Canadian Underwriter

Keyword
construction

News Insurance

Why the status quo can be dangerous in the construction insurance world

September 9, 2020 by Jason Contant

“We’ve always done it this way” are six dangerous words in the construction world, and equally dangerous for those trying to assess or procure adequate insurance for construction projects. “Doing what we’ve always done rarely is OK when we’re facing

News Insurance

How your advice can help flood-proof future real estate development

August 26, 2020 by Adam Malik

There’s not enough collaboration between stakeholders in Canada’s real estate sector and risk professionals with information about natural hazards, and real estate investments could drown as a result, an expert warned. If real estate is constantly being exposed to damage

News BrokersClaimsInsurance

Despite re-openings, time is ticking on construction clients’ inactivity limits

May 14, 2020 by Adam Malik

A “snowball effect” could leave some construction companies facing major financial challenges despite the slow re-opening of some of their closed worksites, one brokerage warns. In some situations, the damage may already be done, leaving brokers scrambling to help out

News ConstructionInsurance

How to help construction clients who are no longer deemed “essential services”

April 6, 2020 by Adam Malik

Ontario brokers can expect to receive calls from their clients in the province’s construction industry, some of whom were recently de-listed from the province’s essential services list. Under pressure to reduce the spread of COVID-19 in Ontario, the province recently

News Legal

Supreme Court of Canada could review ‘joint and several liability’ clause in surety bond

February 12, 2020 by Greg Meckbach

The Guarantee Company of North America wants to take a disputed claim on a 20-year-old performance bond to the Supreme Court of Canada. The top court announced Feb. 7 that The Guarantee is applying for leave to appeal HOOPP Realty

News InsuranceLegislation / Regulation

Former Tarion official calls for insurer-based new home warranty

February 3, 2020 by Greg Meckbach

A former enforcement director with Tarion Warranty Corporation is calling for competition among insurers in new home warranty in Ontario. David Roberts, who retired in 2017 from Tarion, recommended the provincial government move the new home warranty system to a

Feature ClaimsClaims CanadaCommercial LinesConstructionEngineeringRestoration

Unfinished business

January 5, 2020 By Kevin Shipley, Partner, XCG Consulting Limited

Why a winter construction fire should give underwriters pause before covering the risk of unfinished buildings

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