Topic Emerging Risks
How the cyber threat landscape is evolving
July 16, 2021 by Jason ContantCyberattacks used to traditionally target specific industry sectors like healthcare, but one cyber insurance writer is now seeing a wide range of sectors in the line of fire. “When you look at our 2020 stats, we see a big difference…
Why boat insurers are starting to feel more like car insurers these days
July 15, 2021 by Canadian UnderwriterBoats with high-tech safety gadgets are starting to look a lot more like cars nowadays — and that means more expensive and difficult repairs, as Aviva Canada reports. “The big trend we are seeing right now in watercraft is big…
Existing auto insurance system well-positioned to handle autonomous vehicle claims: Travelers Canada exec
July 14, 2021 by Jason ContantCanada’s existing auto insurance structure is well-positioned to resolve claims and provide fair and timely compensation to accident victims when autonomous vehicles (AVs) are involved in a crash, a Travelers Canada executive said Monday. “The current auto insurance framework is…
Why your clients’ basements will probably leak eventually
July 7, 2021 by Greg MeckbachHomeowner clients are battling the elements just by living below the ground floor, and so they will need to act quickly if they notice water pooling in their basement, a building supply vendor suggests. “Creating a comfortable living space in…
Old equipment causing new problems for insurers
June 30, 2021 by Adam MalikInsurers are getting a front-row seat in learning the risks that come from aging renewable energy-producing equipment, says an industry expert. The last 15 years have seen a spark in growth in the area of renewable energy development, particularly in…
Feds says all new cars, light-duty trucks will be zero-emission vehicles by 2035
June 29, 2021 by Stephanie Taylor - THE CANADIAN PRESSOTTAWA – The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric. Transport Minister Omar Alghabra announced Tuesday that by 2035 all new cars and light-duty trucks…
These highway features may encourage distracted driving
June 25, 2021 by Greg MeckbachMedians and wide shoulders on highways could encourage distracted driving by giving drivers a false sense of security, transportation researchers suggest in a recent paper. “The combination and presence of a shoulder, median, higher speed limit, and extra lanes could…
Travellers need to pay close attention when shopping for travel insurance: experts
June 25, 2021 by Salmaan Farooqui - THE CANADIAN PRESSCanadians who are eager to be part of the first wave of travellers to head abroad once border restrictions ease should pay close attention to what their travel insurance will and will not cover, experts say. There may be many…
UFO sightings: Are your clients covered for an alien invasion?
June 24, 2021 by David GambrillRecent talk about UFOs during the pandemic has caused the most conspiratorial among us to wonder if Canada’s property and casualty insurance industry is prepared for the most secretive of risks: An alien invasion of Earth. Film footage has emerged…
Aviva Canada exec predicts how long supply chain pressures will last
June 24, 2021 by Jason ContantA supply chain bubble that is putting pressure on the Canadian P&C insurance industry should burst within a year or two and it’s just a matter of riding it out, an Aviva Canada claims executive suggested during a virtual fireside…
Reservoir to protect Calgary from floods gets approval
June 24, 2021 by The Canadian PressEDMONTON – The Natural Resources Conservation Board has approved a controversial reservoir that could protect Calgary from future flooding, ruling that it’s in the public interest. Alberta Transportation proposed the $432-million off-stream reservoir near the rural community of Springbank, Alta.,…
Why ridesharing makes motor vehicle accident claims more complex
June 21, 2021 by Greg MeckbachInspecting the accident scene early and downloading black box data are among the tactics insurance lawyers use to defend ride share tort claims, lawyers suggested to A.M. Best Company Inc. “Rideshare cases often involve multiple parties and different causes of…