Canadian Underwriter

Keyword
cannabis


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, 

News ClaimsLegislation / RegulationRisk

Liability risk for private pot retailers

August 28, 2018 by Greg Meckbach

Your retail client could be at risk of a lawsuit if it starts selling cannabis, but the exposure may not be the same as the liability risk of a bar serving alcohol, an insurance defence lawyer suggests. Whether a retailer

News BrokersInsuranceMarkets / CoveragesProductsRisk

Hub’s Top 3 pot risks

August 23, 2018 by Jason Contant

As cannabis comes closer to being legalized in Canada, Hub International told Canadian Underwriter the three major risks the brokerage has faced while writing cannabis insurance for the past four years. One of them is cash-on-hand, meaning pot producers have money

News InsuranceMarkets / Coverages

Hub introduces new cannabis insurance and risk services for Canada

August 15, 2018 by Jason Contant

Global insurance brokerage Hub International announced Wednesday that it has launched cannabis insurance and risk services for the Canadian market. The offering, under Hub’s agribusiness and farm specialty practice, is also available in the United States. It provides medical and

News Risk

Ontario to sell pot online in fall, in private retail stores by April 2019

August 14, 2018 Shawn Jeffords - THE CANADIAN PRESS

TORONTO – Recreational cannabis will be sold online in Ontario when legalized this fall and in private retail stores across the province early next year, the government announced Monday, reversing the previous administration’s plan to distribute cannabis through publicly owned

News Risk

Many Canadians driving high: Statistics Canada

August 9, 2018 The Canadian Press

OTTAWA – A new Statistics Canada survey has found about 1.4 million Canadians reported they had been a passenger in a vehicle driven by someone who had consumed cannabis in the previous two hours. In addition, one in seven cannabis