Topic Emerging Risks
Why e-sports could be insurance’s next big opportunity
July 14, 2020 by Adam MalikOpportunities for insurance in the e-sports space has grown to a point where it can’t be ignored, says an industry observer. Video gaming is at an all-time high during the COVID-19 pandemic, according to information collected by data and measurement…
Nova Scotia university asks students to sign controversial COVID 19 waiver
July 14, 2020 by Michael Tutton - THE CANADIAN PRESSHALIFAX – A group of students, alumni and some staff at St. Francis Xavier University are pushing back against a legal waiver that students are required to sign if they want to return to classrooms in the fall amid a…
The Way Forward
July 14, 2020 by David Gambrill, Editor in ChiefI 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…
Why hackers are zeroing in on your manufacturing clients
July 10, 2020 by Adam MalikOnline 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…
More than half of Canadians have experienced a cyber crime: new policy group
July 10, 2020 by THE CANADIAN PRESSTORONTO – 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…
Ontario premier’s stance on liability protection from pandemic
July 8, 2020 by Greg MeckbachIt 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…
More class actions headed to court over pandemic business interruption
July 7, 2020 by Greg MeckbachClass 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)…
Quebec health minister threatens to lock down bars if COVID rules are violated
July 7, 2020 by Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – 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…
Lloyd’s proposes “open source” frameworks for future pandemic coverage
July 6, 2020 by David GambrillLloyd’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…
How liability for deductibles on strata claims is changing in B.C.
July 3, 2020 by Greg MeckbachStrata 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…
Return Migration
June 29, 2020 by David Gambrill, Editor in ChiefThroughout 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.
Brokers urged to stay on top of coverage changes as businesses re-open
June 22, 2020 by David GambrillBrokers 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…