Canadian Underwriter

Topic Emerging Risks

Feature CommercialEmerging RisksLegalOperationsRisk Managers

This is not a drill

May 1, 2020 by Canadian Underwriter Staff: Jason Contant, Greg Meckbach, Adam Malik and David Gambrill

Since mid-March, Canada’s P&C industry has been working from home and social distancing to slow the spread of the novel coronavirus. What have we learned so far that will help us prepare for the next pandemic?

News CyberEducationEmerging Risks

How will COVID-19 change cybersecurity?

April 27, 2020 by David Gambrill

The business email from your chief financial officer seems innocent enough: “Hey Larry, the client changed their bank account information. Can you send them money to their new bank account number?” Under ordinary circumstances — that is, before the novel

News BrokersCommercialCyberEmerging RisksTechnology

How to protect your clients from cybercriminals cashing in on COVID-19

April 8, 2020 by Jason Contant

Brokers advising clients on cyber insurance during the COVID-19 pandemic will want to make sure there is an appropriate loss of income coverage under the policy, similar to other lines of insurance, a specialist insurer said recently. “If we were

Feature ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialCyberEmerging RisksLegalLiabilityTechnologyTrusted Advisor

Mind the gap

April 4, 2020 by Emily Atkins, Freelance Writer

Is cyber coverage keeping up with the type, frequency and severity of attacks?

Feature Business InterruptionCommercialEmerging RisksLoss ControlLoss TrendsRisk Managers

Business, interrupted

April 3, 2020 by Brooke Smith, Freelance Writer

Businesses can lose revenue in any number of ways. Increasingly, they can be shut down for political risks that are beyond the company’s control. Examples of emerging business interruption risks include trade wars, armed conflicts, or political protests. As businesses

News ClaimsClaims Canada ArchiveCyberEmerging RisksRisk ManagersTechnology

How cybercriminals are targetting employees working from home

March 19, 2020 by David Paddon - THE CANADIAN PRESS

TORONTO – Cybersecurity experts are renewing their warnings that the COVID-19 crisis is a huge opportunity for criminals to take advantage of confusion as people are forced to work away from the office. A U.S. security firm says at least

News CannabisEmerging Risks

First batch of legal marijuana edibles on their way for B.C.

December 20, 2019 by The Canadian Press

VICTORIA – British Columbia’s government says the first batch of legal marijuana edibles, extracts and topical will soon be available for purchase, two months after they were legalized in Canada. The province says it received its first shipments of the

News CannabisClaimsEmerging RisksSupply Chain

If cannabis dies, how expensive could the claim get?

October 8, 2019 by Greg Meckbach

If a hydroponics system fails and it’s tomatoes or peppers that are spoiled, that’s one thing. But what happens if it’s a legal cannabis facility? “The impact of cannabis on the [property and casualty] industry remains to be seen. We

News CannabisClaims Canada ArchiveEmerging Risks

How should employers treat recreational marijuana use?

May 9, 2019 by Jason Contant

Employers should treat marijuana use in the workplace as they would alcohol use, a senior claims professional told Canadian Underwriter Monday. “All of the liability still exists,” said Heather Matthews, senior vice president of Crawford & Company (Canada)’s National Claims

News CommercialEmerging RisksMGAs

These Lloyd’s syndicates have shut down

March 27, 2019 by Greg Meckbach

Toronto-based Fairfax Financial Holdings is among the insurers who own Lloyd’s syndicates that were shut down at the end of 2018. The Corporation of Lloyd’s released Wednesday a list of the eight syndicates that stopped trading as of Dec. 31.

News CannabisClaimsEmerging RisksLegal

How recreational cannabis has created numerous challenges for insurers

March 14, 2019 by Greg Meckbach

Cannabis legalization is making things more complex for auto insurers and increasing risk for some commercial property clients, A.M. Best Company Inc. suggests in a recent report. About 25 insurers, most of whom are non-admitted, provide coverage for cannabis risks