Canadian Underwriter

Topic Emerging Risks

News CommercialCyberEmerging RisksTechnology

Small business clients are making these cyber security errors

April 16, 2021 by Greg Meckbach

Failure to install patch updates, relying too much on passwords, and failure to train employees are three sources of cyber security losses all too common among small business clients, a technology vendor suggests. One of the most common cyber security

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Etiquette for asking if your employees are vaccinated

April 9, 2021 by Greg Meckbach

Asking your workers whether or not they got their COVID-19 vaccine shot is not necessarily a good idea. “If you are going to require employees to disclose their vaccination status, you need to consider the nature of the workplace,” said

News CommercialEmerging RisksInsurersRisk ManagersTechnology

The future of carbon removal insurance: As big as oil and gas?

April 1, 2021 by David Gambrill

Carbon removal is poised to become a booming industry over the next 30 years, providing an opportunity for innovative P&C insurers to pioneer in carbon removal insurance products, Swiss Re’s chief risk officer predicts. “By 2050, the industry of carbon

News CatastrophesClaimsEmerging RisksInsurersRisk Managers

Pandemic distraction: Is Canada ready for the next big disaster?

March 30, 2021 by David Gambrill

Focused narrowly on responding to the COVID-19 global pandemic — and preparing for the next one — Canada may be losing sight of preparing for other, potentially more likely disaster scenarios, P&C insurance industry executives commented at the Swiss Re

Solar panel and wind turbine farm clean energy.
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The biggest property risks for green energy

March 29, 2021 by Greg Meckbach

Floods, hail, fire, and lightning strikes are among the concerns for underwriters who insure green energy projects, an expert with RSA Canada says. And also, solar panel placement. Perhaps not many would link solar panel placement with flood risk, but

News B.C.Emerging RisksLiability

B.C. pilot study to allow electric kick scooters to operate legally in six cities

March 25, 2021 by Nick Wells - THE CANADIAN PRESS

VANCOUVER – A newly approved pilot project will allow electric kick scooters to legally cruise the streets and bike paths of six British Columbia municipalities. Transportation Minister Rob Fleming said Tuesday the pilot project is all about looking at emerging

News Emerging RisksHROperationsTrending

The demographic suffering most during remote work

March 23, 2021 by Jason Contant

Very young workers at your brokerage or insurance company are the “overlooked demographic” that may be suffering the most as we pass the one-year anniversary of working from home during the pandemic, according to a recent survey from Microsoft Corp.

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How vaccine rollout impacts commercial risk management

March 22, 2021 by Greg Meckbach

If your commercial clients are bringing more workers back into the office, risk managers might be curious as to whether returning workers have received any of their COVID-19 vaccine shots. But before your clients ask their employees about their vaccine

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What to tell clients when home insurer asks if property was previously a grow-op

March 18, 2021 by Greg Meckbach

Home insurance clients who move to a new property should have the premises inspected and let the insurer know if there are signs it has been used to grow cannabis. “If a home was a former cannabis grow-op, likely pipes

News CommercialEmerging RisksLiabilityMGAsTechnology

Why MGAs are becoming attractive options for investment firms

March 18, 2021 by Jason Contant

A United Kingdom-based investment firm has invested CAD$2 million into a Canadian managing general agent — and previews that there’s more to come. Arete Capital Partners announced last week that its investment in Shore Underwriting — which specializes in insurance

News CyberEmerging RisksTechnology

Watchdog says some Microsoft Exchange servers in Canada affected by security gap

March 17, 2021 by David Paddon - THE CANADIAN PRESS

TORONTO – Canada’s main cybersecurity watchdog has issued another warning that organizations of all sizes need to protect themselves from a recently discovered vulnerability in Microsoft Exchange email servers. The Canadian Centre for Cyber Security said it has received reports

News Business InterruptionCommercialCommercial AutoCyberEmerging RisksSupply Chain

Are you offering insurance products that your clients want during the pandemic?

March 16, 2021 by Jason Contant

Seven in 10 consumers and small business owners want home protection and usage-based insurance policies for the current remote working environment, a recent survey from Ernst & Young found. “With consumers spending more time at home and online, new concerns