Canadian Underwriter

Topic Emerging Risks

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News BrokersCommercialCyberEmerging RisksLiability

Eyes in the sky: coverage for drone usage

September 21, 2021 by Brooke Smith

Unmanned aerial vehicles (UAVs) — known commonly as drones — were originally a tool solely for the military. Now they’re used regularly for civilian purposes such as photography, monitoring traffic and fighting fires, said Janarthan Sivarajah, senior new business manager,

News ClaimsCommercialCyberEmerging RisksTechnology

Pandemic leading to ‘ticking time bomb’ for cybersecurity

September 17, 2021 by Jason Contant

Most IT teams believe that working from home has become a “ticking time bomb” that might lead to a corporate network breach, according to a recent survey from HP Inc. The HP Wolf Security Rebellions & Rejections report, released Sept.

News B.C.CatastrophesClaimsEmerging RisksOntarioQuebec

Contrary to popular belief, Eastern Canada is more at risk of earthquakes than perceived

September 16, 2021 by The Canadian Press

By Jeremy Rimando, Postdoctoral Research Fellow, Structural Geology and Tectonics, McMaster University and Alexander Lewis Peace, Assistant Professor (Structural Geology), McMaster University – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news,

News CyberEmerging RisksHRTechnology

Is your IT team compromising security for business continuity?

September 13, 2021 by Jason Contant

A vast majority (91%) of IT teams surveyed across Canada and other countries felt pressure to compromise security for business continuity, admitting that security took a backseat to business continuity during the pandemic, a new report from HP Inc. reveals.

News EducationEmerging RisksHRLegalLiabilityOperations

Mandatory vaccination: Is it right for your P&C workplace?

September 11, 2021 by Jason Contant

An increasing number of organizations have been mandating that their workers get vaccinated, while many others are trying to decide whether to follow suit. For those still deliberating their options, the decision could have a significant impact on short-term productivity

News Emerging RisksHRLiabilityOperations

Return of events pushes hosts to address vaccination, COVID tests and masks

September 9, 2021 by Tara Deschamps - THE CANADIAN PRESS

TORONTO – When Sept. 11 comes, Natasha Koifman’s backyard will be awash with chatter and music as up to 100 guests gather for an elegant dinner meant to raise funds for Haitians to access education. But the public relations maven’s

News AlbertaBusiness InterruptionCatastrophesClaimsClaims ProfessionalsEmerging RisksPersonal AutoPersonal HomePropertyRisk Managers

How the hail peril is changing

September 8, 2021 by Jason Contant

Once confined mostly to “hail alley” regions such as south and central Alberta, Texas and Colorado, hailstorms are now doing damage across North America in plenty of regions considered low-risk, says a new white paper from RIMS, the risk management

News ClaimsCommercialCyberEmerging RisksLiability

Cyber insurance caught in “perfect storm” as losses surge: Coalition Canada

September 7, 2021 by Canadian Underwriter Staff

Correction: This article has been corrected to reflect that Coalition Canada has not sub-limited its ransomware coverage. We regret the error. The cyber insurance industry is battling “a perfect storm between widespread technology risk, increased regulations, increased criminal activity and

News BrokersCommercialEmerging RisksInsurersTechnology

What is your unique competitive advantage?

September 3, 2021 by Jason Contant

Canada’s P&C broker and insurer channels aren’t going anywhere, but their ranks will thin and success will be determined through successful technological partnerships, the CEO of an online commercial brokerage suggested. “If you don’t bring something uniquely valuable to the

insurtech
News BrokersEmerging RisksTechnology

Insurtechs: Disruptors or partners?

September 2, 2021 by Jason Contant

Insurtechs are playing a game of collaboration and not combativeness within the insurance industry, the chief executive officer of an online commercial insurance brokerage said recently. “If you look at every insurtech, we pretty much always have to partner with

point of sale transaction
News BrokersEmerging RisksSupply ChainTechnologyTrusted Advisor

How will brokers fit into new online distribution models?

August 30, 2021 by Jason Contant

Editor’s Note: This story has been updated to include feedback from the Insurance Corporation of British Columbia.   Brokers will need to determine where they fit in as more consumers move to online and point-of-sale transactions, said Sarah Thompson, chief

intellectual property
News BrokersEmerging RisksLiabilityMGAsTechnology

Why now is the time for brokers to talk about intellectual property insurance 

August 27, 2021 by Jason Contant

While the technology and life sciences sectors have been traditional areas of focus for intellectual property (IP) insurance, one specialist insurance provider says now is the time for brokers to open up discussions to include other industries. Maddi Brown, intellectual