Canadian Underwriter

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COVID’s impact on aviation insurance could be worse than you think

February 1, 2021 by Greg Meckbach

The drop in international air travel is not causing a corresponding decline in aviation insurance claims costs, a Calgary-based commercial specialty expert warns. Meanwhile, airlines will not see sales return to pre-pandemic levels even after most Canadians get their COVID

News AlbertaClaimsCommercialEmerging RisksInsurersProperty

Will NatCats cause your business clients to leave hot spots?

February 1, 2021 by Adam Malik

After going through a wildfire and multiple flooding events over the last few years, it’s reasonable to believe that businesses are re-thinking about being in Fort McMurray, Alta., says a Canadian P&C insurance executive. The executive’s comment applies to more

News CommercialEmerging RisksProperty

Hard-hit businesses get rules, Feb. 1 start date for Liberals’ $1-million loan fund

January 26, 2021 by The Canadian Press

OTTAWA – Companies that want in on a new federal loan program will have to show sharp revenue declines during the pandemic and that they have already applied for other business aid. The new loans, from the Highly Affected Sectors

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Six reasons why commercial prices will probably continue rising

January 25, 2021 by Greg Meckbach

Don’t expect a soft market for your commercial clients any time soon, executives with The Travelers Companies Inc. warn. Rates on renewal for business insurance were up 8.4% while rates in bond and specialty insurance increased by 12%, Travelers said

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This kind of homeowner’s liability claim has real teeth

January 21, 2021 by Greg Meckbach

When a dog bites man, the wounds could be deep and wide for homeowners. “Pet bites top the list for home insurance liability claims,” reports Dorchester Insurance Brokers Ltd., based near London in the community of Dorchester, Ont. “Dog bites

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What can go wrong when do-it-yourself clients try to replace home water heaters

January 19, 2021 by Greg Meckbach

Some homeowner clients could get in trouble if they try to replace water heaters themselves, by following do-it-yourself handyman advice they find somewhere on the Internet. Many home insurance policies specifically require that water heater installation be done by a

News ClaimsClaims TechnologyCommercialEmerging RisksEnvironmentalInsurersLoss TrendsPropertyRisk ManagersTechnology

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 Business InterruptionClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksInsurersLegalLoss ControlPropertyRisk Managers

Britain’s regulator challenges ruling in favour of insurers over pandemic BI coverage

January 4, 2021 by Greg Meckbach

The appearance of the word “event” in a “disease radius” clause in business interruption insurance contract could be instrumental in determining whether the client is covered during a pandemic. In a ruling released Sept. 15, the High Court of England

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Missing signature takes homeowner off the hook for paying restoration service bill

January 4, 2021 by Greg Meckbach

A restoration firm dispatched by an insurer to respond to water damage at a British Columbia strata unit cannot collect the nearly $1,400 the contractor says the client owes for emergency services. This is the result of a recent British

News B.C.ClaimsPersonal HomeProperty

Thousands still without power after snow and wind storm hits B.C.

December 22, 2020 by The Canadian Press

VANCOUVER – BC Hydro crews worked through the night to restore power to thousands of customers in southern British Columbia following a wicked snow and wind storm that arrived on the first day of winter. Hydro was reporting as many

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Partial building collapse in London, Ont. kills two workers, injures four others

December 14, 2020 by Colin Perkel - THE CANADIAN PRESS

TORONTO – Workers sifting through the rubble of a partially collapsed building in London, Ont., recovered the body of a second victim, city officials said on Sunday of the construction mishap that also killed the father of an infant. The

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Flooding from heavy rain washes out New Brunswick bridge

December 10, 2020 by The Canadian Press

SUSSEX, N.B. – A New Brunswick woman finds herself still stranded a week after flooding washed out a bridge to her home. Mary Ann Coleman of Waterford, N.B., in the southeast of the province, says she knew there was a