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News Business InterruptionEmerging RisksEnvironmentalInsurersQuebecRisk Managers

2 risks keeping these business leaders up at night

July 12, 2022 by Alyssa DiSabatino

Québec businesses are more likely to prioritize business interruption and environmental risks than their counterparts in the rest of the country, according to a new report by Aviva.  However, both Québec and the rest of Canada are equally keen on

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News AdjustersClaimsInsurersLegalOntarioPersonal Auto

Inadmissible evidence good enough to access enhanced auto coverage

July 12, 2022 by David Gambrill

Inadmissible hearsay evidence is enough for a driver involved in a collision caused by an unidentified motorist to access the $1 million limit of her auto policy’s OPCF 44R Family Protection Endorsement, an Ontario court has ruled. “There is no

Egg in a vice to illustrate high pressure on workers.
News BrokersCommercialCommercial AutoConstructionInsurersOperationsPersonal AutoPersonal HomePropertyTrusted Advisor

Hard market challenges aside, brokers not racing for the exits

July 12, 2022 by David Gambrill

Canada’s hard market in insurance remains the Number 1 concern of new and experienced brokers alike, as well as brokerages big and small, according to Canadian Underwriter‘s 2022 National Broker Survey. The gender split among respondents was most prominent, with

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News CommercialInsurersSupply ChainTrending

Economists expect Bank of Canada to hike key interest rate by 0.75%

July 12, 2022 by Nojoud Al Mallees - THE CANADIAN PRESS

OTTAWA – Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. In Canada, inflation hit a 39-year-high of 7.7 per cent in May

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News CatastrophesClaimsEmerging RisksInsurersLiability

What the industry needs to fund the bankruptcy of a Top 70 insurer

July 11, 2022 by David Gambrill

Canadian P&C insurers need a compensation fund four times bigger than its current size of $60 million to handle “systemic contagion” associated with the insolvency of a Top 70 P&C insurer or bankruptcy related to a major earthquake, says the

News ClaimsCommercial AutoInsurersLiabilityLoss ControlPersonal Auto

Distracted driving sometimes takes a back seat to work priorities, drivers say

July 11, 2022 by Canadian Underwriter Staff

Canadians object to distracted driving but a lot of them do it anyway, according to a 2022 distracted driving risk survey from Travelers Canada. A full 77% of those surveyed said distracted driving is ‘very risky and they take every

Two individuals walking in front of a Rogers storefront.
News AlbertaB.C.BrokersBusiness InterruptionClaimsInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.

Are businesses covered for a telecom’s “maintenance oops”?

July 11, 2022 by Alyssa DiSabatino

Despite Interac payment systems and phone lines being down, most businesses will not have insurance coverage for any type of income loss as a result of the national Rogers outage on Friday, says one insurance expert.   The outage, which

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News ClaimsInsurersLegalPersonal AutoPersonal Home

Inflation might not lead to higher claims amounts in Canada

July 8, 2022 by Philip Porado

With overall consumer inflation near 40-year highs, can sharply rising claims costs and social inflation be far behind? It’s too soon to tell, an Aon expert tells Canadian Underwriter. Speculation that consumer price inflation might spark social inflation for casualty

The River Canard waterway in LaSalle, Ontario
News CatastrophesClaimsEnvironmentalInsurersOntarioPersonal HomeSupply Chain

Where home insurance premiums are trending upwards in 2022

July 8, 2022 by Jason Contant

LaSalle, Ont., has the highest home insurance premiums in the province right now, whereas Ajax, Ont., offers the least expensive home insurance premiums, according to the latest data from rate comparison site RatesDotCa. On average, home insurance premiums in Ontario

Close up of woman hands, arranging patient files
News ClaimsCommercialInsurersLegalLiability

How the court bolstered an insurer’s exclusion for privacy breach

July 8, 2022 by David Gambrill

Acting recklessly in breaching the confidential medical files of patients effectively falls within a hospital insurer’s commercial policy exclusion for committing an ‘intentional act,’ Ontario’s top court has ruled. The Ontario Court of Appeal found a hospital insurer, the Healthcare

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News HRInsurers

Better productivity in the office? Think again, HR survey finds

July 7, 2022 by Alyssa DiSabatino

Remote work is now tied with the office as the place to do the most productive work, according to a new survey by recruitment and employment services provider Robert Half. Forty-two per cent of professionals report accomplishing more work at

Sewerage system, dirty water discharged into river.
News ClaimsCommercial AutoEnvironmentalInsurersLegalLiabilityOntario

Why Intact can’t recover $2.9 million in excess insurance payment

July 7, 2022 by David Gambrill

Intact Insurance has lost its bid to recover $2.9 million it paid above and beyond its $5-million insurance policy limit for cleaning up a 2012 chemical spill in North Bay, Ontario. Ontario’s Court of Appeal rejected Intact’s arguments that it