Canadian Underwriter

Topic Emerging Risks

Feature EditorialEmerging Risks

The Way Forward

July 14, 2020 by David Gambrill, Editor in Chief

I remember the day everything changed. It was two days after the World Health Organization declared the novel coronavirus to be a global pandemic. On that Friday, Canadian Underwriter prepared for what has turned out to be a three-month stint

News BrokersCommercialEmerging RisksInsurersTechnology

Why hackers are zeroing in on your manufacturing clients

July 10, 2020 by Adam Malik

Online hackers are targeting manufacturers because they’re between a rock and a hard place: Pay up or see operations grind to a halt. All sectors are susceptible to data breaches, ransomware attacks and phishing, but criminals are narrowing their focus

News AdjustersClaims Canada ArchiveClaims ProfessionalsCyberEmerging RisksLegalLoss ControlLoss TrendsRisk ManagersTechnology

More than half of Canadians have experienced a cyber crime: new policy group

July 10, 2020 by THE CANADIAN PRESS

TORONTO – A new policy group estimates more than half of all Canadians know they’ve been a victim or target of a cyber crime, such as a leak of personal information, an account hack or installation of malware. The report

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksLegalLiabilityLoss ControlLoss TrendsOntario

Ontario premier’s stance on liability protection from pandemic

July 8, 2020 by Greg Meckbach

It is not clear yet whether the Ontario government will grant any protection for liability arising from COVID-19, but the province will not protect “bad actors” in the long-term care or nursing home sector, a spokesperson for Premier Doug Ford

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksLegalLoss TrendsTrending

More class actions headed to court over pandemic business interruption

July 7, 2020 by Greg Meckbach

Class actions asserting pandemic BI insurance coverage are starting to mount in the ‘In’ baskets of Canada’s insurance defence bar. Most recently, Koskie Minsky announced July 6 that it will be one of two firms (the other being Merchant Law)

News CommercialEmerging RisksLegalLiabilityLicensingLoss ControlLoss TrendsOperationsQuebecRisk ManagersTrending

Quebec health minister threatens to lock down bars if COVID rules are violated

July 7, 2020 by Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – Quebec’s health minister threatened owners of bars and other venues across the province on Monday, saying he won’t hesitate to shut them down if COVID-19 public health directives are not followed. Describing the scenes at some establishments over

News Business InterruptionCatastrophesClaimsCommercialEmerging RisksInsurers

Lloyd’s proposes “open source” frameworks for future pandemic coverage

July 6, 2020 by David Gambrill

Lloyd’s of London is proposing three “open-source frameworks” to provide a blueprint for better protecting society against systemic catastrophic events such as pandemics, after noting the market will pay out between $3 billion and $4.3 billion to its global customers

News AdjustersB.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksLegalLiabilityLoss ControlLoss TrendsPersonal HomePropertyRisk ManagersTrending

How liability for deductibles on strata claims is changing in B.C.

July 3, 2020 by Greg Meckbach

Strata unit owners might see a reduction in liability risk for common-area damage if a recently-tabled bill is passed in British Columbia. “Right now, if a water pipe bursts in a bathroom due to manufacturer error and leaks beyond common

Feature BrokersEmerging RisksLoss ControlLoss TrendsManagementTrending

Return Migration

June 29, 2020 by David Gambrill, Editor in Chief

Throughout Canada, provinces are starting a phased re-opening of the economy (albeit some regions are in more advanced stages than others). Doron Melnick, partner in KPMG’s
people and change advisory services practice, is advising businesses on how to return to the office while the global novel coronavirus remains a threat.

News BrokersClaimsCommercialCommercial AutoCyberEmerging RisksInsurersLegalLiability

Brokers urged to stay on top of coverage changes as businesses re-open

June 22, 2020 by David Gambrill

Brokers are advised to be aware of the “second wave” — and that doesn’t refer to the anticipated increase in the number of novel coronavirus infections in the fall. No, brokers are now being cautioned about the new wave of

News Business InterruptionClaimsEmerging RisksLegalLiabilityRisk Managers

A new trend for BI coverage dispute lawsuits

May 28, 2020 by Greg Meckbach

Commercial insurers who deny business interruption claims during COVID-19 could be sued by clients whose legal fees come from third-party litigation funding providers, an industry watcher suggests. “One thing that is happening now is a lot of insurance companies are

News CyberEmerging RisksTechnology

The ‘hidden’ cyber risks of remote work

May 1, 2020 by Greg Meckbach

Commercial clients are vulnerable to hidden risks when they have large numbers of people suddenly working remotely or from home in a disaster, as we are seeing in the pandemic, experts told brokers listening in to Canadian Underwriter’s latest webinar.