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Why liability insurance did not cover the defence of a remediation order

June 18, 2021 by Greg Meckbach

An eastern Ontario municipality does not have coverage with any of its four former liability insurers for a dispute with the provincial environment ministry over alleged pollution occurring more than six decades ago. That’s because the insurance policies in question

Talking to colleagues post-pandemic
News Insurance

6 ways to help your P&C workers transition back to the office

June 18, 2021 by Jason Contant

There’s a bit of a tempest brewing regarding a post-COVID return to the office, and employers can do six things to make sure that the tempest remains in a teacup, as one consultant advises. Published survey results show a gap

Young happy business woman sit indoors in home office using laptop computer
News Insurance

Working from home increasingly popular among Canadian P&C professionals

June 18, 2021 by Adam Malik

More property and casualty insurance industry professionals are working from today than six months ago — and more are “very satisfied” to be doing so, according to a Canadian Underwriter poll conducted last week. Canadian Underwriter first asked the industry

News ClaimsEarnings / RatingsInsurance

Canadian P&C industry’s financial results take a turn for the better

June 18, 2021 by David Gambrill

Canada’s property and casualty insurance industry reported a much sunnier financial picture in 2021 Q1 than it did during the same time last year, according to a recent quarterly report by the Property and Casualty Insurance Compensation Corporation (PACICC). Financial

Tailings pond dam breaks spilling content into river
News Insurance

Updated tailings code after Mount Polley disaster an improvement: B.C. mines auditor

June 18, 2021 The Canadian Press

VICTORIA – A new report says changes to British Columbia’s requirements for tailings storage after the Mount Polley disaster have generally improved the management of mining waste. The mines chief auditor found many of the revisions made in 2016 to

manager pushing open virtual lock to initiate a rapid grab-and-go response.
News Insurance

What’s the state of the cyber market these days?

June 17, 2021 by Adam Malik

A lack of scrutiny around the risk being taken on and a flawed claims process bit the cyber insurance market hard, especially over the last year, according to experts in the field. Now, they added, there are signs that insurers

News ClaimsInsuranceLegal

A plaintiff suffered a concussion a year before the accident – how this should affect loss of income award

June 17, 2021 by Greg Meckbach

The Court of Appeal for British Columbia has doubled a tort award, for loss of future earning capacity, for a motor vehicle accident victim who had suffered several concussions before he badly injured his head in a rear-end collision. On

Pinocchio on the shelf
News Insurance

How much you’re lying to yourself about time management

June 17, 2021 by Adam Malik

While George Costanza may claim that his entire life is a lie, most people will tell about 200 lies a day — and many to themselves about what they’re doing and what they can actually accomplish, according to an expert

News BrokersInsuranceMergers and Aqcuisitions

Why the U.S. competition regulator wants to stop the Aon-Willis merger

June 17, 2021 by Greg Meckbach

Almost all large firms in the United States buy their property and casualty insurance through either Marsh, Aon or Willis Towers Watson, the latter two of the ‘Big Three’ having market share of more than 40% in property and liability

News Insurance

Staff vaccine status discussions, disclosures pose challenges for businesses

June 17, 2021 Danielle Edwards - THE CANADIAN PRESS

HALIFAX – Cynthia Fernandez said her personal sense of responsibility for the safety of her clients led her to publicly disclose that her staff were vaccinated against COVID-19 earlier this spring. “I think a lot of people are nervous still

News BrokersInsuranceRisk

Two things you need to explain to your clients

June 16, 2021 by David Gambrill

Risk and insurance professionals need to address two common client misunderstandings about how the property and casualty insurance industry works, a risk professional suggested to Canadian Underwriter Tuesday. First, clients may not fully understand the interconnectedness of the P&C industry,

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
News CatastrophesClaimsClaims CanadaClimate ChangeInsurance

Progress report: Canada-wide flood mapping is well underway

June 16, 2021 by Greg Meckbach

A nationwide estimate of coastal, pluvial, and fluvial flood hazard is one part of the ongoing effort to come up with a national approach to insuring or re-locating homes at high risk of flood, a federal government official suggests. Flood