Canadian Underwriter

Topic Supply Chain

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The shifting trends in cargo theft

October 13, 2021 by Jason Contant

The COVID-19 pandemic has affected a number of P&C insurance industry segments from auto to business interruption, and cargo theft is no exception. Large events such as the pandemic will result in shifts to the methods and types of goods

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Auto client loses GAP insurance coverage dispute

October 6, 2021 by Greg Meckbach

A New Brunswick judge ruled last week in favour of a guaranteed asset protection (GAP) insurance provider that denied a claim from a motorist who borrowed money to buy a vehicle which was later destroyed by fire. In 2017, Jason

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Tornado blows change through Ontario bylaws

October 5, 2021 by Jason Contant, Online Editor

Municipalities respond to series of tornadoes with new rules governing building construction.

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Which cyber risks lurk on the horizon?

September 23, 2021 by Canadian Underwriter Staff

As brokers grapple with an evolving cyber insurance market, one managing general agent is looking ahead to help the industry keep pace. George Bozanin, managing partner and head of business development with Coalition Insurance Canada, told Canadian Underwriter the post-pandemic

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Construction risk advice critical amidst continued supply chain issues

September 17, 2021 by Canadian Underwriter Staff

Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor

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Why this strata unit owner does not have to pay for common area damage

September 9, 2021 by Greg Meckbach

A British Columbia condo corporation that charged a unit owner $25,000 for common property repairs has been ordered to reverse $15,000 of the charge. Claire Adamson owns a strata unit which she rents out. Adamson lives at a different address.

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Canadian auto sales fall 11.4% in August due to shortages caused by chip issues

September 7, 2021 by The Canadian Press

TORONTO – Canadian auto sales continued to struggle last month, falling 11.4 per cent from the prior year, driven by vehicle shortages caused by semiconductor supply issues. According to estimates compiled by DesRosiers Automotive Consultants, Canadian light vehicle sales totalled

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Grocery store sticker shock hitting consumers as drought takes toll on crops

September 2, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – Canadians have started to pay more for groceries as severe drought drives up prices for agricultural commodities, and experts say more price hikes are likely this fall. At The Bon Ton Meat Market in Calgary, owner Greg Keller

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How will brokers fit into new online distribution models?

August 30, 2021 by Jason Contant

Editor’s Note: This story has been updated to include feedback from the Insurance Corporation of British Columbia.   Brokers will need to determine where they fit in as more consumers move to online and point-of-sale transactions, said Sarah Thompson, chief

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3 things that can reduce risk of property cat loss recurrence: Aviva Canada CEO

August 24, 2021 by Greg Meckbach

Fire resistant cement board siding, hail-resilient asphalt shingles and backwater valves are among the measures property owners can implement now to protect their assets from climate-related disasters, Aviva Canada CEO Jason Storah suggested Tuesday. “We have enough scientific data to

News ClaimsCommercialInsurersLoss TrendsSupply Chain

Why mega-ships are mega risks for marine insurers

August 16, 2021 by Jason Contant

The blocking of the Suez Canal by the Ever Given container ship in March shows that ever-increasing vessel sizes continue to pose a disproportionately large risk, said marine insurer Allianz Global Corporate & Specialty SE (AGCS). On Mar. 23, 2021,

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Swiss Re predicts record-high global insurance premiums by end of 2022

August 6, 2021 by Canadian Underwriter Staff

As the world economy steadily recovers from the COVID-19 pandemic, Swiss Re forecasts that global insurance premiums will reach a never-before-seen U.S.$7 trillion by the end of 2022. According to the global reinsurer’s recent World Insurance Sigma report, the pandemic