Canadian Underwriter

Topic Emerging Risks

Zero emission vehicle
News Emerging RisksEnvironmentalPersonal Auto

At least 70% of vehicle sales must be zero-emission to achieve Ottawa’s emissions plan: report

July 22, 2021 by The Canadian Press

OTTAWA – The C.D. Howe Institute says 70 to 75 per cent of Canadian passenger auto sales will have to be zero-emission vehicles by 2030 in order to achieve the federal government’s emissions targets.   The think tank says about 7.7

Cyberattack
News ClaimsCyberEmerging RisksLoss Trends

How the cyber threat landscape is evolving

July 16, 2021 by Jason Contant

Cyberattacks used to traditionally target specific industry sectors like healthcare, but one cyber insurance writer is now seeing a wide range of sectors in the line of fire. “When you look at our 2020 stats, we see a big difference

News ClaimsEmerging RisksInsurersLoss Trends

Why boat insurers are starting to feel more like car insurers these days

July 15, 2021 by Canadian Underwriter

Boats with high-tech safety gadgets are starting to look a lot more like cars nowadays — and that means more expensive and difficult repairs, as Aviva Canada reports. “The big trend we are seeing right now in watercraft is big

Autonomous vehicle driving on a highway
News ClaimsClaims ProfessionalsEmerging RisksInsurersPersonal AutoTechnology

Existing auto insurance system well-positioned to handle autonomous vehicle claims: Travelers Canada exec

July 14, 2021 by Jason Contant

Canada’s existing auto insurance structure is well-positioned to resolve claims and provide fair and timely compensation to accident victims when autonomous vehicles (AVs) are involved in a crash, a Travelers Canada executive said Monday. “The current auto insurance framework is

News ClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksLoss ControlLoss TrendsPersonal HomePropertySupply Chain

Why your clients’ basements will probably leak eventually

July 7, 2021 by Greg Meckbach

Homeowner clients are battling the elements just by living below the ground floor, and so they will need to act quickly if they notice water pooling in their basement, a building supply vendor suggests. “Creating a comfortable living space in

Young electrical engineer woman and business man standing in front of wind turbines checking and working about technical problems
News BrokersClaimsClaims ProfessionalsCommercialEmerging RisksInsurersLoss Trends

Old equipment causing new problems for insurers

June 30, 2021 by Adam Malik

Insurers are getting a front-row seat in learning the risks that come from aging renewable energy-producing equipment, says an industry expert. The last 15 years have seen a spark in growth in the area of renewable energy development, particularly in

News Emerging RisksEnvironmentalInsurersPersonal Auto

Feds says all new cars, light-duty trucks will be zero-emission vehicles by 2035

June 29, 2021 by Stephanie Taylor - THE CANADIAN PRESS

OTTAWA – The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric. Transport Minister Omar Alghabra announced Tuesday that by 2035 all new cars and light-duty trucks

News ClaimsClaims Canada ArchiveCommercial AutoEducationEmerging RisksLoss ControlLoss TrendsPersonal AutoTechnology

These highway features may encourage distracted driving

June 25, 2021 by Greg Meckbach

Medians and wide shoulders on highways could encourage distracted driving by giving drivers a false sense of security, transportation researchers suggest in a recent paper. “The combination and presence of a shoulder, median, higher speed limit, and extra lanes could

Travelling during COVID pandemic
News Emerging RisksInsurers

Travellers need to pay close attention when shopping for travel insurance: experts

June 25, 2021 by Salmaan Farooqui - THE CANADIAN PRESS

Canadians who are eager to be part of the first wave of travellers to head abroad once border restrictions ease should pay close attention to what their travel insurance will and will not cover, experts say. There may be many

News Business InterruptionCatastrophesClaimsCommercialEmerging RisksInsurersPersonal AutoPersonal HomeRisk Managers

UFO sightings: Are your clients covered for an alien invasion?

June 24, 2021 by David Gambrill

Recent talk about UFOs during the pandemic has caused the most conspiratorial among us to wonder if Canada’s property and casualty insurance industry is prepared for the most secretive of risks: An alien invasion of Earth. Film footage has emerged

Lumber yard
News ClaimsClaims ProfessionalsCommercial AutoConstructionEmerging RisksInsurersLoss ControlLoss TrendsPersonal HomePropertySupply ChainTrending

Aviva Canada exec predicts how long supply chain pressures will last

June 24, 2021 by Jason Contant

A supply chain bubble that is putting pressure on the Canadian P&C insurance industry should burst within a year or two and it’s just a matter of riding it out, an Aviva Canada claims executive suggested during a virtual fireside

2013 flooding in Calgary
News AlbertaCatastrophesEmerging RisksPersonal Home

Reservoir to protect Calgary from floods gets approval

June 24, 2021 by The Canadian Press

EDMONTON – The Natural Resources Conservation Board has approved a controversial reservoir that could protect Calgary from future flooding, ruling that it’s in the public interest. Alberta Transportation proposed the $432-million off-stream reservoir near the rural community of Springbank, Alta.,