Topic Supply Chain
Risk management more important than ever to middle market firms, yet few turn to brokers for advice: Chubb report
October 22, 2021 by Canadian Underwriter StaffRisk management has become a top concern for middle market companies surveyed following more than a year of pandemic and other related business disruption, data from Chubb has shown. According to Chubb’s Middle Market Indicator for Q2 2021, which surveyed…
Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill
October 20, 2021 by The Canadian PressST. JOHN’S, N.L. – Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board…
Businesses see higher inflation, wages and job changes, Bank of Canada reports
October 18, 2021 by Jordan Press - THE CANADIAN PRESSOTTAWA – Consumers and businesses expect increases in the cost of living to stay hot over the next year, the Bank of Canada says as part of surveys results that also show people more willing to search for new jobs,…
The shifting trends in cargo theft
October 13, 2021 by Jason ContantThe 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…
Auto client loses GAP insurance coverage dispute
October 6, 2021 by Greg MeckbachA 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…
Tornado blows change through Ontario bylaws
October 5, 2021 by Jason Contant, Online EditorMunicipalities respond to series of tornadoes with new rules governing building construction.
Which cyber risks lurk on the horizon?
September 23, 2021 by Canadian Underwriter StaffAs 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…
Construction risk advice critical amidst continued supply chain issues
September 17, 2021 by Canadian Underwriter StaffAdvising 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…
Why this strata unit owner does not have to pay for common area damage
September 9, 2021 by Greg MeckbachA 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.…
Canadian auto sales fall 11.4% in August due to shortages caused by chip issues
September 7, 2021 by The Canadian PressTORONTO – 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…
Grocery store sticker shock hitting consumers as drought takes toll on crops
September 2, 2021 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – 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…
How will brokers fit into new online distribution models?
August 30, 2021 by Jason ContantEditor’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…