Canadian Underwriter

Topic Emerging Risks

Travelling during COVID pandemic
News Emerging RisksInsurers

Travellers need to pay close attention when shopping for travel insurance: experts

June 25, 2021 by Salmaan Farooqui - THE CANADIAN PRESS

Canadians 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

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UFO sightings: Are your clients covered for an alien invasion?

June 24, 2021 by David Gambrill

Recent 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

Lumber yard
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Aviva Canada exec predicts how long supply chain pressures will last

June 24, 2021 by Jason Contant

A 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

2013 flooding in Calgary
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Reservoir to protect Calgary from floods gets approval

June 24, 2021 by The Canadian Press

EDMONTON – 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.,

News Commercial AutoEmerging RisksLegalLiabilityPersonal Auto

Why ridesharing makes motor vehicle accident claims more complex

June 21, 2021 by Greg Meckbach

Inspecting 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

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Why liability insurance did not cover the defence of a remediation order

June 18, 2021 by Greg Meckbach

An eastern Ontario municipality does not have coverage with any of its four former liability insurers for a dispute with the provincial environment ministry over alleged pollution occurring more than six decades ago. That’s because the insurance policies in question

News Emerging RisksHRLegalLiabilityManagementOperationsTrending

Staff vaccine status discussions, disclosures pose challenges for businesses

June 17, 2021 by Danielle Edwards - THE CANADIAN PRESS

HALIFAX – Cynthia Fernandez said her personal sense of responsibility for the safety of her clients led her to publicly disclose that her staff were vaccinated against COVID-19 earlier this spring. “I think a lot of people are nervous still

News Emerging RisksHRManagementOperationsTrending

How to create effective, engaged workplace teams after the COVID-19 pandemic

June 16, 2021 by Matthias Spitzmuller, Associate Professor and Toller Family Fellow of Organizational Behaviour, Queen's University, Ontario

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.   Well into the pandemic’s second year, we are beginning to

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Look back, but not too far: Why some perils need a new approach 

June 14, 2021 by Jason Contant

The insurance industry needs to look at the “more recent past” and take a shorter-term view of catastrophic perils to see their effects going forward, Swiss Re told Canadian Underwriter recently.   “When we’re looking at recent events, including the 2020

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How to be really customer-centric: Lessons from the global insurance market

June 11, 2021 by Jason Contant

Canada’s property and casualty insurance industry should look towards the global insurance market for some insights about how to increase take-up rates, particularly among marginalized and low-income people, speakers said Thursday at the CatIQ Connect virtual conference. In the global

Hand holding chooses wooden block cubes with risk word. Risk management concept.
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How the hard market is changing commercial underwriting

June 9, 2021 by Greg Meckbach

The ongoing hard market means underwriters are asking commercial clients more in-depth questions about their organizations’ risk management practices and culture, suggests the new CEO of the Canadian Universities Reciprocal Insurance Exchange. “We are very much in a hard market,”

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Why Canada could be in the path of stronger hurricanes in the future

June 7, 2021 by Jason Contant

Canada could see heightened hurricane risk in the future, as climate change and fluctuations in ocean temperature are increasing the likelihood of stronger hurricanes making landfall further north, according to Swiss Re. “We see an increased likelihood of intense hurricanes