Canadian Underwriter

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Risk Management


News InsuranceLegislation / Regulation

The client that should resemble a jail

July 18, 2018 by Greg Meckbach

Once the new cannabis regulations take effect this October, commercial brokers servicing marijuana-producing clients should ask clients what they are doing to keep their production facilities secure. If a commercial underwriter gets an application for insurance from a cannabis grower,

News Insurance

Tobacco lawsuit defence set back by Supreme Court of Canada

July 18, 2018 by Greg Meckbach

The Supreme Court of Canada has ruled against the maker of Marlboro cigarettes, which is being sued by the British Columbia government for the cost of treating smoking-related illness. Part of the issue in question centres around whether the province

News Legal

Distracted cycling? Ontario man charged after colliding with transport truck

July 18, 2018 The Canadian Press

SOUTH WEST OXFORD TOWNSHIP, Ont. – Provincial police say a cyclist, allegedly distracted by his cellphone, is facing a charge after colliding with a transport truck in southwestern Ontario. Police say the collision occurred on Tuesday morning in South West

News EmploymentLegal

Ontario court does not have jurisdiction to hear proposed class action against police

July 17, 2018 Daniela Germano - THE CANADIAN PRESS

TORONTO – A judge has ruled that the Ontario Superior Court does not have the jurisdiction to hear a proposed class-action lawsuit that accused the Waterloo regional police force of gender-based bullying, violence and sexual misconduct. In a ruling released

News Reinsurance

Cyber criminal interest in electrical utilities on the rise

July 16, 2018 by Greg Meckbach

Electrical and utility firms in North America continue to be a target for cyber criminals, the head of a cyber loss modelling provider suggests. Over the past few months, there has been an “uptick in threat actor activity around energy

News ClaimsInsuranceMarkets / CoveragesTechnology

How a $395 gadget can prevent a $43,000 flood claim

July 16, 2018 by David Gambrill

Amid a wave of sump pumps, backwater valves and other methods designed to keep home basements dry comes a new, simple way to mitigate flood risk – an e-sensor. George Tsintzouras, CEO and co-founder of Canadian water tech company Alert

News CatastrophesClaimsInsuranceTechnology

Cyber catastrophe bonds: Coming soon?

July 13, 2018 by Greg Meckbach

With computer security incidents causing business interruption and privacy breaches, there is a “very real possibility” that a catastrophe bond covering cyber risk might be available, the head of a cyber risk modelling vendor predicts. Catastrophe bonds are a form

News Legal

Tobacco liability threat faces major convenience store chain and gas stations

July 12, 2018 by Greg Meckbach

The Canadian corporate owner of nearly 13,000 convenience stores and gas stations is warning it could be sued as a result of selling cigarettes. Alimentation Couche-Tard Inc. “could be sued for health problems caused by the use of tobacco products,”

News Claims

 ‘Potential risk’ to Toronto area prompts increased police presence

July 12, 2018 Peter Goffin - THE CANADIAN PRESS

Information about a “potential risk” in the Greater Toronto Area (GTA) led to an increase in police presence in Toronto’s downtown core on Thursday, but officers insisted the public should not avoid any of the city’s attractions, prompting confusion among

News ClaimsInsurance

Chemical spills from 1960s cost property owner $2 million

July 11, 2018 by Greg Meckbach

An Ottawa drycleaner has to pay a neighbouring property owner nearly $2 million because of environmental contamination that happened more than 40 years ago. Eddy Huang, who owns properties on Bank Street north of the Billings Bridge, sued drycleaner Fraser

News ClaimsInsuranceLegal

These directors resigned from their board but still got sued

July 9, 2018 by Greg Meckbach

A recently-announced agreement to settle a lawsuit valued at $500,000 shows the liability risk faced by directors of Ontario-based companies with overseas operations. Even though four directors and officers had resigned, citing a lack of cooperation with the company’s managers

News Markets / CoveragesTechnology

Why fully automated cars are a lot further away than you think

July 8, 2018 by Jason Contant

Don’t hold your breath waiting for the first fully autonomous car to hit the streets anytime soon. Car manufacturers have projected for years that we might have fully automated cars on the roads by 2018. But for all the hype that