Canadian Underwriter

Topic Liability

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An expert’s guess on how long the D&O hard market will last

June 16, 2021 by Adam Malik

While things may not get any worse in the directors and officers (D&O) liability market, it’ll still be about another 18 months until things start to turn for the better, an expert in the area predicted. “I don’t see it

News AlbertaCommercialEnvironmentalLiability

Auditor scolds Alberta over mine cleanup fund, how province handles polluted sites

June 11, 2021 by Bob Weber - THE CANADIAN PRESS

EDMONTON – Alberta’s auditor general is criticizing the government for failing to fix problems pointed out six years ago in a program that’s supposed to guarantee coal and oilsands mines clean up after themselves. Doug Wylie says there’s so much

News AlbertaLiability

Exploding device at gender reveal party leads to wildfire in northern Alberta

June 10, 2021 by The Canadian Press

FORT MCMURRAY, Alta. – A $600 fine has been issued after a gender reveal party led to a wildfire in Alberta. Travis Fairweather, a wildfire information officer, says the party was taking place about 10 kilometres west of Fort McMurray

News BrokersInsurersLiability

Tips on securing D&O coverage in a pandemic

June 7, 2021 by Adam Malik

Mired in a hard market, brokers need to give twice the typical amount of lead time these days when contacting underwriters to secure directors and officers (D&O) coverage for clients, according to a broker expert. The D&O market will remain

News Claims ProfessionalsCommercialEmerging RisksHRInsurersLegalLiabilityLoss TrendsManagementOperationsRisk ManagersTechnology

How video conferencing misbehaviour creates commercial liability risk

June 1, 2021 by Greg Meckbach

Inappropriate behaviour during video conferences can lead to employment practices liability claims, an expert with The Travelers Companies Inc. warns. New York City-based Travelers is observing “Zoom etiquette claims,” said the insurer’s employment practices liability product manager, Chris Williams, during

News AlbertaEnvironmentalLiability

Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator

May 31, 2021 by Bob Weber - THE CANADIAN PRESS

EDMONTON – There’s lots of life in Alberta’s conventional oil industry and plenty of resources and political will to clean up the mess it leaves behind, says the head of the province’s energy regulator. “Will there be halcyon-days growth in

News B.C.ClaimsClaims Canada ArchiveLegalLiabilityPersonal Auto

What B.C. trial lawyers are asking of Canada’s top court in RSA dispute

May 25, 2021 by Greg Meckbach

The Trial Lawyers Association of British Columbia is asking Canada’s top court to essentially make a “new law” barring a liability insurer from taking an off-coverage position after starting to defend a tort claim if the insurer previously had “presumed

News BrokersClaimsCommercialInsurersLiabilityProperty

What’s needed to alleviate municipal insurance pressure

May 25, 2021 by Adam Malik

Municipal insurance rates have been rising significantly and the only way to bring them down isn’t only in the hands of the insurance industry, according to a brokerage leader. It’ll take a team effort from multiple parties. Canadian municipalities have

News ClaimsLegalLiabilityOntario

Ontario court rules deadly shootdown of Flight 752 in Iran was act of terrorism

May 21, 2021 by Paola Loriggio - THE CANADIAN PRESS

TORONTO – An Ontario court has ruled that the Iranian military’s downing of a passenger jet early last year was an intentional act of terrorism, paving the way for relatives of those killed to seek compensation from the country. In

News ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEnvironmentalLiabilityLoss TrendsMGAsRisk Managers

Pollution coverage gaps your clients may not know about

May 21, 2021 by Greg Meckbach

The cost of cleaning up after spills of petroleum, oil, or other contaminants may not be covered under your client’s liability or property policy, a managing general agent warns. Many clients are exposed to pollution risk but are not necessarily

News AlbertaEmerging RisksEnvironmentalLiability

Study finds abandoned oil and gas wells place unfair burden on landowners, taxpayers

May 20, 2021 by The Canadian Press

CALGARY – The costs of Alberta’s growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers, says a report from the University of Calgary. “Landowners have been left behind,” said Braeden Larson of

News BrokersBusiness InterruptionCommercialEmerging RisksInsurersLiabilityRisk Managers

Coverage that you should be discussing with your commercial clients

May 17, 2021 by Adam Malik

Brokers exploring new ways to protect their commercial clients should be making “malicious attack” coverage part of the conversation, a risk expert advises. But it can be a tricky conversation for brokers to have. Clients may think they can’t afford