Canadian Underwriter

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Risk Management


News Risk

Threat of Canada Post strike still alive

October 7, 2018 Terry Pedwell - THE CANADIAN PRESS

OTTAWA – The union representing 50,000 employees at Canada Post panned the latest contract offers from the corporation Thursday, calling them “disappointing” and keeping alive the threat of a work stoppage as the busy holiday online shopping season approaches. Two

News Insurance

Canadian drivers don’t fully understand cannabis impairment

October 4, 2018 by David Gambrill

Canadians know that driving while high on marijuana causes a risk to road safety, but they don’t seem to understand cannabis impairment fully, according to a recent Leger poll conducted on behalf of the Insurance Bureau of Canada (IBC). Eighty-four

News Legal

Police make arrests in alleged vehicle cloning operation

October 4, 2018 The Canadian Press

Edmonton police say three people face charges in an alleged vehicle identification number cloning operation. Police say they uncovered the scheme last week when they searched a home, where they say they found a stolen BMW and Mercedes, as well

News InsuranceMarkets / CoveragesRisk

Will pot’s health effects lead to the industry’s next tobacco liability exposure?

October 3, 2018 by Greg Meckbach

Marijuana could cause mental illness among youth and government needs to find ways of preventing teens from using it, an Ontario politician said Tuesday. “There are many young people who had their lives turned upside down, and families turned upside

News ClaimsRisk

Artist or hoarder? Why insurers don’t like clutter

October 2, 2018 by Greg Meckbach

Self-employed artists who work from their own apartments with large quantities of material should have sprinkler systems and firewalls, a Toronto fire inspector suggests. In 2017, Toronto Fire Services ordered an apartment tenant – identified only as K.R. – to

News Legislation / RegulationRisk

The ‘wake-up call’ for brokers placing D&O liability

October 2, 2018 by Greg Meckbach

A multi-million-dollar pollution clean-up order that spooked the Canadian insurance industry has some commercial brokers taking a good hard look at the exact wording of mid- to large-sized clients’ directors and officers (D&O) liability policies. The Ontario Ministry of the

News Legislation / Regulation

Bank of Canada studying issues around a central bank digital currency

October 2, 2018 The Canadian Press

CALGARY – The Bank of Canada is looking at the key questions around the design of a digital currency and the issues surrounding such an idea, a senior Bank of Canada official said Monday. However, deputy governor Timothy Lane told

News InsuranceLegislation / RegulationMarkets / Coverages

What changed for insurance industry under the new trade deal?

October 1, 2018 by David Gambrill

Aside from the name change from NAFTA to the United States-Mexico-Canada Agreement (USMCA), what changed for Canada’s property and casualty insurers under the new free trade agreement announced Monday? Not a whole heck of a lot, it would appear. Regulations

News InsuranceRisk

How driverless vehicles may make crash injuries worse

October 1, 2018 by Jason Contant

The severity of some accidents may increase as vehicles become driverless, in part because driver orientation will change, a crash reconstructionist told Canadian Underwriter in an interview last week. Currently, drivers are sitting in their seats, properly belted with their

News Mergers and AqcuisitionsRiskTechnology

Managing your client’s M&A risk with A.I.

October 1, 2018 by Greg Meckbach

Mergers and acquisitions come with risks for buyers, and one law firm uses machine learning to help clients manage at least some of those risks. One risk to a buyer is when the target company has liabilities – such as

News LegalMarkets / CoveragesRisk

Walmart fined $20K for selling contaminated food after Fort McMurray wildfire

October 1, 2018 The Canadian Press

FORT MCMURRAY, Alta. – Walmart Canada has been ordered to pay a $20,000 fine for selling contaminated food after a devastating wildfire in northern Alberta two years ago. Some of the charges against Walmart included failing to dispose of food

News InsuranceRisk

This province’s licence suspension system is ‘fundamentally flawed’

September 28, 2018 Peter Cameron - THE CANADIAN PRESS

TORONTO – Ontario’s ombudsman says the system for notifying drivers that their licence has been suspended is “fundamentally flawed” leaving many people unwittingly driving with invalid licences. In a report released on Thursday, Paul Dube makes 42 recommendations designed to