Canadian Underwriter

Topic Liability

Nuclear power plant after sunset. Dusk landscape with big chimneys.
News Business InterruptionCatastrophesClaimsInsurersLegalLiabilityOntario

How Canada’s top court just bolstered pandemic BI exclusions

April 1, 2022 by David Gambrill

Canada’s top court has dismissed the appeal in a nuclear reactor case that trial lawyers might have used as a precedent to challenge the physical damage policy exclusions found in many pandemic-related business interruption insurance cases. As is customary, the

Business man travelling the world to acquire insurance.
News CannabisClaimsCommercialCyberEmerging RisksInsurersLiabilityLicensingMGAs

Placing business with non-licensed markets: What to look for

March 31, 2022 by Greg Meckbach

Clients looking for property and casualty coverage have options other than insurers licensed to write coverage in Canada. But brokers and managing general agents say there are hazards and tax implications when placing with an unlicensed or non-admitted insurer. And

Train derailment near Field, B.C. on Feb. 4, 2019
News B.C.ClaimsCommercialEnvironmentalLiabilityTechnology

TSB says brake failure, cold weather led to deadly train derailment

March 31, 2022 by The Canadian Press

CALGARY – An investigation into a fatal train derailment near the British Columbia-Alberta boundary has found the locomotive’s brakes failed with prolonged exposure to cold temperatures. The Transportation Safety Board of Canada on Thursday released its findings into the February

A decommissioned pumpjack in Alberta
News AlbertaEnvironmentalLiability

Alberta Appeal Court keeps $217 million oilpatch cleanup liability case alive

March 29, 2022 by Bob Weber - THE CANADIAN PRESS

A bankruptcy hearing that could determine whether more than $200 million in oilpatch environmental liabilities wind up on the public dime will have to go back to court. The Alberta Court of Appeal ruled Friday that the long-running bankruptcy of

Toll stations on an elevated bridge between the US and Canada.
News CommercialCommercial AutoCyberLiabilityLoss ControlLoss TrendsRisk Managers

Supply chain concerns overshadow logistics data hacks

March 24, 2022 by Philip Porado

While the winter freedom convoy protests and bridge blockades highlighted Canada’s strained supply chains, insured business interruption events linked to logistics problems were common long before the pandemic. Insurers working with logistics clients note congested ports and a lack of

Russian manufactured guided missile launcher with three rockets, oriented towards west, ready for deployment
News CommercialEmerging RisksInsurersLiabilityLoss ControlPropertyRisk Managers

From nukes to export tangles, war shows need for custom covers

March 23, 2022 by Philip Porado

Clients needing war, political violence or terrorism insurance may need to seek bespoke covers, noted a recent Ukraine technical update from claims manager Crawford. “The purpose of a political violence policy is to dovetail with the commercial property policy and

Sunset over pumpjack silhouette
News AlbertaCommercialEnvironmentalLiability

Alberta auditor general gives qualified thumbs up to oil well cleanup spending

March 23, 2022 by The Canadian Press

EDMONTON – The Alberta government is getting mostly check marks from the province’s auditor general over how it handled the billion dollars it got from Ottawa to clean up abandoned oil and gas wells and get service contractors back to

High rise building construction in urban area.
News ClaimsLegalLiabilityLoss ControlProperty

A new way for insurers to handle construction delays and cost overruns

March 17, 2022 by Jonathan E. McNatty

Since 2016, the federal government’s slated nearly $100 billion to support development of transit extensions, shipping port improvements, affordable housing and more. When private-sector construction slowed in March 2020, federal infrastructure building quickly filled the gap. And, throughout 2021, both

Puzzle pieces representing M&A.
News Business InterruptionHRLegalLiabilityMergers and AqcuisitionsTrending

Five factors driving M&A activity in 2022

March 15, 2022 by Philip Porado

Calendar 2021 marked the first full year of positive mergers and acquisitions (M&A) performance for the world’s deal makers since 2016, said research compiled for WTW’s Quarterly Deal Performance Monitor. The research, conducted in partnership with the M&A Research Center

Digital skull and crossbones implying ransomware.
News CommercialCyberEmerging RisksInsurersLiabilityLoss ControlLoss TrendsRisk Managers

How insurers are rethinking ransom coverage

March 15, 2022 by Jason Contant

Ransomware has long been a thorn in the side for insurers, particularly in recent years. And, although the market will continue to see rate changes in reaction to ransomware losses over the next year, “insurers will be equally focused on

News AlbertaClaimsInsurersLegalLiabilityPersonal Auto

Dangerous driving doesn’t necessarily trigger policy exclusion for intent to injure

March 14, 2022 by David Gambrill

A driver pleading guilty and spending nine months in jail on a charge of dangerous driving causing bodily harm does not necessarily prove he intended to cause the injuries, an Alberta court has found. In other words, an auto insurer

News CommercialEmerging RisksLegalLiabilityLoss ControlPersonal Auto

Police, convenience store industry prepare for gas thefts as prices continue to rise

March 11, 2022 by Brittany Hobson - THE CANADIAN PRESS

Police and small retailers are preparing for an increase in “gas-and-dash” thefts as gasoline prices across Canada soar following sanctions against Russia that have put the squeeze on global oil supply. The invasion of Ukraine just over two weeks ago