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Frank Cowan introduces drone endorsements for liability and property policies

August 28, 2016 by Canadian Underwriter

Frank Cowan Company announced on Friday that its liability and property policies can now be enhanced with endorsements to cover drones. The Princeton, Ont.-based managing general agent said in a statement that the drone/unmanned aerial vehicle (UAV) coverage “is intended

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Supreme Court of Canada to hear $5.4-million conversion lawsuit against banks arising from plaintiff’s employee’s cheque fraud

August 19, 2016 by Canadian Underwriter

A $5.4-million lawsuit – initially filed against four Canadian banks – arising from fraudulent cheques requisitioned by the plaintiff’s employee, will be heard by the Supreme Court of Canada. Canada’s highest court announced Thursday it granted leave to appeal to

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Global market for professional indemnity insurance expected to reach US$40.5 billion by 2019: Finaccord

August 3, 2016 by Canadian Underwriter

The global market for professional indemnity (liability) insurance is on track to climb from its 2015 total of approximately US$36.2 billion in gross written premiums (GWPs) to US$40.5 billion by 2019, Finaccord reported Wednesday. Of the 2015 premium total, the

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Drivers still liable in accidents, even in near driverless cars, says Canadian law firm Borden Ladner Gervais

August 2, 2016 Terry Pedwell - THE CANADIAN PRESS

OTTAWA – Until Canadians own cars that truly drive themselves, they can forget getting off the legal hook if they’re in an accident with a vehicle that still has a steering wheel, suggests a report from Canada’s biggest law firm.

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Double Duty

August 1, 2016 Hollis Bromley, Partner, Alexander Holburn Beaudin + Lang LLP

A recent ruling out of British Columbia reviewed the duty to defend in the context of forced labour and slavery allegations. The case addresses a number of weighty coverage considerations, including the “mere possibility” test and derivative pleadings.

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Flood Risk Canada launches live flood sensory system

July 29, 2016 by Canadian Underwriter

Flood Risk Canada, Inc. (FRC) has announced that it will be launching a new flood risk monitoring and prevention tool called “flood sensory system.” Deployed in floodways, the system monitors and alerts on the current water level activity, wind speed

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Pen Underwriting Canada’s e-traded D&O solution offers brokers fast quote-to-cover capability

July 22, 2016 by Canadian Underwriter

Pen Underwriting Canada’s newly launched e-trading platform allows brokers to quote and issue a policy within five minutes that provides directors and officers a broad range of D&O coverage to suit the fast-evolving risks and liabilities they face. Calling the

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Enbridge announces US$177 million settlement in connection with 2010 oil spills

July 21, 2016 by Canadian Underwriter

The U.S. Department of Justice (DOJ) and the Environmental Protection Agency (EPA) have announced a US$177 million settlement with Enbridge Energy Limited Partnership and several related Enbridge companies to resolve claims stemming from its 2010 oil spills in Marshall, Mich.,

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SGI Canada reports underwriting income of $42 million for 15 months ending March 31

July 19, 2016 by Canadian Underwriter

Saskatchewan Government Insurance announced Monday that the province’s Auto Fund had an underwriting loss of $11.1 million for the 15 months ending March 31, 2016, while SGI Canada, the competitive arm of SGI, had underwriting income of $42 million during

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Q1 claims costs up 48.1% at Manitoba Public Insurance

July 19, 2016 by Canadian Underwriter

Manitoba Public Insurance Corp., the crown corporation that writes auto insurance in the province, reported Friday its underwriting loss was $33.8 million during the three months ending May 31. MPI had reported underwriting income of $40.73 million in the three

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Most companies unprepared for emergence of autonomous vehicles: Munich Re survey

July 19, 2016 by Canadian Underwriter

Most companies are unprepared for the emergence of autonomous vehicles (AVs), with 64% of polled risk managers saying that their companies have done nothing to prepare for the emergence of these vehicles in the auto market, according to a Munich

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Chubb introduces insurance product for private Canadian companies

July 18, 2016 by Canadian Underwriter

Chubb Ltd. announced on Monday that it has launched a modular insurance policy designed specifically for Canadian privately owned companies. ForeFront Portfolio addresses the broad range of liability risks faced by Canadian private companies in an increasingly risky and litigious