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Commercial clients should do this before they leave for the day

January 16, 2020 by Greg Meckbach

Are your clients checking the bathrooms before they leave work for the day? “The last thing you want is to leave someone with access to your property after the doors have been locked,” Northbridge Insurance noted in Closing time: Making…

News InsuranceRisk

Are you following these password blunders?

January 16, 2020 by Adam Malik

From leaving passwords written on sticky notes laying around to using simple passwords to not using proper technology to secure client data, employees and companies still have much to learn about data security, according to a recent report. And with…

News CatastrophesInsuranceMarkets / Coverages

Should the industry have a specific line of business for ‘catastrophe’?

January 16, 2020 by Jason Contant

Is it time the insurance industry starts zeroing in on a single definition of catastrophe? Traditionally, the industry would offer a named perils policy outlining specific catastrophe coverages or an all-risks policy, which covered risks unless they were specifically excluded.…

News Claims

Newfoundland expected to see up to 70 cm of snow

January 16, 2020 by The Canadian Press

ST. JOHN’S, N.L. – Residents of eastern Newfoundland are bracing for a blizzard on Friday. Blizzard warnings have been issued for much of the region, where up to 70 centimetres of snow is expected to fall on the northeastern edge…

News Commercial LinesInsuranceRisk

How all-encompassing is the war risk exclusion?

January 15, 2020 by Greg Meckbach

Exclusions in commercial insurance for losses arising from violence might be broader than some of your clients think. “The war risk exclusion does not just apply where war has been officially declared between two or more countries,” said Lalita Mohabir, national…

News ClaimsInsuranceLegislation / Regulation

Your client’s vehicle is damaged by a massive pothole. Is it covered and is the city liable?

January 15, 2020 by Jason Contant

You’re on your way to work minding your own business when all of a sudden you drive over a massive pothole and damage your car. Does your auto insurance cover it and can the city be held liable? In short,…

News ClaimsClaims CanadaLegislation / Regulation

Roadside licence suspensions for impaired drivers faces court challenge

January 15, 2020 by Greg Meckbach

The British Columbia law intended to immediately get impaired drivers off the road could be headed – yet again – to the Supreme Court of Canada. Canada’s top court announced Jan. 10 that Larry Edward Lemieux has applied for leave…

News InsuranceRisk

How to reduce a condo corporation’s insurance premiums

January 15, 2020 by David Gambrill

With condo insurance premiums on the rise – in some jurisdictions, premiums have reportedly increased by 780% — and coverage scarce, legal counsel and Canadian Underwriter readers have a few ideas for the Insurance Bureau of Canada’s forthcoming risk manager…

News Claims

Blizzard warning issued for southern B.C. region

January 15, 2020 by The Canadian Press

VANCOUVER – A powerful snowstorm that has closed part of Highway 1 east of Vancouver, shuttered every public school and university across southern Vancouver Island and Metro Vancouver, has now led to a rare blizzard warning for a region just…

News InsuranceMarkets / Coverages

Why business interruption worries Canadians more than cyber

January 14, 2020 by Adam Malik

Business interruption outranked cyber incidents as top concerns for Canadian businesses, brokers and trade organizations, according to a new report from Allianz Global Corporate & Specialty. Globally, however, it’s the other way around. When the annual Allianz Risk Barometer, which…

News BrokersInsuranceMergers and Aqcuisitions

Brokerage expands into Yukon with acquisition

January 14, 2020 by Jason Contant

Western Canadian independent insurance brokerage CapriCMW Insurance Services Ltd. announced Monday it has expanded into Yukon with the acquisition of an office from Aon Reed Stenhouse Inc. The longstanding Aon office at 201-9016 Quartz Road in Whitehorse will begin operating…

News BrokersInsuranceMarkets / Coverages

Will cyber insurance ever be fully standardized?

January 14, 2020 by Jason Contant

Will cyber insurance products ever become completely standardized? While aspects of cyber insurance, such as language around data breach, have become more standardized, there is still an overall lack of standardization across the line. Canadian Underwriter has also heard suggestions…