Canadian Underwriter

Topic Supply Chain

Manufacturing plant
News ClaimsCommercialSupply Chain

Manufacturers look to budget for help on supply chain problems, domestic production

April 1, 2022 by Jordan Press - THE CANADIAN PRESS

OTTAWA – The federal Liberals are being asked to muscle space in next week’s budget to help Canada become more productive, and lay investments to lure new companies as part of a push to simplify pandemic-strained supply chains. For years,

European Union sanctions Russia.
News Business InterruptionClaimsCommercialEmerging RisksInsurersLegalOperationsSupply Chain

Ratings agency suspends commercial activities in Russia

March 30, 2022 by Philip Porado

Getting ahead of a European Union-imposed Apr. 15 sanctions deadline, a major global credit ratings agency specializing in the insurance industry has suspended all commercial activities in Russia. AM Best said it’s also withdrawn all credit ratings on reinsurance companies

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

Inflation concept
News Emerging RisksSupply ChainTrending

Bank of Canada says near-term inflation higher amid Ukraine war

March 25, 2022 by The Canadian Press

OTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday. In a speech by webcast to a conference at the U.S. Federal Reserve Bank

Container ship in sea
News Newfoundland & LabradorSupply Chain

Container ship the size of two football fields adrift off N.L., says coast guard

March 10, 2022 by The Canadian Press

ST. JOHN’S, N.L. – The Canadian Coast Guard says a container ship the length of two football fields is adrift off the west coast of Newfoundland. The agency said in an email Wednesday the 265-metre-long MSC Kim reported engine problems

Large distribution centre with many trucks
News ClaimsCommercialInsurersLiabilityLoss ControlSupply Chain

How supply chain back-ups are contributing to cargo theft

March 9, 2022 by Jason Contant

Supply chain disruptions and back-ups due to COVID-19 and other factors (such as a shortage of drivers or trucks to deliver product) are contributing to concerns around cargo theft, a transportation industry expert says. “When you have more [cargo] that’s

Picture of a pipeline in Alberta
News B.C.CommercialSupply Chain

Poilievre promises to build more pipelines, remove oil tanker ban in northern B.C.

March 4, 2022 by The Canadian Press

REGINA – Ottawa-area MP Pierre Poilievre says he would repeal what he calls Prime Minister Justin Trudeau’s “anti-energy” laws if he becomes the next leader of the Conservatives. Pierre told a campaign stop in Regina that if he becomes party

An above-ground section of Enbridge's Line 5
News EnvironmentalSupply Chain

Canada has existing options if Line 5 shuts down, environmental report argues

February 17, 2022 by James McCarten - THE CANADIAN PRESS

WASHINGTON – Viable alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down, says a new report from a Canadian environmental group looking to bridge the ideological gulf in the public debate over North America’s continuing

Man looking through an agreement
News CommercialLegalLiabilityOperationsSupply Chain

Indemnities can significantly increase the risk to your client

February 1, 2022 by Michael Carey

Corporations are increasingly using standard form agreements to conduct business with suppliers. If your client is faced with one, watch out for the inclusion of an unlimited indemnity. A standard form agreement provides several benefits to the corporation that drafts

'Omicron variant' written on test tube
News CommercialLoss ControlLoss TrendsPropertySupply Chain

Omicron variant raises uncertainty as companies downgrade forecasts  

February 1, 2022 by Christopher Reynolds - THE CANADIAN PRESS

The highly transmissible Omicron variant has prompted companies in the manufacturing and resource sectors to downgrade their earnings forecasts amid ongoing uncertainty linked to the COVID-19 pandemic.   Cascades Inc., the Quebec-based packaging and tissue company, said Monday it expects fourth-quarter

Face mask hanging on computer screen in empty office
News HRSupply ChainTrending

Returning to COVID-vacated offices comes with challenges

January 26, 2022 by Mark Cammisuli

Humans weren’t the only ones impacted by the pandemic. The buildings in which we work and live have been subjected to some neglect and we are likely to start seeing the effects of this as we return to our pre-pandemic

Magnifying glass looking at interest rates
News Emerging RisksInsurersLoss TrendsSupply Chain

Bank of Canada keeps key interest rate target on hold, but warns of looming hikes

January 26, 2022 by Jordan Press - THE CANADIAN PRESS

OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won’t stay there for much longer. The trendsetting rate has been at its rock-bottom level since March 2020