Canadian Underwriter

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Risk Management

News LegalRisk

The big question mark on supply chain liability risk

October 23, 2019 by Greg Meckbach

What liability risk do Canadian corporate clients face if they have supply chains in countries where workers are vulnerable to abuse or unsafe working conditions? It’s an open question right now, but brokers could get some guidance once the Supreme

News AdjustersClaims CanadaInsuranceRisk

Take-up rates low in this line of commercial insurance: Lloyd’s

October 22, 2019 by Greg Meckbach

Is your client’s loss of income covered if the business got interrupted because of a catastrophe that hit a supplier? That depends on what the policy says and whether the client actually bought contingent business interruption (CBI) insurance. And these

News InsuranceLegalRisk

How much leeway does a condo corporation have when conducting repairs?

October 18, 2019 by Jason Contant

If a condo corporation enters your client’s unit to repair suspected flood damage but finds other hazards, can they complete those additional repairs instead and seek reimbursement from the unit owner? It would appear not, if the factors of the

News RiskTechnology

How this city made basement flooding risk predictions more precise

October 17, 2019 by Greg Meckbach

Brokers wanting to find out how likely their client’s basement will be flooded might want to ask whether the insurance companies are using data from the municipality in their flood maps. “A lot of residents have indicated concerns with purchasing

News InsuranceMergers and AqcuisitionsTechnology

5 lessons for M&A newbies, courtesy of serial acquirers

October 10, 2019 by Jason Contant

What are some of the best practices in mergers and acquisitions (M&A)? David Hunt, senior director of mergers and acquisitions at Willis Towers Watson, said in a recent blog that newcomers can learn from the best serial acquirers. While not

News InsuranceLegal

Quebec to appeal court ruling on homegrown cannabis

October 10, 2019 The Canadian Press

QUEBEC – The Quebec government says it will appeal a decision invalidating parts of Quebec’s cannabis law that prohibited home cultivation. On Sept. 3, Quebec Superior Court Justice Manon Lavoie ruled Quebec’s legislation infringed upon the jurisdiction of the federal

News Insurance

Are federal politicians and the P&C industry aligned on flood prevention?

October 4, 2019 by Adam Malik

Insurance Bureau of Canada (IBC) has “been very vocal” throughout the federal election campaign on the need for a national plan to reduce flood risk, Craig Stewart, the group’s vice president of government affairs told Canadian Underwriter in a recent

News InsuranceLegislation / RegulationRisk

Province considering regulatory changes for vaping

October 3, 2019 The Canadian Press

HALIFAX – Nova Scotia Premier Stephen McNeil says his government is looking at regulations that could ban flavoured vaping products in the province. McNeil responded Wednesday after the Opposition Progressive Conservatives introduced legislation aimed at addressing the growing numbers of

News CatastrophesInsurance

The burning question: where is Canada’s national wildfire plan?

October 1, 2019 by Adam Malik

Enough talk about wildfire risk has taken place, says Zurich Canada’s risk boss. Now there needs to be real action around building a national strategy on wildfires. It’s been three years since the wildfires in Fort McMurray, Alta., for which

Feature CatastrophesRisk

When more Isn’t merrier

September 27, 2019 Adam Malik, Managing Editor

How can a joyous occasion turn into a nightmare scenario? The perils of public parades

News BrokersRisk

What risk managers want from their brokers

September 26, 2019 by Adam Malik

As the market transforms, risk managers are looking for their brokers to keep them up to speed on market dynamics and why they are happening, a panel discussion said. Times are more challenging for everyone in the insurance industry, which

News InsuranceRisk

Why now is the time to shine for risk managers

September 24, 2019 by Adam Malik

Facing increasingly difficult market conditions means now’s the time risk managers can prove their true worth, one expert told a recent panel. Steve Pottle, director of risk management at Thompson Rivers University in Kamloops, B.C., said that as renewal costs