Canadian Underwriter

Keyword
construction

News ConstructionInsurance

How oil patch woes impact surety bond losses

July 29, 2019 by Greg Meckbach

Cutbacks in oil and gas is one reason bond claims have become more frequent in Western Canada, a surety expert for the nation’s largest insurer suggests. A slowdown in the construction market in Alberta – and to some extent in

News ConstructionInsurance

How construction clients could be taking on too much risk

July 26, 2019 by Greg Meckbach

If you place insurance for construction clients, they could be signing contracts that saddle them with risks that they should not be taking on. “We are beginning to see tenders coming out where not enough design work has been done

News ConstructionInsuranceMarkets / Coverages

Paid Steering the Course: Course of Construction (COC) Insurance Options

August 28, 2018 Neil Jeanson, Senior Class Underwriter, XL Catlin

All it takes is a spark.  From a sander. Or errant cigarette.  And POW!  Igniting common, flammable construction materials like wood, solvents, packaging, and gasoline and turning a work in progress to a pile of ash.  It’s a powerful blow

News ConstructionInsuranceRisk

Could this new construction method hike insurance costs?

August 27, 2018 by Greg Meckbach

A client occupying a tall wood building could face higher insurance costs, a group of masonry producers claims, while one fire insurer confirms such a building deserves closer scrutiny from an underwriter. Your insurance premiums would be higher as an

Feature Claims CanadaInsurance

Property Loss Update: A review of recent cases, Part 1

November 3, 2017 Glenn Gibson

There have been a number of very important cases in recent months involving coverage issues, which are worthy of note. The Supreme Court of Canada has now become involved in trying to clarify the process that should be followed in

News CatastrophesClaimsClimate ChangeMergers and Aqcuisitions

Standard would help enhance flood resilience of new communities: report

September 26, 2017 by Angela Stelmakowich

Research out of the University of Waterloo recommends a Canadian standard for new flood-resilient residential communities, one that employs almost two dozen best practices, be developed to bolster protection and reduce water-related losses. Requiring that new homes not be built

News ConstructionInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Construction industry ‘particularly vulnerable to cybercrime,’ Northbridge warns

September 12, 2017 by Canadian Underwriter

Large and small construction contractors are vulnerable to cyber crime, with “smart” building devices and lucrative engineering drawings in particular presenting vulnerabilities, Northbridge Insurance warns. “Major advancements in digital connectivity have left the construction industry particularly vulnerable to cybercrime,” Northbridge

News ConstructionEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber market ‘softer than ever,’ commercial property, general liability rates down in U.S. in Q2: CIAB

August 23, 2017 by Canadian Underwriter

Responses from brokers surveyed indicate commercial property insurance rates in the United States dropped an average of 3.6% during the three months ending June 30, with average premium pricing down 1.44% in cyber, in a market that is “softer than

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio down 4.6 points for Everest Re

July 25, 2017 by Canadian Underwriter

Everest Re Group Ltd. reported Monday catastrophe losses, net of reinsurance, of $53.5 million in the three months ending June 30, with a 4.6-point improvement in its Q2 combined ratio to 90.5%. All figures are in United States dollars. Hamilton,

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims

July 13, 2017 by Canadian Underwriter

CRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more

News AppointmentsInsuranceMergers and AqcuisitionsProductsProfessional Development

Can-Sure Underwriting & Beacon Underwriting promotes Cameron Copeland to president

April 18, 2017 by Canadian Underwriter

Canadian property and casualty managing general agency (MGA) Can-Sure Underwriting and Beacon Underwriting announced on Tuesday that Cameron Copeland will assume the role of president. Copeland assumed the role effective April 15, succeeding Can-Sure founder Jeff Hart, who has “decided

News AssociationsCatastrophesClimate ChangeConstructionInsuranceMergers and AqcuisitionsReinsurance

Construction of mitigation infrastructure to protect against flood should be seen as nation-building projects: Australian insurers

April 12, 2017 by Canadian Underwriter

The Insurance Council of Australia (ICA) cited the Canadian government’s budget commitment to create a Disaster Mitigation and Adaptation Fund in a recommendation to its own federal government to treat the construction of mitigation infrastructure to protect flood-prone towns as