Canadian Underwriter

Keyword
Social Inflation

News Insurance

How to prevent a minor loss from turning into a huge claim

May 3, 2021 by Adam Malik

Although American inventor and Founding Father Benjamin Franklin was not referring to insurance when he penned the famous words “time is money,” today’s risk managers should take the expression to heart if they wish to reduce their companies’ claims costs.

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Opinion: Why the industry is wrong about litigation funding

November 12, 2020 Paul Rand, Omni Bridgeway

Litigation funding provides companies and individuals with an important strategic tool. But a few leaders in the insurance industry warn us to “watch out” for litigation funding. They claim it could “significantly raise insurers’ costs.” Good news: They’re wrong. Writer

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Watch out for litigation funding in Canada, industry execs warn

October 2, 2020 by Adam Malik

A leader in the Canadian P&C industry is sounding the alarm about the rise of litigation funding in Canada. Litigation funding is an arrangement in which a third-party company — not the plaintiff’s law firm — agrees to fund all

News Insurance

‘Bold and underline that’ — What this Aon exec says is the top reinsurance issue

September 25, 2020 by Adam Malik

Social inflation is the top item of concern for an Aon reinsurance executive, even if it’s an issue being exacerbated in the United States rather than in Canada. “I would bold and underline that — that is, I think, the