Canadian Underwriter

Topic Loss Control

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Experts say counterfeit hand sanitizer recall is a lesson for retailers

October 22, 2020 by Tara Deschamps - THE CANADIAN PRESS

TORONTO – Dollarama Inc. is removing a counterfeit and recalled hand sanitizer from its shelves, which experts say should serve as a reminder of how important it is for retailers and consumers to do their due diligence when shopping. “Since

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Still standing

October 22, 2020 by David Gambrill, Editor in Chief

The P&C industry’s second-quarter earnings reflect the impact of COVID-19. Overall, they tell a story of financial resilience

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How auto insurers are promoting National Teen Driver Safety Week

October 20, 2020 by Greg Meckbach

Teenagers are 3.1 times more likely to follow too closely than drivers older than 45, Manitoba’s auto insurer is warning. Teens are also 3.6 times more likely to lose control or drive off the road than drivers aged 45 and

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How to survive a pandemic

October 20, 2020 by Rob Vosseler, Executive Vice President, Principal Broker, Union Power Insurance Brokers Inc.

A broker principal shares his story about how his fledgling brokerage managed to navigate its way through the various business disruptions caused by COVID-19

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How a smart phone can drive efficiency in the claims process

October 19, 2020 by Greg Meckbach

Using a smart phone to take pictures of property damage as soon as it happens could speed up the claims process and reduce fraud risk, the head of a Canadian claims technology vendor suggests. “The best way to drive efficiency

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How COVID-19 has changed cyber underwriting

October 19, 2020 by Greg Meckbach

With loss ratios in the Canadian cyber insurance market skyrocketing, purchasing cyber without having to answer a whole bunch of questions may become a thing of the past. In the recent past, if a client was not very large, or

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Gushing over oil storage

October 18, 2020 by Michael Freill, President, Mark 1 Engineering

How Canada’s P&C insurers plugged a regulatory hole that exposed the industry to millions of dollars in claims every year

News ClaimsClaims Canada ArchiveEmerging RisksInsurersLoss ControlLoss TrendsProperty

Watch for governments to transfer financial risk from natural disasters to insurers: Swiss Re

October 16, 2020 by Greg Meckbach

There is growing awareness that governments can transfer the financial risk of natural disasters to both insurance and capital markets, a Swiss Re expert observes. In Asia, Africa, the United States and Britain, there are examples of national and sub-national

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Why this client can only recover $50,000 on a $2.7-million commercial crime claim

October 16, 2020 by Greg Meckbach

An electronics distributor that lost nearly $2.7-million because its accounts payable staff were duped by fraudsters cannot claim under policy wording covering funds transfer fraud, a Quebec court has ruled. In Future Electronics Inc. (Distribution) Pte Ltd. v. Chubb Insurance

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The growing cost to clean up abandoned and orphaned wells

October 16, 2020 by The Canadian Press

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Kevin Kemball, Director – Centre for Boreal Research, Northern Alberta

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Overloaded

October 16, 2020 by Adam Malik, Managing Editor

Trucking was already going through challenging times. The pandemic isn’t helping. How brokers can help clients navigate their way through the insurance marketplace

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Storm System

October 15, 2020 by Greg Meckbach, Associate Editor

Several pressures on rate suggest reinsurance premiums will rise during the January 2021 renewal season. By how much? Reinsurance execs look into the crystal ball