Topic Emerging Risks
A new trend for BI coverage dispute lawsuits
May 28, 2020 by Greg MeckbachCommercial 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…
The ‘hidden’ cyber risks of remote work
May 1, 2020 by Greg MeckbachCommercial 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.…
This is not a drill
May 1, 2020 by Canadian Underwriter Staff: Jason Contant, Greg Meckbach, Adam Malik and David GambrillSince 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?
How will COVID-19 change cybersecurity?
April 27, 2020 by David GambrillThe 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…
How to protect your clients from cybercriminals cashing in on COVID-19
April 8, 2020 by Jason ContantBrokers 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…
Mind the gap
April 4, 2020 by Emily Atkins, Freelance WriterIs cyber coverage keeping up with the type, frequency and severity of attacks?
Business, interrupted
April 3, 2020 by Brooke Smith, Freelance WriterBusinesses 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…
How cybercriminals are targetting employees working from home
March 19, 2020 by David Paddon - THE CANADIAN PRESSTORONTO – 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…
First batch of legal marijuana edibles on their way for B.C.
December 20, 2019 by The Canadian PressVICTORIA – 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…
The enemy within
October 12, 2019 by Dr. Dexter Morse, Director, Insurance & Risk Management, International Air Transport Association (IATA)Rogue employees may be plotting ways to cause damage to your clients’ business. How to advise your clients on managing the risk
If cannabis dies, how expensive could the claim get?
October 8, 2019 by Greg MeckbachIf 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…
How should employers treat recreational marijuana use?
May 9, 2019 by Jason ContantEmployers 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…