Canadian Underwriter

Topic Cannabis

Hand Showing Cannabis Leaf Against Sky With Sunlight
News CannabisClaimsCommercialLoss Trends

Why cannabis companies are seeing lower D&O rates

February 22, 2022 by Jason Contant

Pricing for cannabis-related directors and officers (D&O) insurance is trending downward, but only relative to the rest of the market, said an insurance brokerage executive. “When cannabis was first legalized in Canada, you had a handful of carriers that [offered]

Successful business woman leading a group and looking at the camera smiling
News BrokersCannabisCommercialInsurersLegalLiability

Lawyers on boutique D&O: Don’t just take your broker’s word for it

February 16, 2022 by David Gambrill

For boutique D&O coverages, a law firm says companies should be bringing in a lawyer to look at the contract coverage and not just rely on the opinion of the insurance broker about coverage. This is particularly true in business

News CannabisCommercialPersonal Auto

Cannabis impaired driving: Here’s what we know about the risks of weed behind the wheel

January 11, 2022 by The Canadian Press

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 original site.   Authors: Dina Gaid, Post-doctoral fellow, School of Pharmacy, Memorial University of

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Why the Co-operators won this appeal over homeowner claim

October 29, 2021 by Greg Meckbach

If a client learns something new about insurance law four years after their claim is denied, it’s probably too late to sue the insurer for breach of contract. In a decision released this past Tuesday, the Court of Appeal of

News BrokersCannabisClaimsClaims Canada ArchiveEmerging RisksLegalPersonal HomeProperty

What to tell clients when home insurer asks if property was previously a grow-op

March 18, 2021 by Greg Meckbach

Home insurance clients who move to a new property should have the premises inspected and let the insurer know if there are signs it has been used to grow cannabis. “If a home was a former cannabis grow-op, likely pipes

News CannabisClaimsCommercialEmerging RisksLiabilityLoss TrendsMGAsPropertySupply Chain

What’s smoking hot in cannabis insurance claims trends

February 24, 2021 by Jason Contant

Nearly two-and-a-half years after recreational marijuana was legalized in Canada, the country’s P&C insurance industry is starting to get a sense of the type of claims arising from the October 2018 legalization. The big issue right now is vaping, said

News CannabisCommercialEmerging RisksOntario

More consolidation expected in Ontario cannabis stores

August 11, 2020 by Tara Deschamps - THE CANADIAN PRESS

TORONTO – More than a year after winning the chance to open one of Ontario’s first cannabis stores through a provincial lottery, Lisa Bigioni has walked away from her Niagara Falls pot shop. The store had become like a second

News CannabisLegalOntarioRisk Managers

What happens if a condo client’s marijuana use offends the neighbours?

January 28, 2020 by Greg Meckbach

With the legalization of recreational cannabis, what happens when there is a dispute between neighbours in a condominium and how does a condo corporation or board handle it? A lot of condominium corporations have passed rules around odours, says Armand

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Why these homeowners lost their negligence lawsuit against a Hub brokerage

January 24, 2020 by Greg Meckbach

British Columbia’s top court recently sided with a Hub International brokerage in a case in which a client sued the brokerage and the insurer for coverage that was denied because a building damaged by fire contained a legal medical marijuana

News BrokersCannabisCommercialLegal

Why brokers need to keep abreast of regulatory changes for cannabis

January 3, 2020 by Jason Contant

Brokers with cannabis clients need to keep an eye on the changing legal landscape and cannabis companies’ evolving needs, paying particular attention to directors’ and officers’ liability, a managing general agency told Canadian Underwriter recently. Recreational cannabis became legal in

News CannabisEmerging Risks

First batch of legal marijuana edibles on their way for B.C.

December 20, 2019 by The Canadian Press

VICTORIA – British Columbia’s government says the first batch of legal marijuana edibles, extracts and topical will soon be available for purchase, two months after they were legalized in Canada. The province says it received its first shipments of the

Ontario legislature at Queen's Park in Toronto, Ontario government
News CannabisCommercialCommercial AutoOntario

Why thousands of unsafe commercial vehicles remain on Ontario roads

December 6, 2019 by Greg Meckbach

More than half of Ontario’s commercial vehicle carriers have not been inspected by the province’s transportation ministry in the past two years, and the number of vehicles inspected each year has dropped big-time. These were among the findings in the