Topic Supply Chain
Border-crossing vaccine mandate adds to driver shortages, supply chain concerns
November 17, 2021 by Canadian Underwriter StaffBrokers are struggling to support their transportation clients as a new border-crossing vaccine mandate adds to driver shortages and supply chain concerns for an industry that’s already grappling with a host of prolonged concerns, a broker has said. The recent…
Annual inflation rate rises to 4.7% in October, Statistics Canada says
November 17, 2021 by Jason ContantOTTAWA – Statistics Canada says the annual pace of inflation in October rose to 4.7 per cent as the consumer price index posted its largest year-over-year gain since February 2003. The increase compared with a year-over-year increase in the consumer…
105 containers that fell off cargo ship believed to have sunk: coast guard
November 11, 2021 by The Canadian PressVICTORIA – The Canadian Coast Guard says it believes that many, if not all, of the 109 containers that fell from a cargo ship off Victoria in late October have sunk. The containers were tossed from the MV Zim Kingston…
Why D&O insurers need to focus on the ‘S’ in ESG
November 9, 2021 by Jason ContantThe ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have…
‘Remarkably resilient’ construction industry to be key driver in economic recovery
November 1, 2021 by Canadian Underwriter StaffDespite facing prolonged supply chain disruptions, rising materials costs and labour shortages, the construction industry is set to lead economic recovery from the COVID-19 pandemic globally, and in Canada. Although the near-term global economic outlook remains clouded by surging inflation…
Bank of Canada warns of prolonged inflation
October 27, 2021 by Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected. The central bank said Wednesday it now forecasts that…
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.