Canadian Underwriter

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cannabis

News AdjustersClaimsInsuranceLegislation / Regulation

The type of claims that may arise from legalization of cannabis edibles

February 14, 2019 by Jason Contant

With the upcoming legalization of edibles containing cannabis this October, Canadian claims adjusters may see more indirect injury loss and damage claims, suggests a lawyer with Field Law in Calgary. Compared to regular smoked marijuana, edibles have a more delayed

News ClaimsLegislation / Regulation

Has Intact noticed the impact of pot legalization on auto claims?

February 6, 2019 by Greg Meckbach

Recreational cannabis has been legal for nearly four months, but it’s too early for Canada’s largest property and casualty insurer to tell whether it’s having an impact on auto claims frequency. Senior managers with Intact Financial Corp. were asked Wednesday

News LegalRisk

How your commercial clients are exposed to pot liability even if they don’t produce cannabis

January 25, 2019 by Greg Meckbach

Marijuana poses a liability risk for commercial clients even if they are not in the cannabis business, an insurance lawyer suggests. Suppose your client operates a hotel where a party takes place. If someone smokes cannabis at that party, drives,

News InsuranceMarkets / Coverages

Quebec’s cannabis agency cuts back expansion plans amid shortages

January 24, 2019 Julien Arsenault - THE CANADIAN PRESS

MONTREAL – Quebec’s cannabis agency generated about $40 million of sales in its first three months of operation, but supply shortages are forcing the public retailer to reduce its expansion plans. The province expects to have 40 points of sale

News AdjustersClaimsInsuranceRisk

An adjuster’s take on the hazards of cannabis edibles

January 14, 2019 by Jason Contant

Edibles containing cannabis are expected to become legal in Canada later this year, so insurance professionals are encouraging social hosts and commercial establishments to ensure their guests are consuming these products responsibly. With the legalization of recreational marijuana in Canada

News InsuranceMarkets / Coverages

Why Canadian insurers are reticent to enter the cannabis space

January 8, 2019 by Jason Contant

With signs of a hard insurance market in Canada, it appears that a lot of insurers are still reticent about entering the cannabis space. “When an insurance cycle goes a little bit harder, when insurers are trying to put their

News Insurance

CAA launches cannabis education campaign for young drivers

December 20, 2018 by Jason Contant

CAA South Central Ontario (CAA SCO) has launched a cannabis education campaign geared toward young drivers. Research from CAA shows that there is a gap in awareness of the effects of using cannabis, specifically in young men. Men aged 25

News InsuranceLegislation / Regulation

Rates likely to rise if pot legalization leads to more impaired driving

October 30, 2018 by Greg Meckbach

If cannabis legalization results in more stoned drivers, auto insurance rates could rise, a comparison shopping provider suggests. Some Criminal Code offences for marijuana possession were taken off the books effective Oct. 17. This means it is no longer a

News Risk

The cannabis myth that CAA is trying to debunk

October 22, 2018 by Greg Meckbach

A recent experiment in Montreal shows that people who smoked a small fraction of a joint were much riskier drivers than if they drove sober, the Canadian Automobile Association suggests. CAA funded a study at the Research Institute of the McGill University Health

News Legislation / RegulationRisk

How marijuana legalization could impact workplace risk

September 20, 2018 by Greg Meckbach

Canadian workplaces are likely to see an increase in marijuana use but the changes resulting from cannabis legalization next month will be “more evolutionary than revolutionary,” suggests a speaker scheduled to address next month’s Insurance Brokers Association of Ontario (IBAO)

News InsuranceLegalLegislation / RegulationRisk

Risk appetite for marijuana ‘all over the map’

September 17, 2018 by Greg Meckbach

Some insurance companies “want no part” of covering risks related to cannabis in Canada, an industry analyst warns. As of Oct. 17, it will be legal in Canada for adults to possess up to 30 grams of dried cannabis for

News ClaimsInsuranceLegislation / Regulation

Cannabis legalization raises questions on host liability

September 5, 2018 by Greg Meckbach

The legalization of marijuana next month leaves some key questions for commercial clients who serve alcohol. “What if an individual comes in already smelling of marijuana and the bartender is unsure what their level of impairment is?” asked Mouna Hanna,