Canadian Underwriter

Topic Construction

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Three insurers refuse deal to sell Canadian diamond mine for $166 million

October 13, 2020 by The Canadian Press

CALGARY – A deal to sell the suspended Ekati Diamond Mine in the Northwest Territories for about $166 million has fallen through after bond issuers refused to go along with it. Owner Dominion Diamond Mines ULC says the offer by

News ConstructionLegalLiabilityOntario

Consortium building Eglinton Crosstown takes government to court over COVID-19 issues

October 9, 2020 by John Chidley-Hill - THE CANADIAN PRESS

TORONTO – The consortium building a light-rail transit line across Toronto said Thursday that it was taking the provincial government to court over alleged delays and cost overruns related to COVID-19. Crosslinx Transit Solutions said it had filed an application

News AdjustersBrokersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialConstructionEmerging RisksLegalLiabilityOntarioRisk Managers

Appeal court dismisses lawsuit against Economical over additional insured endorsement

October 5, 2020 by Greg Meckbach

A solar energy developer has lost its appeal against Economical in a commercial coverage dispute regarding an additional insured, in which the policy wording referred to “liability arising out of the operations” of the insured. “Contractual insurance obligations and additional

News CommercialConstruction

Why the status quo can be dangerous in the construction insurance world

September 9, 2020 by Jason Contant

“We’ve always done it this way” are six dangerous words in the construction world, and equally dangerous for those trying to assess or procure adequate insurance for construction projects. “Doing what we’ve always done rarely is OK when we’re facing

News ClaimsClaims Canada ArchiveConstructionLegalLiabilityOntarioPersonal HomeProperty

Why these home buyers won a $100,000 lawsuit

September 8, 2020 by Greg Meckbach

A recent Ontario court ruling arising from a major structural defect in a cottage country home shows why a homeowner should get the vendor to complete a seller property information sheet (SPIS) before agreeing to a purchase. “The law can

News BrokersCatastrophesClaimsCommercialConstructionInsurersLoss TrendsProperty

COVID-19 compounds ongoing real estate insurance challenges

September 8, 2020 by Adam Malik

The global pandemic isn’t necessarily causing a large number of problems around insurance issues in the real estate sector, but it’s clogging up the pathway to making things better. “The way we’re thinking about real estate and insurance is that,

News BrokersClaimsCommercialConstructionInsurersProperty

How your advice can help flood-proof future real estate development

August 26, 2020 by Adam Malik

There’s not enough collaboration between stakeholders in Canada’s real estate sector and risk professionals with information about natural hazards, and real estate investments could drown as a result, an expert warned. If real estate is constantly being exposed to damage

News BrokersCommercialConstructionCyberEmerging RisksMergers and AqcuisitionsRisk ManagersTrending

How Aon and Willis are progressing on proposed merger

August 4, 2020 by Greg Meckbach

The acquisition of Willis Towers Watson plc by Aon plc is on track to close in less than a year as Aon officials don’t seem concerned the deal will be blocked by competition regulators. “We are exactly on track with

News ConstructionLegal

How Ontario is responding to surety writers’ COVID-19 concern

April 14, 2020 by Greg Meckbach

Concerns from surety bond providers have prompted the Ontario government to make one change, effective this Thursday, to the state of emergency during the pandemic. As it stands, an emergency order suspending limitations means liens against construction projects technically never

News Construction

How to help construction clients who are no longer deemed “essential services”

April 6, 2020 by Adam Malik

Ontario brokers can expect to receive calls from their clients in the province’s construction industry, some of whom were recently de-listed from the province’s essential services list. Under pressure to reduce the spread of COVID-19 in Ontario, the province recently

News Construction

How COVID-19 impacts surety bond placement

March 26, 2020 by Greg Meckbach

Placing surety bonds has become more challenging with the social distancing precautions underway with the COVID-19 pandemic, but it is possible to do this electronically, says an association representing insurers who write surety bonds. Surety bonds can now be placed

News BrokersConstructionRisk ManagersTechnology

Why brokers need to change cyber talking points for each client

December 6, 2019 by Jason Contant

Brokers need to focus their cyber insurance selling efforts on more than just traditional privacy risks and tailor them to specific industries, a specialist insurer said Wednesday. “Cyber is about way more than just privacy and if you explain to