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Cannabis: opportunities and risks for brokers — Part 1 of 2 [podcast]

March 8, 2019 by Canadian Underwriter

How will you as a broker seize on the opportunities associated with cannabis insurance? Legalized last year, cannabis possession in Canada is opening up a whole new world of potential business clients. Do you know the short-term and long-term risks…

News InsuranceMarkets / CoveragesMergers and AqcuisitionsMGAs

Burns & Wilcox Canada acquires specialty MGA

March 7, 2019 by Jason Contant

H.W. Kaufman Group and Burns & Wilcox Canada announced Thursday they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd., a managing general agency with unique transportation expertise. TRU will become part of B&W Canada, a flagship organization of Kaufman and…

News InsuranceTechnology

Wawanesa’s plan to innovate at scale

March 7, 2019 by Jason Contant

Having a flexible and accommodating schedule is key to incorporating innovation into an organization, the director of Wawanesa Mutual Insurance Company’s Innovation Outpost said recently. Last June, Wawanesa opened its Innovation Outpost lab in Kitchener, Ont. One of the first…

News Insurance

How Aviva Canada’s profitability fared in 2018

March 7, 2019 by David Gambrill

Editor’s Note: This version of the article includes a correction showing that operating profit was flat at £46 million (approximately Cdn$82 million in 2018, and Cdn$78 million in 2017). A previous version incorrectly showed the operating profit of 46 million…

News InsuranceLegal

How this paperwork accident gave condo dweller stamp collection coverage

March 7, 2019 by Greg Meckbach

For insurance professionals who put together renewal packages, some mistakes are worse than others. A case in point is sending a “quality package” that refers to a different kind of policy, rather than the policy you are renewing for the…

News Claims

Fatal fire damages Abbotsford, B.C. apartment building

March 7, 2019 by Greg Meckbach

ABBOTSFORD, B.C. – The BC Coroners Service confirms one person has died in an apartment fire in Abbotsford. Coroners service spokesman Andy Watson says a woman in her 60s died in the blaze that broke out about 10:30 p.m. Wednesday.…

News Legislation / Regulation

What Alberta is doing to reduce collision risk

March 6, 2019 by Colette Derworiz - THE CANADIAN PRESS

EDMONTON – Drivers using Google Maps are getting a last-minute warning as they approach some photo radar camera locations. The feature, which is currently being rolled out by Google, allows users to see speed limits, speed cameras and mobile speed…

News CatastrophesClaimsInsurance

Early storm warning for insurers: $40 million for January storm in eastern Canada

March 6, 2019 by Jason Contant

A winter storm in late January that brought snowfall, freezing rain, rain and strong winds to eastern Canada caused over $39 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ). Most of the damage occurred on Jan.…

News LegalRisk

This research can help defend slip and fall claims

March 6, 2019 by Greg Meckbach

If your client owns or manages a property, can it put a number on the slipperiness of the surfaces? This is what companies managing an Ottawa property did after they were sued for $2.9 million by a civil servant who…

News InsuranceTechnology

How innovation changes the underwriter’s job

March 6, 2019 by Greg Meckbach

Technology and data will change the underwriter’s job but will not eliminate it, suggests Russell Johnston, chief executive officer for North America of QBE Insurance Group Limited. “At the end of the day, people still make the decisions,” Johnston said…

News InsuranceMarkets / CoveragesRisk

What lies behind the unexpected Alberta quake

March 6, 2019 by Jason Contant

Perhaps the largest-ever earthquake to hit a section of central Alberta caused no immediate reports of damage, but knocked out power for more than 4,000 customers. Could fracking be the culprit? In this case, Alberta Energy Regulator (AER) is probing…

News InsuranceMarkets / CoveragesTechnology

The insurance implications of digital healthcare

March 5, 2019 by Jason Contant

As the digital healthcare market continues to evolve, the insurance industry in Canada should consider gaps or exclusions in current policies and the need for a bespoke option. Digital healthcare will include a focus on two areas: Telemedicine – remote…