Canadian Underwriter

Topic Loss Trends

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Three ways of reducing your client’s risk of false slip-and-fall claims

January 11, 2021 by Greg Meckbach

Installing video systems, keeping an eye out for obstructions on the property and asking claimants for all names they have used in the past are among the techniques your clients can use to protect themselves from fraudulent slip-and-fall claims. Slip

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Overcoming AI’s bias: Models are only as good as the data you feed into them

January 6, 2021 by Adam Malik

If people intend to use data to help mitigate risk or save lives, that data must be trustworthy, says an artificial intelligence expert. Sean Griffin, CEO and co-founder of Disaster Tech, a disaster risk data firm, pointed out during CatIQ

News Claims Canada ArchiveCommercialInsurersLegalLoss ControlLoss Trends

Impeding, hindering or preventing: Do these mean the same thing in business interruption insurance?

January 6, 2021 by Greg Meckbach

Say your client has a policy covering business interruption if the government prevents access to the premises. A pandemic breaks out. Say that client is not completely prohibited from conducting business, but is still losing sales because the government is

News AlbertaCatastrophesClaimsInsurersLoss TrendsOntario

$2 billion is the new $1 billion for insured Canadian NatCat events

January 5, 2021 by Jason Contant

Insured losses from natural catastrophes in Canada totalled nearly $2.5 billion last year, Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) reported Monday. “The years where annual catastrophic insured losses were below $1 billion seem to be a thing of the

News AdjustersClaimsClaims Canada ArchiveCommercialInsurersLegalLiabilityLoss ControlLoss TrendsOntarioRisk Managers

Why it took four years to add snow removal contractor as a defendant in this slip-and-fall claim

January 4, 2021 by Greg Meckbach

A landscaping firm with a contract to spread salt and sand during the winter has been added as a defendant in a personal injury lawsuit in Ontario more than four years after an alleged slip-and-fall accident. 1323765 Ontario Inc., which

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Investors look with optimism to ‘year of the vaccine’, expect major growth in 2021

December 23, 2020 by Ross Marowits - THE CANADIAN PRESS

TORONTO – On Jan. 1, investors celebrating Bay Street’s best returns since the global financial crisis couldn’t have known what kind of year they were about to face. The year on stock exchanges was marked by swift and frequent changes

News LiabilityLoss ControlLoss TrendsPersonal Auto

Honda recalls 130,000 vehicles in Canada

December 17, 2020 by The Canadian Press

MARKHAM, Ont. – Honda says it will recall 130,000 vehicles in Canada, including certain Fit, Civic, Accord, Insight and Acura ILX models, after announcing a similar recall of 1.4 million vehicles in the U.S. The automaker says 96,761 of the

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Another win for wedding vendors in a COVID cancellation dispute

December 16, 2020 by Greg Meckbach

A British Columbia couple who cancelled their August 2020 wedding due to pandemic concerns is not entitled by a force majeure (an ‘Act of God’) clause to a refund of $4,000 they paid the would-be venue in advance. The province’s

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What brokers need to do to place hospitality coverage

December 16, 2020 by Greg Meckbach

When it comes to the hospitality sector, insurers’ risk appetites are constantly changing and underwriters are especially concerned about clients who get most of their revenue from alcohol, a managing general agent reports. “A broker has to spend a lot

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Taming Social Inflation

December 16, 2020 by Adam Malik, Managing Editor

Social inflation essentially describes insurers’ increasing legal costs. Why insurers are pinning this primarily on the rise of litigation funding

News AdjustersClaimsClaims ProfessionalsInsurersLoss TrendsOntarioPersonal AutoPersonal Home

Ontario wind storm costs the industry $87 million

December 15, 2020 by Jason Contant

Add $87 million to the more than $2.1 billion that the Canadian property and casualty insurance industry has paid out in claims thus far in 2020. An Ontario windstorm in November hit the Greater Toronto Area, the areas of Hamilton,

News Business InterruptionClaims Canada ArchiveClaims ProfessionalsCommercialCyberEmerging RisksInsurersLegalLiabilityLoss ControlLoss TrendsRisk Managers

Why the D&O market will probably get harder

December 15, 2020 by Greg Meckbach

Data breaches and the impact of COVID-19 on a company’s financial performance are among the “megatrends” affecting directors’ and officers’ liability claims, Allianz Global Corporate & Specialty warned in a report released Dec. 15. “Outside the U.S., securities class actions