Canadian Underwriter

Topic Emerging Risks

News ClaimsCommercialEmerging RisksManagementOperationsRisk Managers

Would your client actually buy a pandemic risk product?

February 25, 2021 by Jason Contant

Even if insurance products were available for pandemic risk specifically, several businesses say they wouldn’t anticipate becoming more dependent on risk financing or insurance as a result, according to the results of a global survey from Aon. Few companies have

News AlbertaB.C.CatastrophesEmerging RisksEnvironmentalSaskatchewanSupply Chain

Why Canada should invest in ‘macrogrids’ for greener, more reliable electricity

February 25, 2021 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: Brett Dolter, Assistant Professor, Economics, University of Regina; Blake Shaffer,

News CannabisClaimsCommercialEmerging RisksLiabilityLoss TrendsMGAsPropertySupply Chain

What’s smoking hot in cannabis insurance claims trends

February 24, 2021 by Jason Contant

Nearly two-and-a-half years after recreational marijuana was legalized in Canada, the country’s P&C insurance industry is starting to get a sense of the type of claims arising from the October 2018 legalization. The big issue right now is vaping, said

News CommercialEmerging RisksHRTrending

Nearly two-thirds of small businesses would use rapid testing of employees: survey

February 19, 2021 by The Canadian Press

OTTAWA – Nearly two-thirds of Canadian small businesses would consider using rapid testing to screen employees if it would help their business to stay open, says a recent survey. The Canadian Federation of Independent Business says 63 per cent would

News CyberEmerging RisksLiabilityTechnology

Audit finds ‘no formal tracking’ of IT security incidents at Public Safety Canada

February 17, 2021 by Jim Bronskill - THE CANADIAN PRESS

OTTAWA – An internal review has uncovered weak security practices when it comes to information technology at Public Safety Canada – from lax controls on the use of portable flash drives to inadequate awareness and training. The review found employees

News BrokersClaimsCyberEmerging RisksInsurersPersonal AutoPersonal HomeTrusted Advisor

How brokers can help personal cyber go mainstream

February 16, 2021 by Adam Malik

Although it will take some time, selling personal cyber insurance will come as naturally to brokers as selling home and auto insurance to customers, an expert predicts. Until that happens, however, it’s up to brokers to make sure that personal

News Emerging RisksLegalLiabilityRisk ManagersTrending

Internal data show surge in harassment complaints at Canada Revenue Agency, RCMP

February 11, 2021 by Christopher Reynolds - THE CANADIAN PRESS

OTTAWA – Complaints of workplace harassment and violence have risen sharply at several federal departments and agencies in recent years, according to internal data. The Canada Revenue Agency (CRA) saw harassment complaints jump 82 per cent to 166 between 2016-17

News ClaimsClaims Canada ArchiveCommercialCyberEmerging RisksLoss ControlLoss TrendsTechnology

What the P&C industry is telling Wall Street about cyber risk

February 9, 2021 by Greg Meckbach

Commercial insurers are taking a good look at their exposure to widespread cyber events and some are forming partnerships with tech vendors in the hopes of improving their clients’ cyber risk management. “The next pandemic – the exposure that looks

News B.C.CyberEmerging RisksLiabilityTechnology

B.C. health authority’s cybersecurity lacking on medical devices, says audit

February 9, 2021 by Jason Contant

VICTORIA – British Columbia’s auditor general says the Provincial Health Services Authority is not effectively managing cybersecurity threats for medical devices and has not evaluated the risk to patients. Michael Pickup says ineffective cybersecurity management means the authority can’t apply

News BrokersCommercialCommercial AutoEducationEmerging RisksEnvironmentalManagementPersonal AutoPersonal HomeTrending

Brokerage executives to examine COVID impact today and beyond

February 8, 2021 by Adam Malik

Brokers have been on the front lines while the global COVID-19 pandemic has tightened its grip on the economy and, in turn, brokers’ clients. Four leading national brokerage executives will take a look at what Canadian brokers can expect as

News Emerging RisksMergers and AqcuisitionsMGAs

Why there is very little MGA consolidation

February 8, 2021 by Jason Contant

Managing general agencies (MGAs) in Canada are currently engaging in very little mergers and acquisitions activity among themselves because the market is still growing organically and is less mature than in other countries, the managing director of the national MGA

News Emerging RisksOntarioRisk Managers

Two Toronto-area seniors homes limit visits over COVID-19 variant risk

February 4, 2021 by Holly McKenzie-Sutter - THE CANADIAN PRESS

Two Toronto-area retirement homes imposed restrictions on visitors coming from an Ontario region at the centre of a more potent COVID-19 outbreak over the weekend as officials in another district said the more contagious U.K. virus variant had surfaced there