Canadian Underwriter

Topic Construction

News Construction

Bigger may not always be better to insure

May 3, 2018 by David Gambrill

Supertall structures, buildings more than 300 metres high or 90 storeys tall, are in vogue right now, raising interesting insurance challenges, according to a recent industry trends report released by the Insurance Institute of Canada. “Increasingly complex high-rise building projects

News Construction

Bid for taller wood structures raises red flag for one insurer

April 3, 2018 by Greg Meckbach

Given a recent movement afoot to increase height limits for wood frame buildings in Canada, property insurance underwriters need to be wary of writing risks for such structures, an expert with one insurer notes. A private members’ bill (Bill 19)

News CatastrophesClaimsConstructionLegal

Court closes door on homeowner plan to build a basement walkout below a flood line

February 22, 2018 by Greg Meckbach, Associate Editor

A Grande Prairie, Alta.-area property owner who installed a basement door below the one-in-100-year flood line should replace it with a window above the flood line, the Alberta Court of Appeal has ruled, upholding efforts by the municipality to stop

News ConstructionLegal

Surety providers’ argument rejected by Supreme Court of Canada

February 19, 2018 by Greg Meckbach

An argument from a group of insurers and brokers – that construction contractors should not have a duty to inform subcontractors of the existence of a surety bond – has been rejected by the Supreme Court of Canada. In Valard

News CatastrophesClaimsConstruction

Fort McMurray embraces plan to bolster wildfire prevention in region

January 31, 2018 by The Canadian Press

FORT MCMURRAY, Alta. – Lawmakers in Fort McMurray have approved a plan to help prevent destructive wildfires such as the one that ravaged the community in 2016. The Regional Municipality of Wood Buffalo council says the five-year mitigation strategy includes

News CatastrophesConstruction

Your commercial client’s biggest exposure in 2018

January 19, 2018 by Jason Contant

Business interruption will be the top risk for companies in Canada this year, according to Allianz Global Corporate & Specialty’s (AGCS) Allianz Risk Barometer 2018. “Business interruption (BI) can be a consequence of many of the other risks identified in

News Construction

3 tips for advising your clients about construction work

January 12, 2018 by Greg Meckbach

Brokers advising property owners should bear in mind their clients may not be experts on construction and renovation, a managing general agency warns. Keeping this mind, brokers can guide clients through three processes when hiring contractors to do construction or

News CatastrophesClaimsConstructionInsurers

‘Resilient, but tired:’ Mental effects of wildfire lingering in Fort McMurray

December 18, 2017 by The Canadian Press

FORT MCMURRAY, Alta. – Firefighter Mark Stephenson says he can’t drive through Fort McMurray without being brought back to May 2016. That’s when, in the thick of battling a ferocious wildfire that destroyed 10 per cent of the northern Alberta

News ConstructionLegal

New legal risks of retaining contractors instead of employees

November 22, 2017 by Greg Meckbach, Associate Editor

Companies subject to Ontario labour laws could face an additional risk of fines, penalties and orders to pay severance to terminated contractors if labour enforcement staff conclude that independent contractors are actually employees, a lawyer warned Wednesday. With Bill 148,

News ConstructionLegal

How small code changes can reduce big water claims

November 15, 2017 by Jason Contant, Online Editor

With severe weather expected to get worse in the years ahead, introducing small changes into building codes is critical, the Institute for Catastrophic Loss Reduction’s (ICLR) managing director told Canadian Underwriter on Wednesday. “We are not talking about totally revamping

News Construction

Supreme Court of Canada hears surety bond dispute

November 8, 2017 by Canadian Underwriter

A construction subcontractor that was not fully paid and whose claim on a surety bond was denied had its case heard Tuesday before the Supreme Court of Canada. In 2009, Langford Electric Ltd. subcontracted directional drilling work to Valard Construction

News Construction

Transition of RSA Canada’s surety business to Trisura expected by year-end

November 1, 2017 by Jason Contant, Online Editor

The management teams of both Trisura and RSA Canada continue to work closely together to ensure a smooth transition of RSA’s contract and commercial surety business in Canada to Trisura Guarantee Insurance Company. “Our primary objective is to ensure minimal