Canadian Underwriter

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Risk Management


News InsuranceMarkets / CoveragesTechnology

Locomotive recorder legislation law takes aim at railway risk managers

May 29, 2018 by Greg Meckbach

A new federal law passed Thursday is intended to mandate the videotaping of locomotive crews in order to let railway risk managers help prevent accidents. Bill C-49, The Transportation Modernization Act, was signed Thursday into law by Governor General Julie

News ClaimsInsuranceMarkets / Coverages

City of Vancouver files claim against owners of vessel that leaked fuel in 2015

May 29, 2018 Canadian Press

Vancouver Mayor Gregor Robertson says the city has filed a federal court claim against the owner of a vessel that spilled fuel into English Bay in 2015, as part of the city’s continuing effort to get compensation for its response

News EmploymentInsuranceProfessional Development

Paid Part 3 of DGA study reveals how to achieve your ideal insurance career

May 29, 2018 DGA Careers

What direction do you see your insurance career taking over the next five years? Are you on a path to the C-suite or other leadership role? Alternatively, do you have a more entrepreneurial vision for either starting a company or

News Technology

Why North America is the costliest for SMB data breaches

May 28, 2018 by Jason Contant

North America is the most expensive location for a small and medium-sized business (SMB) to suffer a data breach, with SMBs in Canada and the United States also having the highest recovery cost, according to a new study. This year’s

News Legal

BMO and CIBC’s Simplii warn fraudsters may have accessed data of 40,000 clients

May 28, 2018 The Canadian Press

TORONTO – Two of Canada’s biggest banks are warning that “fraudsters” may have accessed certain personal and financial information from some customers. The Bank of Montreal said fraudsters contacted the bank on Sunday claiming to be in possession of certain

News InsuranceLegal

Could bombed restaurants be held liable for not mitigating risk?

May 27, 2018 by Greg Meckbach

Restaurant operators face minimal liability risk when customers are injured in bombing attacks, but the risk is extremely low if the attacks are unforeseen and the company does what is “reasonable under the circumstances” to manage risk, an insurance defence

News InsuranceMarkets / CoveragesTechnology

Forget insurtechs: your next competitors will be Google, Amazon, and Facebook

May 27, 2018 by Jason Contant

Just under one-third of customers globally (22.8% in Canada) are willing to buy insurance products from “BigTech” companies such as Amazon, Facebook and Google, a new report has found, suggesting a greater need for traditional insurance providers to “develop future-ready

News ConstructionInsuranceMarkets / Coverages

Kinder Morgan begs the question: Is civil disobedience an insured risk?

May 27, 2018 by Jason Contant

With continued legal challenges and protests surrounding construction of the proposed new Kinder Morgan pipeline, potential insurance repercussions could be just around the corner. An Insights West opinion poll released last month found that more than one in 10 British

News InsuranceMarkets / Coverages

Election 2018: Will Ontario get public auto?

May 27, 2018 by Greg Meckbach

If an election were held today in Ontario, the country’s largest private auto insurance market would be governed by a party that has promised public auto insurance in the past. Forum Research announced Thursday it projects a New Democratic Party

News CatastrophesInsuranceMarkets / Coverages

These structures can help prevent the spread of wildfires in Canada

May 24, 2018 Bill Graveland - THE CANADIAN PRESS

CALGARY – A University of Calgary study says there need to be more wide, open spaces to prevent catastrophic wildfires like the one that devastated the city of Fort McMurray in northeastern Alberta two years ago. Researchers from the university’s

News InsuranceMarkets / Coverages

How the privacy commissioner aligned with mutuals on Bill C-74

May 23, 2018 by David Gambrill

Canadian privacy law as it currently stands may not be enough to protect Canadians if banks are allowed to disclose their customer data to fintechs, Canada’s privacy commissioner told the Canadian Senate Committee on Banking, Trade and Commerce Wednesday. “Financial

News InsuranceLegislation / RegulationTechnology

Dozens of North American securities regulators target cryptocurrency schemes

May 23, 2018 The Canadian Press

TORONTO – Dozens of North American securities regulators have joined forces to investigate and warn investors about cryptocurrency-related schemes. Operation Cryptosweep includes more than 40 regulators in the U.S. and Canada, including the Ontario Securities Commission, which issued a release