Canadian Underwriter

Topic Business Interruption

Ukraine war's eastern front.
News Business InterruptionClaimsCommercialEmerging RisksLoss ControlLoss TrendsSupply Chain

How war in Ukraine may impact business loss claims

March 25, 2022 by Philip Porado

Canada’s insurers are in a bit of a holding pattern about how war in Ukraine may drive claims activity among businesses with ties to the region. Canadian Underwriter contacted numerous insurers and the consensus on any changes to claims and

Calgary, Canada - May 23, 2015: Sunset over Calgary's skyline with the Scotiabank Saddledome in the foreground. The dome with its unique saddle shape is home to the Calgary Flames NHL club, and is one of the oldest professional hockey arenas in North America.
News AlbertaBusiness InterruptionCommercialInsurersLegal

Calgary Flames sue insurers $125 million for pandemic-related losses

March 23, 2022 by Alyssa DiSabatino

The Calgary Flames have filed a $125-million lawsuit against its insurers to enforce the terms of an all risks insurance policy for “massive losses” due to the COVID-19 pandemic.   The named defendants in the statement of claim filed in

Puzzle pieces representing M&A.
News Business InterruptionHRLegalLiabilityMergers and AqcuisitionsTrending

Five factors driving M&A activity in 2022

March 15, 2022 by Philip Porado

Calendar 2021 marked the first full year of positive mergers and acquisitions (M&A) performance for the world’s deal makers since 2016, said research compiled for WTW’s Quarterly Deal Performance Monitor. The research, conducted in partnership with the M&A Research Center

Sculpture of Themis, mythological
News Business InterruptionClaimsInsurersLegalOntario

Where insurers are at with Canadian pandemic BI litigation

March 9, 2022 by David Gambrill

Canadian courts are dealing with pandemic business interruption (BI) cases at a glacial pace compared to those in the U.K. and the United States, prompting some legal observers to call for judicial reform. “As the pandemic extends into its third

Paper and pulp mill
News Business InterruptionClaimsCommercialInsurersLegalLiabilityQuebec

Insurers lose privilege bid after mill’s internal explosion investigation

February 11, 2022 by David Gambrill

Six insurance companies and a pulp and paper manufacturing company, Fortress Specialty Cellulose, have lost their bid to have a PowerPoint presentation about the cause of a commercial explosion protected under litigation privilege. In rejecting their argument, the Superior Court

Ottawa Police chief Peter Sloly
News Business InterruptionLegalLiabilityOntario

Could Ottawa police be sued for failing to arrest ‘freedom convoy’ protesters?

February 11, 2022 by The Canadian Press

Erika Chamberlain, Professor and Dean, Faculty of Law, Western University – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the

A person holds a sign for the "Freedom Convoy" a cross-country convoy protesting a federal vaccine mandate for truckers, as people rally against COVID-19 restrictions on Parliament Hill in Ottawa, on Saturday, Jan. 29, 2022.
News Business InterruptionClaims

Are businesses covered for damage caused by the Freedom Convoy?

February 7, 2022 by Alyssa DiSabatino

More than a week after the “freedom convoy” rolled into Ottawa, some in the P&C industry are discussing whether or not business interruption claims due to civil disobedience are insured risks.   Ottawa’s downtown centre has been paralyzed with vehicles

red sign with a strikeout through some dollar signs
News Business InterruptionClaimsCommercialInsurersLegalLiability

Court sides with insurer in multi-million-dollar spat over sublimits

January 21, 2022 by David Gambrill

B.C.’s Supreme Court has upheld an insurer’s insistence that a mining company’s business interruption losses were subject to a $10-millon sublimit and not to the full policy limit of $250 million. That said, the court did not agree with the

Hand holding chooses wooden block cubes with risk word. Risk management concept.
News Business InterruptionCyber

Canada’s 3 top business risks

January 19, 2022 by Alyssa DiSabatino

Business interruption, cyber incidents, and climate change have been dubbed the Top 3 risks facing Canadian businesses this year, according to a new report.   Although these were Canada’s Top 3 risks, Allianz Global Corporate & Specialty (AGCS)’s Risk Barometer

News Business InterruptionCommercialOperationsPropertyTrending

Ottawa loosens eligibility requirements on pandemic relief for businesses, workers

December 24, 2021 by Tara Deschamps - THE CANADIAN PRESS

Canada’s federal government offered a lifeline to businesses struggling amid the latest wave of the COVID-19 pandemic by expanding eligibility for two benefit programs. Prime Minister Justin Trudeau and several members of his cabinet announced Wednesday that, due to the

News Business InterruptionLiabilityLoss ControlRisk Managers

Mid-sized business leaders cite ‘customized risk management advice’ as top need for reducing exposure

November 5, 2021 by Canadian Underwriter Staff

Customized risk management advice ranks highest among the top needs of mid-sized businesses to reduce their risk exposure, a new survey found. The findings suggest there’s an opportunity for brokers and risk managers to deepen risk management conversations with clients.

Ransomware locking up a laptop
News Business InterruptionClaimsCyberTechnology

Canada ranks third for ransomware attacks

November 1, 2021 by Philip Porado

Businesses in Canada, with 62 attacks, are the third most likely worldwide to have their data held hostage, said new research by NordLocker. Researchers, who analyzed 1,200 companies hit by ransomware gangs in 2020 and 2021, said the U.S. (732