Canadian Underwriter

Keyword
Policy

News ClaimsInsuranceLegal

What the court said about a family law approach to “spouse” in auto AB claim

July 11, 2018 by David Gambrill

The meaning of the term “spouse” under the Family Law Act is not applicable when determining eligibility for accident benefits under an auto insurance policy, an Ontario court has ruled in a priority dispute between insurers. In Royal & Sun

News Insurance

AGCS expands terrorism, political violence insurance offering in the U.S.

August 24, 2017 by Canadian Underwriter

Allianz Global Corporate & Specialty (AGCS) is now providing bespoke coverage designed to protect U.S. businesses faced with loss related to terrorism and political violence both at home and overseas. Given the recent tragic events in Europe and Virginia, the

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProducts

The Commonwell Mutual Insurance Group launches new policy to protect clients against “home sharing rentals gone wrong”

July 10, 2017 by Canadian Underwriter

Lindsay, Ont.-based The Commonwell Mutual Insurance Group, a home and auto insurance company, announced on Monday the launch of a new policy designed to protect clients against “home sharing rentals gone wrong” on popular sites like Airbnb, FlipKey and HomeAway.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

AIG, IBM and Standard Chartered Bank pilot “first multinational insurance policy powered by blockchain”

June 15, 2017 by Canadian Underwriter

American International Group Inc. (AIG), IBM and Standard Chartered Bank plc announced on Thursday that they have successfully piloted what they are calling the “first multinational ‘smart contract’ based insurance policy using blockchain.” Working together, AIG, IBM and international banking

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Non-approved Ontario auto forms do not always render insurance contracts void: Court of Appeal

May 10, 2017 by Canadian Underwriter

If an Ontario auto insurer uses a form that is not approved by the province’s Superintendent of Financial Services, this does not necessarily render the contract of insurance void, the province’s appeal court suggested in a ruling released Wednesday. On

News InsuranceMarkets / CoveragesTechnology

Silent cyber a big issue, most companies with insurance book have exposure: AIR Worldwide’s Stransky

April 25, 2017 Angela Stelmakowich

PHILADELPHIA – Silence is decidedly not golden when it comes to cyber risk, Scott Stransky, assistant vice president and principal scientist for AIR Worldwide, suggested to Canadian Underwriter in advance of the RIMS 2017 Annual Conference & Exhibition. Silent cyber

News Earnings / Ratings

Policy uncertainty, rising rates pose credit risks in North America: S&P report

December 7, 2016 by Canadian Underwriter

Canada is expected to witness a slower pick-up in business investment until a clearer picture develops on recent developments around credit conditions south of the border, including the influence of the outcome of the recent U.S. election, suggests a briefing

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Corporate “no-cloud” policies will be as rare as “no-Internet” policies by 2020: Gartner

June 22, 2016 by Canadian Underwriter

By 2020, a corporate “no-cloud” policy will be as rare as a “no-Internet” policy is today, according to a new report from information technology research and advisory company Gartner, Inc. Cloud-first, and even cloud-only, is replacing the defensive no-cloud stance

News AssociationsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Sharing economy an opportunity for insurers, government should focus on objectives: OMIA speaker

April 1, 2016 by Angela Stelmakowich

Regulators would do well to resist taking a “whack-a-mole” approach to the sharing economy – something that could result in a $20 billion market in Canada within the next decade – and, instead, consider their ultimate objectives, Sunil Johal, policy