Canadian Underwriter

Keyword
liability


News InsuranceMarkets / CoveragesProducts

BHSI introduces motor truck cargo legal liability insurance in Canada

October 18, 2017 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance (BHSI) said on Wednesday that it has expanded into inland marine product line in Canada with the launch of its motor truck cargo legal liability policy. The product protects against the legal liability exposure commercial truckers

Feature Technology

Yellow Light, Green Light

October 6, 2017 Peter Vlaar, Associate Lawyer, McCague Borlack LLP

Will autonomous vehicles change litigation? While the answer to that question is surely “yes,” a deeper dive is needed to fully grasp what related developments could mean for property and casualty insurance. Longer term, a simpler system overall for addressing liability in auto claims is anticipated.

News InsuranceProductsTechnology

Turo launches car-sharing marketplace in B.C., partners with car rental entrepreneurs

October 3, 2017 by Canadian Underwriter

Turo, which connects local car owners with travellers looking for adventure and in need of a vehicle, has expanded its car-sharing marketplace into British Columbia. To address provincial insurance regulations, the company has structured the expansion by partnering with local,

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Autonomous vehicles will require a reassessment of liability: RIMS Canada Conference speaker

September 26, 2017 Jason Contant, Online Editor

Autonomous vehicle (AV) technology will require a reassessment of liability and the uncertainty surrounding liability may even slow the introduction of AV technology, a speaker suggested on Monday at the RIMS Canada Conference. Jim Kidd, project manager at the City

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 Insurance

Ceiling on damages payable by U.S. state makes it an ‘inadequately insured motorist’ under Ontario family protection endorsement: Court

September 18, 2017 by Canadian Underwriter

A U.S. state, with a cap on compensatory damages payable to accident victims suing the state, can be considered an “inadequately insured motorist” for the purpose of an Ontario auto family protection endorsement, the Court of Appeal for Ontario recently

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

37% of Quebec tenants have no home insurance: IBC survey

September 6, 2017 by Canadian Underwriter

Nearly four in 10 tenants in Quebec have no home insurance, “a regrettable situation that clearly puts their financial security at risk,” the Insurance Bureau of Canada (IBC) said in a press release on Wednesday. A survey completed for IBC

News Professional Development

Getting younger people into broker channel as a career remains challenging: incoming IBAO president

September 6, 2017 Jason Contant, Online Editor

Getting younger people to choose the broker channel as a career remains a challenge, the incoming president of the Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter in a recent interview. “In the high schools is where it really

Feature Legal

Beyond Intent

August 30, 2017 Nadia MacPhee, Partner, Brenton Kean

A New Brunswick court recently addressed a rarely litigated exclusion in liability policies, which are meant to ensure an insured’s intentional conduct does not attract coverage. The ruling, plus an earlier one in British Columbia, show that although a plaintiff may allege the insured’s conduct was intentional, the analysis must go further.

News CatastrophesEarnings / RatingsInsuranceReinsurance

Global reinsurers’ first-half 2017 results reflect pricing pressure, consolidation expected: Fitch

August 21, 2017 by Canadian Underwriter

Global reinsurers’ first half 2017 results provide further evidence of continuing pressure on pricing and earnings, Fitch Ratings said in a report released on Monday. “Intense competition among global reinsurers and the abundance of capital invested in the sector mean

News InsuranceLegalMergers and Aqcuisitions

Tenant’s insurer not liable for subrogated home fire claim arising from vehicle repair

August 18, 2017 by Canadian Underwriter

A subrogated fire claim – arising from a tenant repairing his vehicle at home – is excluded from the tenant’s home policy because the fire arose from “use” of a motor vehicle, an Ontario court recently ruled. In June, 2007,

News InsuranceMergers and Aqcuisitions

80% of polled Canadians not properly insuring belongings when moving to new homes

August 16, 2017 by Canadian Underwriter

Eight of 10 Canadians taking part in a survey from Square One Insurance Services Inc. report not properly insuring their belongings while moving to their new homes. With more than 300,000 Canadians moving to new homes in different provinces each