Canadian Underwriter

Topic Emerging Risks

News CyberEmerging RisksTechnology

Canada Revenue Agency suspends online services after cyberattacks

August 17, 2020 by Lee Berthiaume - THE CANADIAN PRESS

OTTAWA – The Canada Revenue Agency has temporarily suspended its online services after two cyberattacks in which hackers used thousands of stolen usernames and passwords to fraudulently obtain government services and compromise Canadians’ personal information. A total of 5,500 CRA

News Emerging RisksInsurersLegalLoss ControlOntarioPersonal AutoTechnologyTrending

Why it’s hard to make telematics ‘commercially viable’ in Canada

August 13, 2020 by Greg Meckbach

If regulators continue to prohibit auto insurers from imposing surcharges when they detect risky driving behaviour through telematics, it will be difficult for usage-based insurance to be commercially viable, an Aviva Canada data science expert suggests. “Telematics is a good

News Business InterruptionCommercialEmerging RisksLegalLoss TrendsRisk Managers

How the UK pandemic business interruption test case could play out

August 13, 2020 by Greg Meckbach

The industry will likely learn next month the outcome of a business interruption coverage test case arising from the COVID-19 pandemic, but the verdict is likely to be appealed, a Bermuda insurance CEO suggests. The British Financial Conduct Authority filed

News CannabisCommercialEmerging RisksOntario

More consolidation expected in Ontario cannabis stores

August 11, 2020 by Tara Deschamps - THE CANADIAN PRESS

TORONTO – More than a year after winning the chance to open one of Ontario’s first cannabis stores through a provincial lottery, Lisa Bigioni has walked away from her Niagara Falls pot shop. The store had become like a second

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Policies under the microscope

August 7, 2020 by Greg Meckbach, Associate Editor

How the outcome of a test case in Britain over business interruption coverage during COVID-19 may reverberate throughout the Canadian commercial P&C market

News CommercialEmerging RisksInsurersOperations

Aviva Canada’s approach to navigating the economic recession

August 7, 2020 by David Gambrill

Whether or not an economic recovery in Canada is just around the corner — speculation of which is fuelled by the developments in researching a COVID-19 vaccine — Aviva Canada is committed to sticking to its three-year financial targets established

Feature Claims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksLegalLoss ControlLoss TrendsRisk Managers

Fraudsters exposed in COVID-19

August 6, 2020 by Ephraim Stulberg, Partner, MDD Forensic Accountants

Here’s where, and why, insurers see more fraud claims being uncovered

Feature CommercialEducationEmerging RisksLoss ControlLoss TrendsRisk Managers

The new age of risk

August 5, 2020 by Adam Malik, Managing Editor

Post-pandemic, expect risk professionals to be called upon more often to find creative solutions for emerging issues

News BrokersCommercialConstructionCyberEmerging RisksMergers and AqcuisitionsRisk ManagersTrending

How Aon and Willis are progressing on proposed merger

August 4, 2020 by Greg Meckbach

The acquisition of Willis Towers Watson plc by Aon plc is on track to close in less than a year as Aon officials don’t seem concerned the deal will be blocked by competition regulators. “We are exactly on track with

News ClaimsCommercialEmerging RisksLoss ControlLoss TrendsManagementOperationsTrending

Canada’s arts and recreation businesses face greatest risk of closure: CFIB

July 30, 2020 by David Friend - THE CANADIAN PRESS

TORONTO – Canada’s struggling independent businesses in the arts, entertainment and recreational sectors are at the highest risk of permanently closing due to COVID-19, according to the Canadian Federation of Independent Business. A new report released by the advocacy group

News ClaimsClaims ProfessionalsCommercialEmerging RisksInsurersLegalLicensingLoss ControlLoss TrendsOntarioRisk Managers

New boiler inspection rules coming to Ontario agriculture

July 28, 2020 by Greg Meckbach

An exemption from inspection rules for boilers and pressure vessels in Ontario’s agricultural sector is coming to an end. Starting next year, boilers and pressure vessels will have to get a certificate of inspection from the province’s Technical Standards and

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Insurer working on future pandemic coverage for school boards, post-COVID

July 27, 2020 by Greg Meckbach

As the Ontario government prepares its school re-opening plan, the insurer for the majority of the province’s boards is working on a plan to provide pandemic coverage, albeit for future pandemics and not for COVID-19. Within the next six to