Coverages

Why marijuana legalization could impact cyber risk

July 17, 2018 by Greg Meckbach

Commercial brokers looking to place insurance for cannabis providers should be paying close attention to the information their clients keep on medical marijuana patients. Cannabis regulations announced last week will supersede the Access to Cannabis for Medical Purposes Regulations once

News InsuranceMarkets / CoveragesMGAs

How to best insure clients against kidnappers

July 16, 2018 by Jason Contant

While kidnap and ransom (K&R) insurance is one type of insurance nobody wants to have to use, there are a few things that should be kept top of mind for brokers placing the coverage. The most important consideration revolves around