Canadian Underwriter

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Risk Management


News Claims

How warning signs factored in this ski resort’s lawsuit defence

June 4, 2019 by Greg Meckbach

A warning sign and the plaintiff’s work experience were among the reasons a personal injury lawsuit against Vancouver’s Grouse Mountain Resorts Ltd. has been dismissed. Jason Apps was catastrophically injured while snowboarding in March, 2016 at Grouse Mountain. The ticket

News Climate ChangeInsurance

Is climate change to blame for Alberta wildfires?

June 3, 2019 by Jason Contant

Is climate change causing the massive wildfires that are burning out of control in Alberta, which are now reportedly nearing half the size of the 2016 Fort McMurray wildfire? Not on its own, but climate change can mean a fire

News InsuranceRisk

Terrorism is changing. How coverage is following suit

June 3, 2019 by Greg Meckbach

As the terrorism threat shifts from large-scale attacks to softer targets, coverage options from insurance carriers are evolving as well. Some policies cover incidents when an attacker uses a gun, knife or acid for example, Tarique Nageer, Marsh LLC’s terrorism

News Insurance

Guess who’s in the flood prevention business now

May 30, 2019 by David Gambrill

We’ve seen forensic engineering firms apply remediation methods to commercial and residential properties that were affected by flood damage. But now, as flooding has become more severe, they are in the vanguard of building comprehensive and tailored flood prevention and

News EmploymentLegislation / Regulation

Retirement: How “Freedom 55” may become “Freedom 65+”

May 30, 2019 by Adam Malik

The Canadian Institute of Actuaries (CIA) wants to talk about delaying the traditional retirement age to beyond 65. Many are already choosing to work beyond age 65 anyway, said John Dark, CIA president. “It makes sense to update our country’s

News Insurance

What you will be insuring in 10 years (hint: not so much auto)

May 27, 2019 by Adam Malik

Expect to write less auto coverage with the rise of autonomous vehicles in 10 years’ time, and more coverage related to climate change, property lines, and emerging risks. Thanks to the progress expected of autonomous vehicles, auto insurance will plateau,

News RiskTechnology

Cyber hacking: customized for Canada

May 27, 2019 by Jason Contant

Brokers advising their clients on cyber security will want to take note of new research that identified nearly 100 malicious email campaigns that were specifically targeted at Canadian organizations or were customized for Canadian audiences. “Much of this is due

News Climate ChangeRisk

These risks call for better models

May 22, 2019 by Greg Meckbach

Commercial clients need better tools to help risk managers predict their financial exposure to climate change and geopolitical factors, Canadian risk managers say. The risk from climate change “will be pervasive and have a massive impact and it’s something that

News InsuranceTechnology

Huawei a small part of an ‘insurmountably hard problem’ of cybersecurity

May 22, 2019 by Greg Meckbach

The controversy over telecommunications equipment from Chinese manufacturer Huawei is just the tip of a large cyber risk iceberg, an Internet security expert warns. “The question is, should we trust the country in which the company whose products and services

News ClaimsLegal

Bartenders’ liability for impaired driving accidents – civil versus criminal

May 22, 2019 Paola Loriggio - THE CANADIAN PRESS

Legal experts say criminal charges like those laid against a former bar server in connection with a drunk-driving crash that killed two Ottawa-area teens are rare and difficult to prove. Ann Senack, 62, of Greater Madawaska Township, was charged in

News InsuranceMarkets / CoveragesTechnology

Why rewards programs are a new cyber threat

May 21, 2019 by Jason Contant

If your client offers loyalty and rewards programs, they may want to keep a closer eye on securing these “non-traditional risk points” from cyber criminals. Earlier this year, several McDonald’s customers in Canada complained that criminals had breached their accounts

News RiskTechnology

How this type of client is reducing fraud risk

May 17, 2019 by Greg Meckbach

Biometrics and two-factor authentication will become more popular tactics for mitigating cyber crime risk, a British Columbia credit union executive predicts. “I feel like I do a lot of biometrics,” said Marilyn Mauritz, chief transformation and governance officer at Vancouver-based