Canadian Underwriter

Topic Liability

Office worker who has fallen on a staircase
News AlbertaB.C.ClaimsCommercialConstructionEmerging RisksInsurersLegalLiabilityLoss ControlOntarioQuebec

How to build environments that reduce staircase injuries

October 31, 2023 by By Dr. Andrew Huntley and Claire Miller, 30 Forensic Engineering

As research drives new ways to build staircases that can prevent slip-and-falls, Canada’s building codes should be updated accordingly to reflect the safer designs. The importance of code updates is illustrated by falls on stairs, which in Ontario alone led

Ransom note to convey increase of cybercrime using ransomware
News ClaimsCommercialCommercial AutoCyberEmerging RisksInsurersLegalLiabilityLoss ControlLoss TrendsTechnology

What’s driving rising ransomware attacks

October 30, 2023 by Philip Porado

Ransomware attacks are increasing globally thanks to evolving cybercrime tactics that make it easier for thieves to transfer data from computers or other devices. “Cyber claims frequency has picked up again this year as ransomware groups continue to evolve their

tool tote box with tools
News CatastrophesClaimsEmerging RisksInsurersLegalLiability

OSFI wants P&C ‘resolution authority.’ What PACICC needs for the job

October 30, 2023 by David Gambrill

Canada’s solvency regulator is looking for a stable, reliable ‘resolution authority’ that would allow the country’s property and casualty insurance industry to wind up an insolvent insurer efficiently without relying on taxpayer subsidization. At first blush, the ideal candidate is

Puzzle to convey the concept of risk management.
News Emerging RisksLegalLiabilityLoss ControlRisk ManagersTrusted Advisor

What it’s like to be a public sector risk manager

October 26, 2023 by Alyssa Di Sabatino

No two days are alike for public sector risk managers. One day, their jobs might require predicting risk for a transit facility; the next day, a long-term care home. That’s why it’s crucial for public risk managers to break out

The insurance hard market can be a tough nut to crack
News CommercialCyberLegalLiabilityLoss TrendsRisk ManagersTrusted Advisor

How the hard market impacts public risk managers

October 25, 2023 by Alyssa Di Sabatino

Budgeting is where risk managers of publicly owned organizations feel the hard market the most. Public risk managers must often buy insurance for their entire region or branch while predicting what future losses may be. Like all risk managers, they

New rules coming for insurance industry intermediaries
News BrokersEmerging RisksInsurersLegalLiabilityLicensingOntarioOperationsPersonal AutoTechnology

Is FSRA planning to license aggregators?

October 6, 2023 by Philip Porado

Ontario’s insurance regulator has confirmed it is considering whether or not aggregators need to be licensed. Since August, when Ontario’s financial services regulator issued a report outlining concerns about auto insurers’ compliance with take-all-comers requirements, Canada’s P&C insurance industry has

Man riding in a fully autonomous automobile
News ClaimsCommercial AutoEmerging RisksInsurersLiabilityLoss ControlPersonal AutoTechnology

How auto insurance will navigate a world with self-driving cars

October 4, 2023 by Tim Crljenica, Thomas Gold Pettingill LLP

Self-driving cars have been a part of visions of the future for decades, and what was once only imaginary has started to become reality. Not only do self-driving cars exist, but five U.S. states (Arizona, California, Michigan, New Hampshire and

Map of Canada with blue background
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Specialty insurer expands across Canada in five product lines

October 2, 2023 by Jason Contant

Specialty insurer Mosaic Insurance has expanded its offerings across Canada in five product lines — cyber, transactional liability, financial institutions, professional liability and environmental liability.  The global firm first opened an office in Toronto in July 2022 and now serves

High end, ultra-modern manufacturing facility
News Business InterruptionClaimsCommercialCommercial AutoConstructionEnvironmentalInsurersLegalLiabilityLoss ControlLoss TrendsProperty

Tips for insuring properties worth more than $500 million

October 2, 2023 by Philip Porado

Coverage for high-value real estate, defined as sites worth $500 million or more, is often based as much on how those sites are used as on the physical assets themselves. Multi-use sites, where activities like manufacturing, distribution, logistics and management

Empty office building ready to convert into housing
News BrokersClaimsCommercialConstructionInsurersLegalLiabilityLoss ControlOperationsProperty

How insurance helps when converting office buildings to housing

September 29, 2023 by Philip Porado

Canada’s housing crisis has deepened since the start of the COVID-19 pandemic. And when office vacancy rates across Canada topped 17% in 2022 Q4, calls grew louder to convert some of that unused commercial space into residential units. What’s more,

Diverse group working in an office.
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Why you might need a diversity, equity and inclusion partner

September 28, 2023 by Alyssa Di Sabatino

Need some help with your brokerage’s efforts to develop a more diverse, equitable and inclusive workplace? Consider partnering with another organization to create recruiting or other interim partnerships, suggested Craig Pinnock, chief financial officer of Northbridge Financial Corporation. “These are the

Scales of justice loaded with money symbolizing high cost of legal action
News AlbertaClaimsClaims Canada ArchiveInsurersLegalLiabilityLoss TrendsPersonal Auto

What’s contributing to rising auto premiums in Alberta?

September 26, 2023 by Jason Contant

Litigation costs stand out as a major contributor to premiums drivers pay in Alberta, according to a new report from accounting firm MNP. Legal costs in Alberta’s auto insurance system have risen 31% since 2018 and account for roughly 20%