Canadian Underwriter

Topic Commercial

Internet network and computer security
News CommercialCyberLoss ControlOperationsTechnology

3 strategies for improving your cybersecurity posture

April 19, 2024 by Jason Contant

Getting the basics right can help an organization improve its cybersecurity posture, a former intelligence officer at the Canadian Security Intelligence Service (CSIS) said during an industry event Thursday.  Three basic strategies — mitigate, separate and positive control — can

Oil and gas industry plant in the winter
News AlbertaCommercialEnvironmentalProperty

Report suggests little progress in first year of Alberta’s emissions reduction plan

April 19, 2024 by The Canadian Press

A survey from a clean energy think-tank says Alberta has done little to implement its plan to reduce its greenhouse gas emissions. The Pembina Institute has examined the measures included in the province’s plan released one year ago. It says

Fishing Storage Buildings on the Atlantic Coast
News ClaimsCommercialEmerging RisksPersonal AutoPersonal HomeProperty

Feds commit $15 million to flood insurance backstop. Is it enough?

April 18, 2024 by David Gambrill

Although the federal government committed to forge ahead with its long-awaited flood insurance backstop Tuesday, Canada’s property and casualty insurance industry notes the 2024 federal budget was light on details – and funding. The insurance industry has been negotiating with

Caregiver at a long term care home with a patient.
News BrokersClaimsCommercialInsurersTrending

What post-pandemic coverage looks like for healthcare providers

April 17, 2024 by Philip Porado

The word ‘soft’ doesn’t spring to mind when describing the current insurance market for Canada’s healthcare providers. But four years after the start of the COVID-19 pandemic, insurers are becoming more comfortable looking at, and writing, healthcare business. “We’re having

Gold bars in shopping trolley on wooden table with white wall background copy space.
News CommercialEmerging RisksRisk Managers

In the poly-crisis era, what are the odds of stagflation?

April 17, 2024 by David Gambrill

Often described by Canadian property and casualty risk professionals as ‘uncertain,’ ‘volatile,’ and even just plain ‘weird,’ the post-pandemic era now has a name — we’re in a poly-crisis. “Here’s a short definition of what poly-crisis means — it comes

Construction workers fighting on the job
News ClaimsCommercialConstructionEmerging RisksInsurersLegalLiability

How forensic engineers help resolve construction disputes

April 16, 2024 by Yasser Korany, KSI Engineering and Mina Tesseris, ArbiTECH

Canada’s construction sector, which accounts for 7.5% of the country’s GDP according to the Canadian Construction Association, is seeing a rise in construction claims and disputes. That’s partially due to the increasing technical sophistication of construction projects, escalating price of

Business growth concept
News BrokersCommercialManagementMergers and AqcuisitionsOntarioOperations

BrokerLink reveals 18-month growth target

April 16, 2024 by Jason Contant

BrokerLink aspires to increase its direct premiums written (DPW) by more than $1 billion over the next year-and-a-half. In 2023, BrokerLink surpassed $3.5 billion in DPW. “Our ambition is to be $5 billion by the end of 2025,” president Joe

Professional truck driver driving truck vehicle going for a long transportation route.
News CommercialCommercial AutoInsurers

How new commercial truck drivers can get better insurance rates

April 11, 2024 by David Gambrill

Mandatory entry-level training (MELT) for new commercial truck drivers needs to be implemented across Canada, and trucking companies must follow this up with mentorship and onboarding programs, a new report commissioned by the Insurance Bureau of Canada recommends. Plus, safety

Brokers need to streamline processes to get clients covered efficiently.
News BrokersCommercialCommercial AutoConstruction

3 building blocks for using new commercial lines tech

April 11, 2024 by Steve Whitelaw, Applied Systems Canada

Technological breakthroughs in commercial lines are helping brokers win over Canadian business owners seeking insurance coverage. Brokers can do three things to stand out in this crowded, competitive market. They can standardize their data capture, simplify their quoting and submission

Satellite taking images used for risk assessments
News BrokersClaimsCommercialLoss ControlLoss TrendsRisk ManagersTechnology

What’s the next frontier for assessing property risk?

April 10, 2024 by John Siegman, co-founder of HazardHub

Next-generation data, analytics and risk models are giving property risk assessment a much-needed facelift. The increased frequency and intensity of natural disasters, combined with population growth in NatCat-prone regions, is escalating property and casualty (P&C) insurers’ claims and losses. A

Scales of justice loaded with money symbolizing high cost of litigation legal action
News CommercialInsurersLegal

Small businesses face rising risk of litigation from Canadians

April 9, 2024 by Alyssa DiSabatino

Canadians are getting more litigious, and that means small business owners face a heightened risk of legal disputes, according to a recent survey by Zensurance.  The majority (69.3%) of Canadian consumers say they’d sue a small business if they were

Grain silos on a soybean farm
News BrokersCommercialMGAsTechnology

How brokers can harvest insurance capacity for farmers

April 4, 2024 by Alyssa Di Sabatino

One key element of creating a farm-specific MGA was the need to introduce proprietary technologies. Brokers of late have expressed concerns about the proliferation of new portals, which many see as a burden. “The first thing is acknowledging it is