Canadian Underwriter

Keyword
business interruption

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2 risks keeping these business leaders up at night

July 12, 2022 by Alyssa DiSabatino

Québec businesses are more likely to prioritize business interruption and environmental risks than their counterparts in the rest of the country, according to a new report by Aviva.  However, both Québec and the rest of Canada are equally keen on

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Insurers winning court battles to enforce pandemic BI arbitration

April 4, 2022 by David Gambrill

Quebec insurers with arbitration clauses written into their business interruption policies are winning battles to have pandemic BI class action suits go through arbitration rather than through the courts. Both of law firm Clyde & Co.’s Top 2 cases of

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Where insurers are at with Canadian pandemic BI litigation

March 9, 2022 by David Gambrill

Canadian courts are dealing with pandemic business interruption (BI) cases at a glacial pace compared to those in the U.K. and the United States, prompting some legal observers to call for judicial reform. “As the pandemic extends into its third

A person holds a sign for the "Freedom Convoy" a cross-country convoy protesting a federal vaccine mandate for truckers, as people rally against COVID-19 restrictions on Parliament Hill in Ottawa, on Saturday, Jan. 29, 2022.
News Claims

Are businesses covered for damage caused by the Freedom Convoy?

February 7, 2022 by Alyssa DiSabatino

More than a week after the “freedom convoy” rolled into Ottawa, some in the P&C industry are discussing whether or not business interruption claims due to civil disobedience are insured risks.   Ottawa’s downtown centre has been paralyzed with vehicles

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Court sides with insurer in multi-million-dollar spat over sublimits

January 21, 2022 by David Gambrill

B.C.’s Supreme Court has upheld an insurer’s insistence that a mining company’s business interruption losses were subject to a $10-millon sublimit and not to the full policy limit of $250 million. That said, the court did not agree with the

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Canada’s 3 top business risks

January 19, 2022 by Alyssa DiSabatino

Business interruption, cyber incidents, and climate change have been dubbed the Top 3 risks facing Canadian businesses this year, according to a new report.   Although these were Canada’s Top 3 risks, Allianz Global Corporate & Specialty (AGCS)’s Risk Barometer

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Appeal court quashes ruling that ‘resulting physical damage’ can mean ‘loss of use’

September 13, 2021 by Greg Meckbach

Your commercial client could get business interruption coverage if they can no longer “use” their property, but only if the policy wording actually says so, a Court of Appeal for Ontario panel suggests. MDS Inc. v. Factory Mutual Insurance Company,

News Insurance

Ontario court certifies class-action against insurers related to COVID-19

September 1, 2021 The Canadian Press

TORONTO – Ontario’s Superior Court of Justice has certified a class-action lawsuit against fourteen insurance companies that denied business interruption claims related to COVID-19. The class action, launched by several small businesses including a suit store, a smoothie shop and

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Coverage that you should be discussing with your commercial clients

May 17, 2021 by Adam Malik

Brokers exploring new ways to protect their commercial clients should be making “malicious attack” coverage part of the conversation, a risk expert advises. But it can be a tricky conversation for brokers to have. Clients may think they can’t afford

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Should the Canadian P&C industry be concerned about BI court cases?

April 16, 2021 by Adam Malik

For now, little evidence exists that courts will adjudicate against Canada’s property and casualty insurers in litigation related to business interruption claims stemming from the COVID-19 pandemic, according to an industry executive. At the recent CIP Society Symposium 2021 virtual

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Intact’s take on UK business interruption test case

March 9, 2021 by Greg Meckbach

A recent British court ruling on business interruption does not change the economics of Intact Financial Corp.’s agreement to acquire a large part of London-based RSA, a senior Intact official confirmed Tuesday. In 2020, the Financial Conduct Authority brought eight

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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