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workers compensation

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Mechanic barred from suing employer over workplace injury

August 13, 2018 by Greg Meckbach

A Newfoundland and Labrador construction company no longer faces a lawsuit from the estate of an injured worker, after the Supreme Court of Canada announced Thursday it will not hear an appeal. Many Canadian corporate clients lack liability insurance covering

News InsuranceLegislation / Regulation

Workplace injury could be covered by CGL policy, triggering insurer’s duty to defend: Court

March 19, 2018 by Greg Meckbach

Intact has a duty to defend a lawsuit arising from a workplace injury under a commercial general liability policy, the Alberta Court of Appeal ruled. Normally workplace injuries are covered under no-fault provincial workers compensation programs rather than by property

News ClaimsConstructionInsurance

Marijuana impairment-related losses could potentially trigger GL policies: RIMS speaker

September 27, 2017 by Angela Stelmakowich

Insurers would be well-advised to track the evolving marijuana risk to determine if impairment-related loss history could trigger defence and indemnification obligations under employers’ general liability policies, it was suggested Tuesday during a session at the RIMS Canada Conference in

News Mergers and AqcuisitionsTechnology

Insurers increasingly concerned about “silent cyber” exposure: Willis Re poll

September 12, 2017 by Canadian Underwriter

About half of polled insurance industry practitioners see the risk of “silent cyber” exposure – potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk – as growing over the coming year, according

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. commercial insurance prices remain nearly flat in the second quarter: Willis Towers Watson survey

September 11, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were again nearly flat during the second quarter of 2017, global advisory, broking and solutions company Willis Towers Watson (WTW) reported on Monday. For the eight quarter in a row, price changes were

News ConstructionEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber market ‘softer than ever,’ commercial property, general liability rates down in U.S. in Q2: CIAB

August 23, 2017 by Canadian Underwriter

Responses from brokers surveyed indicate commercial property insurance rates in the United States dropped an average of 3.6% during the three months ending June 30, with average premium pricing down 1.44% in cyber, in a market that is “softer than

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Fairfax ‘not oriented’ towards more acquisitions: Watsa

August 10, 2017 by Canadian Underwriter

Officials with Fairfax Financial Holdings Ltd., which recently bought a majority interest in Allied World Assurance Company Holdings AG, “want to look at how” they can “organically expand” the firm’s existing business, chairman Prem Watsa told financial analysts recently. Toronto-based

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Premium renewal rate positive across almost the majority of commercial product lines in U.S.: IVANS

August 3, 2017 by Canadian Underwriter

The premium renewal rate change for most standard commercial lines products in the United States remained in positive territory for July, with workers’ compensation representing the only standout, notes the latest IVANS Index. The majority of standard commercial lines products

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

‘Significantly more’ than 90% of Allied World Assurance shareholders expected to tender stock for Fairfax merger

July 5, 2017 by Canadian Underwriter

Officials with Allied World Assurance Company Holdings AG “fully expect” that all closing conditions for the merger with Toronto-based Fairfax Financial Holdings Limited will be met by Thursday, Allied World suggested in Wednesday in a press release. A deadline, for

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Commercial insurance prices in the U.S. increased by less than 1% for sixth straight quarter: Willis Towers Watson

June 12, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were nearly flat during the first quarter of 2017, according to the last Commercial Lines Insurance Pricing Survey (CLIPS) from Willis Towers Watson (WTW). The survey, released on Monday, compared prices charged on

News InsuranceMergers and Aqcuisitions

All major commercial product lines in U.S. market enter positive territory: May IVANS Index

June 2, 2017 by Canadian Underwriter

May marked the first time in several months that the premium renewal rate for all major commercial product lines in the United States were up year-over year, notes a new index released Thursday by IVANS, a division of Applied Systems.

News InsuranceLegalLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsProducts

Canadian insurance industry needs clear direction and proper framework to address marijuana legalization, industry event hears

June 2, 2017 Jason Contant, Online Editor

The insurance industry in Canada needs clear direction from governments and a proper framework to address the upcoming legalization of marijuana, attendees to an industry event heard on Thursday. “First and foremost, we do not as an industry, and cannot,