Canadian Underwriter

Topic Supply Chain

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Annual inflation rate hits 30-year high, upping pressure on Bank of Canada

January 19, 2022 by Jordan Press - THE CANADIAN PRESS

OTTAWA – Headline inflation in Canada hit a 30-year high at the end 2021 with warnings from economists that the pace of price increases could rise even higher and stirring expectations of a central bank response before the month is

News Commercial AutoSupply Chain

Truckers say vaccine requirement for crossing border will exact economic toll

January 12, 2022 by Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – Truckers are warning that a Jan. 15 deadline requiring them to be vaccinated in order to enter Canada will put additional strain on supply chains amid the latest COVID-19 surge and severe worker shortages. As of Saturday, truck

News B.C.CatastrophesClaimsCommercial AutoSupply Chain

Key B.C. highway reopens to truck traffic after flood damage; rebuilds supply chains

December 21, 2021 by The Canadian Press

VANCOUVER – British Columbia’s “hobbled” supply chains received a major boost with the reopening of the primary transport route for goods heading to and from Metro Vancouver, a spokesman for the trucking industry said. The Coquihalla Highway between Hope and

News AdjustersB.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialInsurersLegalLiabilityLoss TrendsPersonal HomePropertyRisk ManagersSupply Chain

Strata owner not liable for common-area water damage

December 14, 2021 by Greg Meckbach

A strata corporation can’t recover $25,000 towards water damage repairs originating from a unit owner’s broken toilet water supply line, the British Columba civil resolution tribunal has ruled. On June 23, 2019, water leaked out of a strata lot. The

News CommercialInsurersLegalLiabilityPropertySupply Chain

Product recall insurance demand to rise in 2022, lawyers predict

December 10, 2021 by Canadian Underwriter Staff

Complex global supply chains, inconsistent regulations across jurisdictions, adoption of automation and the COVID-19 pandemic, will lead to a rise in product recalls, two Borden Ladner and Gervais lawyers said in a recent blog. “We predict 2022 will see more

News AlbertaCommercialEnvironmentalSupply Chain

Canada on track to reduce fossil fuel use by 62% by 2050

December 10, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – A new forecast says Canada is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues. In a new report on long-term Canadian energy supply

News ClaimsClaims Canada ArchiveCommercialEnvironmentalLegalLiabilityLoss TrendsOntarioRisk ManagersSupply Chain

Why pollution liability brokers should pay attention to this auditor general report

December 9, 2021 by Greg Meckbach

The Ontario government should re-visit a rule that leaves polluters off the hook for hazardous spills that cost less than $10,000 to clean up, the province’s auditor general suggests. In 2016, the Ontario environment ministry [now called the Ministry of

News InsurersLoss TrendsSupply Chain

Bank of Canada keeps key interest rate target on hold at 0.25%  

December 8, 2021 by Jordan Press - THE CANADIAN PRESS

OTTAWA – Canada’s central bank has sent a warning that increases in the cost of living would continue into next year, but signalled it wasn’t yet prepared to pull its key lever to rein in inflation.   The annual pace of inflation in

News AlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPropertySupply Chain

These socioeconomic factors are driving up property claims

December 7, 2021 by Greg Meckbach

Urbanization, the increasing popularity of solar panels and a greater awareness of what is covered insurance are among the factors driving an escalation of insured property losses, a speaker suggested at last week’s CatIQ Connect conference. “Urbanization means that we

Floods in Princeton, B.C. on Dec. 3, 2021
News AdjustersB.C.ClaimsClaims ProfessionalsEnvironmentalPersonal AutoPersonal HomeSupply Chain

B.C. moves to recovery management phase after floods; most military leaving province

December 7, 2021 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – British Columbia is shifting into repair and recovery mode following devastating floods and landslides caused by record rains that crippled transportation links, deluged agricultural operations and forced the evacuations of thousands of people, says the province’s public safety

News HROperationsSupply ChainTrending

Why a short-term approach to talent management doesn’t work anymore

November 26, 2021 by Jason Contant

It’s time employers get better at sourcing their own talent and actively developing their employees’ skills, two authors wrote in a blog from Harvard Business Review. “For decades, companies have adopted a short-term, ad hoc approach to talent management —

News BrokersCommercialMGAsSupply Chain

NFP’s Canadian offices partner with U.K. insurtech Loadsure

November 22, 2021 by Canadian Underwriter Staff

Broker and consultant NFP’s Canadian-based offices formed an exclusive partnership with U.K.-based Loadsure to obtain instant- and on-demand cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally. The agreement includes inland transit. NFP has over 800 employees