Canadian Underwriter

Topic Commercial

Picture of No Diving sign next to a lake
News B.C.ClaimsClaims Canada ArchiveCommercialLegalLiabilityRisk Managers

The case for tracking your risk advice

January 19, 2022 by David Gambrill

The City of Revelstoke, B.C., has been found 35% contributorily negligent for not adhering to a recommendation contained in a 2011 risk management audit, which advised to maintain painted ‘No diving’ signs on a raft in Williamson Lake Park. “The

News CommercialCyberInsurersTechnology

Six ways insurers can reduce ransomware risk

January 18, 2022 by Erin Kenneally

Cyber insurance was once seen as a bright spot for the commercial insurance industry, with lower loss ratios and higher profitability than other major areas of commercial coverage. Fast forward a few years and Fitch Ratings is reporting 2020’s direct

Woman checking her watch waiting for flight
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Flight delayed because the crew has COVID? You’re covered for that….

January 14, 2022 by Jason Contant

Insurtech Blink Parametric has partnered with Canadian managing general agent (MGA) AwayCare for real-time flight disruption coverage for Canadian travellers worldwide.   Blink announced the partnership with travel insurance provider AwayCare, which has offices in Ontario, Alberta, and British Columbia. The

News ClaimsCommercialOntario

One dead, five missing after explosion, fire at Ottawa tanker truck manufacturer

January 14, 2022 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – One man is dead and five people are missing after an explosion at an Ottawa tanker-truck manufacturer Thursday. Neil Greene, the owner and president at Eastway Tank Pump and Meter Ltd. said Friday he is “completely devastated.” “My

News CommercialEmerging RisksLiabilityMGAsTechnology

Intellectual property insurance can help smaller firms fight competitor lawsuits

January 11, 2022 by Maddi Brown, CFC Underwriting

A shift toward remote work has led businesses of all sizes to focus on the importance of their intellectual property (IP). There is more IP in existence today than ever, and in more areas as companies look for ways to

News CannabisCommercialPersonal Auto

Cannabis impaired driving: Here’s what we know about the risks of weed behind the wheel

January 11, 2022 by The Canadian Press

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 original site.   Authors: Dina Gaid, Post-doctoral fellow, School of Pharmacy, Memorial University of

News CommercialCyberInsurersMGAs

Using your personal device for work? Why that matters to cyber insurers

January 10, 2022 by Jason Contant

Insurers need to consider the hybrid workforce and employees using personal devices when reviewing a cyber risk, a managing general agent says. “Multi-factor authentication is critical as… employees access work email and networks remotely, sometimes even through a web application

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Excess of loss case should be heard in Canada, not New York: court

January 10, 2022 by David Gambrill

Several excess insurers have lost their bid to have a lawsuit take place in New York instead of Ontario in a mining insurance case brought before the Ontario Superior Court of Justice. Nine of 22 excess insurers argued that the

News AlbertaBrokersCommercialCommercial AutoMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Westland acquires brokerages in Ontario, Alberta

January 7, 2022 by Jason Contant

Westland Insurance has announced its first brokerage acquisitions of 2022 — Bunnell Hitchon Insurance Brokers in Ontario, and Rigby Insurance in Alberta. Bunnell Hitchon, in Brantford and Milton, Ont., was founded in 1890 and offers a wide range of personal

News BrokersCommercialOntarioPersonal AutoPersonal Home

Western Financial rings in New Year with acquisition

January 6, 2022 by Jason Contant

Western Financial Group began the New Year with the announcement that it has acquired a full-service brokerage located in southern Ontario. Western Financial’s latest acquisition of Wiesner Insurance Inc. “adds a significant commercial interest in Ontario,” the large brokerage said

News CommercialOntario

Businesses wants more government support amid latest Ontario COVID shutdown

January 6, 2022 by Holly McKenzie-Sutter - THE CANADIAN PRESS

TORONTO – Ontario businesses were hit with another round of pandemic-related closures and capacity restrictions Wednesday, but details of financial support remained scant as the measures took effect. Restaurants, gyms, cinemas and other indoor venues were forced to close while

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Meet Chubb’s new Canadian leaders

January 4, 2022 by David Gambrill

Paul Johnstone is now Chubb Canada’s chief operating officer, while Melanie Wilcox will succeed him in his former role as the head of personal risk services in Canada. “Paul and Melanie both bring extensive experience to their new roles,” John