Canadian Underwriter

Topic Commercial

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Why you shouldn’t treat cyber policies like auto or property policies

January 14, 2021 by Adam Malik

Many brokers and insurers are treating cyber coverage the same way they would a generic home, auto or CGL cover, a cyber expert warns, and this is not only eroding the trust of clients, but also putting them at risk.

News CommercialLiabilityNova ScotiaOntarioRisk Managers

As workplace infections rise, employers grapple with ‘ambiguous’ mask rules

January 14, 2021 by Brett Bundale - THE CANADIAN PRESS

HALIFAX – On the factory floor, masks were optional. Until last month, workers at TEC Business Solutions’s corrugated packaging plant in Mississauga, Ont. underwent a COVID-19 screening, had a temperature check and sanitized their hands – but once inside and

News BrokersCommercialInsurersQuebec

Top 5 insurer expanding into Quebec commercial

January 13, 2021 by Greg Meckbach

Quebec brokers can now place commercial coverage with Wawanesa Mutual Insurance Company for policies starting Feb. 1. The Manitoba-based insurer announced Monday that it is offering commercial coverage in Quebec, making good on a promise made to the province’s brokers

News ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksHRLegalLiabilityLoss ControlLoss TrendsRisk Managers

How ‘take-home COVID’ can impact employers’ liability

January 13, 2021 by Greg Meckbach

COVID-19 can cause a commercial general liability claim if a commercial client is sued by the family member of a worker who has caught the disease at work and then infected family members, insurance law experts suggest. “Take-home COVID” is

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How COVID-19 vaccine side effects impact liability risk

January 12, 2021 by Greg Meckbach

Some people could suffer side effects from a COVID-19 immunization, but the vaccine manufacturers have a number of protections that minimize their liability risk, Canadian lawyers suggest. Prime Minister Justin Trudeau was quoted last week by The Canadian Press as

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLiabilityLoss ControlLoss TrendsRisk Managers

Three ways of reducing your client’s risk of false slip-and-fall claims

January 11, 2021 by Greg Meckbach

Installing video systems, keeping an eye out for obstructions on the property and asking claimants for all names they have used in the past are among the techniques your clients can use to protect themselves from fraudulent slip-and-fall claims. Slip

News BrokersCommercialCommercial AutoInsurersOperationsPersonal AutoPersonal Home

Opinion: Why you should pursue subrogation more often

January 7, 2021 by Wilfred Tioh, SIAdvisers Consulting & Solutions

The most lucrative opportunities are often hidden in plain sight, and that is true of subrogation. Subrogation has long been overlooked as an opportunity for insurers to generate a lucrative revenue stream and improve long-term business. A detailed investigation for first-party

News B.C.BrokersCommercialMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsPersonal AutoPersonal HomeQuebec

Brokerage M&A off to a strong start in 2021

January 7, 2021 by Jason Contant

Large Canadian brokerage Westland Insurance Group Ltd. now has a coast-to-coast presence with its acquisition of Storm Insurance Group, which has offices in Nova Scotia and Quebec. The deal, which closed Wednesday, is one of three acquisitions closed or announced

News ClaimsClaims TechnologyCommercialEmerging RisksEnvironmentalInsurersLoss TrendsPropertyRisk ManagersTechnology

Overcoming AI’s bias: Models are only as good as the data you feed into them

January 6, 2021 by Adam Malik

If people intend to use data to help mitigate risk or save lives, that data must be trustworthy, says an artificial intelligence expert. Sean Griffin, CEO and co-founder of Disaster Tech, a disaster risk data firm, pointed out during CatIQ

News Claims Canada ArchiveCommercialInsurersLegalLoss ControlLoss Trends

Impeding, hindering or preventing: Do these mean the same thing in business interruption insurance?

January 6, 2021 by Greg Meckbach

Say your client has a policy covering business interruption if the government prevents access to the premises. A pandemic breaks out. Say that client is not completely prohibited from conducting business, but is still losing sales because the government is

News Business InterruptionClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksLegal

The difference between pandemic BI coverage and pushing a bus off a cliff

January 5, 2021 by Greg Meckbach

Commercial clients who bought insurance covering a disease outbreak within 25 miles of their premises did not buy coverage for business interruption from a pandemic on a national scale, insurance company lawyers are telling the United Kingdom Supreme Court. Worldwide,

News CommercialInsurersOperationsPersonal AutoPersonal Home

The case for retaining clients instead of finding new ones

January 5, 2021 by Adam Malik

The insurance industry is putting a disproportionate amount of effort in bringing new customers to their business and not investing enough in client retention, which is a far more affordable strategy, says an industry observer. Further plaguing the industry is