Canadian Underwriter

News

News InsuranceRisk

Three reasons innovation labs almost always fail

July 22, 2019 by Jason Contant

Lack of alignment with the business is one of the three main reasons innovation labs fail, according to Simone Bhan Ahuja, an author, speaker and founder of innovation advisory Blood Orange. The lack of metrics to track success and lack…

News Insurance

Fairfax replaces Allied World CEO

July 22, 2019 by Greg Meckbach

Scott Carmilani, until recently CEO of Allied World Assurance Company Holdings GmbH,  has a new role with Fairfax Insurance Group, Toronto-based Fairfax Financial Holdings Ltd. announced last week. Fairfax owns about two-thirds of Zug, Switzerland-based Allied World. Replacing Carmilani as CEO…

News InsuranceMarkets / CoveragesMGAs

Here’s why insurance for social media influencers is growing

July 22, 2019 by Jason Contant

Media personality Kylie Jenner caused a stir last year when she asked on Twitter if anybody still uses messaging app Snapchat. “She’s obviously such a strong [social media] influencer that I think it was alleged that she single-handedly wrote $1.3…

News Insurance

Multiple homes evacuated after Winnipeg fire destroys warehouse

July 22, 2019 by THE CANADIAN PRESS

WINNIPEG – A central Winnipeg warehouse that covers a full city block has been destroyed by an overnight fire. Emergency officials say the flames had spread through a large part of the building by the time crews arrived shortly before…

News InsuranceLegal

How diligent note-taking helped this broker defend a lawsuit

July 22, 2019 by Greg Meckbach

Keeping meticulous files is one reason an Ontario cottage country brokerage was largely successful in defending a lawsuit from a homeowner client. In Monk v. Farmers’ Mutual Insurance Company (Lindsay) released this past Friday, the Court of Appeal for Ontario…

News Brokers

Why this hard market is different than past hard markets

July 19, 2019 by Adam Malik

Cancelled contracts. Price shoppers. Frustrated clients. Brokers are facing no shortage of challenges as the market gets tighter. Younger brokers are entering their first foray into a hard market. But even for those of a certain vintage, this one feels…

News InsuranceMarkets / CoveragesProducts

Where to find travel coverage for thrill-seekers and pre-existing conditions

July 19, 2019 by Jason Contant

CAA Travel Insurance has introduced two new endorsements for thrill-seekers and travellers with pre-existing conditions. The products, an Adventurous Air Activities Rider and a Seven-Day Pre-Existing Condition Rider, include coverage that is not typically available in standard travel insurance policies,…

News Insurance

How might car-sharing insurance be changed?

July 19, 2019 by Jason Contant

Ontario’s government is considering changing how insurance applies to vehicle subscription services. Included in the provincial government’s 2019 budget document released in April was a proposal “enabling innovation and new business models to give drivers more options, such as car…

News Insurance

One insurance role that could be wiped out by artificial intelligence

July 19, 2019 by Greg Meckbach

Artificial intelligence is going to have a big impact on adjusters, actuaries and insurance agents, but it won’t necessarily kill their jobs, an AI expert suggests. But lower-skilled jobs may be in jeopardy. “Jobs at call centres are going to…

News Insurance

Ontario appoints special adviser on flooding

July 19, 2019 by Allison Jones - THE CANADIAN PRESS

Ontario has appointed a special adviser on flooding to recommend ways the province can reduce the impacts of flooding and help communities deal with them. Doug McNeil is a former Manitoba deputy minister of infrastructure and transportation and held senior…

News Insurance

Extensive fire damage to 29-unit PEI apartment building

July 18, 2019 by THE CANADIAN PRESS

CHARLOTTETOWN – A pre-dawn fire has extensively damaged a three-storey apartment building in downtown Charlottetown displacing more than 50 people. The Canadian Red Cross says most of the tenants in the 29-unit complex on 10 Harley Street are seniors. The…

News BrokersEmployment

Some questionable items employees have expensed

July 18, 2019 by Adam Malik

If you haven’t been paying attention to your employees’ expense reports, you may want to take a closer look. A recent study has found that despite strict guidelines around expense reporting, a number of questionable items are still being submitted…