Canadian Underwriter

Topic Supply Chain

Two cottages destroyed by Fiona in PEI
News CatastrophesClaimsEnvironmentalNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal HomePropertyQuebecSupply Chain

Atlantic Canada assesses damage from post-tropical storm Fiona

September 26, 2022 by Jason Contant

Post-tropical storm Fiona swept through Atlantic Canada and eastern Quebec this weekend, knocking out power to hundreds of thousands of people, washing away homes and cottages, and causing widespread flooding and infrastructure damage. While the insured and economic damages associated

The increased costs of inflation on auto insurance
News ClaimsInsurersOntarioPersonal AutoSupply Chain

Ontario auto: The impact of inflation on rate increases

September 22, 2022 by Jason Contant

Financial Services Regulatory Authority of Ontario’s (FSRA) recent approval of auto insurance rate increases for several insurers signals inflation may finally be making its way into the world of auto insurance prices, according to rate comparison site Ratesdotca. “Currently, FSRA

The word 'inflation' written on a keyboard with a Canadian flag
News InsurersLoss ControlSupply Chain

Inflation is cooling, but the Bank of Canada isn’t done its fight: economists

September 20, 2022 by Nojoud Al Mallees - THE CANADIAN PRESS

OTTAWA – Inflation in Canada is cooling faster than expected, but economists don’t expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.0 per cent in August, Statistics Canada said

White shelves empty except for two rolls of toilet paper in the bottom right corner
News BrokersEmerging RisksInsurersOperationsSupply Chain

Solutions for supply chain disruptions that will stop clients from “panic buying”

September 19, 2022 by Alyssa DiSabatino

Companies panic-buying supplies is one factor adding further stress to the supply chain, says one expert in a panel discussion at RIMS Canada Conference in Halifax. But solutions—like contingent business interruption (CBI), shipping via multiple methods and shrinking the supply

Industrial equipment at an LNG plant in Calgary
News AlbertaB.C.CommercialEmerging RisksEnvironmentalSupply Chain

A bridge to nowhere: Natural gas will not lead Canada to a sustainable energy future

September 14, 2022 by The Canadian Press

By Amy Janzwood, SSHRC Postdoctoral Fellow, Department of Political Science, University of British Columbia and Heather Millar, Assistant Professor, Department of Political Science, University of New Brunswick – THE CONVERSATION This article was originally published on The Conversation, an independent

Cargo ship on the St. Lawrence River
News CommercialOntarioQuebecSupply Chain

Navigating climate change: How shipping is adapting in the St. Lawrence

September 8, 2022 by The Canadian Press

By Claude Comtois, Professeur emerite de geographie, Universite de Montreal – 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

The Bank of Canada pictured in Ottawa
News InsurersSupply Chain

Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher

September 7, 2022 by The Canadian Press

OTTAWA – The Bank of Canada raised its key interest rate by three-quarters of a percentage point Wednesday and signalled this won’t be the last increase as it continues its battle against high inflation. The rate hike was in line

Concept of economic growth in Canada
News InsurersSupply ChainTrending

Canadian economic growth lags expectations in Q2; July estimate points to contraction

August 31, 2022 by The Canadian Press

OTTAWA – Economists expect the Bank of Canada to move forward with another aggressive interest rate hike next week after the release of data showing the economy remained in relatively good shape during the second quarter of the year. The

Woman repairing a car in an auto repair shop
News ClaimsLiabilityLoss ControlLoss TrendsPersonal AutoSupply Chain

Brokers: Do your clients have the right amount of vehicle loss-of-use coverage?

August 30, 2022 by Jason Contant

Although supply chain issues show some signs of easing, these challenges are still causing lengthy repair times for vehicles that extend well past standard loss-of-use coverage. In other words, clients may need to pay out of pocket for months’ worth

Container ship and pressurized natural gas carrier in a modern seaport
News CommercialSupply Chain

How marine & logistics insurance is evolving alongside the supply chain

August 29, 2022 by Jason Contant

Product orders from giant online retailers like Amazon are now being filled and shipped from Canada – proof the logistics chain is evolving. But this also means Canadian companies storing and shipping goods under contract for these retailers need protection,

Small business closed due to COVID-19
News Business InterruptionClaimsCommercialConstructionInsurersLoss TrendsPropertySupply Chain

Why the pandemic hit these Canadian sectors particularly hard

August 16, 2022 by Jason Contant

Hospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of

Taiwan military conducting live-fire drills
News Business InterruptionEmerging RisksLoss ControlLoss TrendsSupply ChainTrending

How China-Taiwan tensions are affecting Canada’s supply chain

August 15, 2022 by Jason Contant

Although there has been some easing in supply chain issues around the world, other disruptions are coming into play, a marine expert from Allianz Global Corporate & Specialty (AGCS) told Canadian Underwriter in an interview. One major disruption is escalating