Canadian Underwriter

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Risk Management


News InsuranceRiskTechnology

Why near-misses may hold the key to improved road safety

February 6, 2020 by Jason Contant

A startup based in Winnipeg is using near-miss data from intersections in an attempt to proactively, rather than reactively, help reduce traffic fatalities. “Up until now, traffic engineers have focused on using historical crash data that involve a fatality to

News Risk

Transportation minister orders speed restrictions after fiery derailment

February 6, 2020 The Canadian Press

GUERNSEY, Sask. – Transportation Minister Marc Garneau has announced speed restrictions on trains carrying dangerous goods after a derailment in Saskatchewan caused a dozen tankers carrying crude oil to catch fire. Garneau says the ministerial order will come into effect

News Risk

Will heavy precipitation in the U.S. lead to flooding in Manitoba?

February 5, 2020 The Canadian Press

WINNIPEG – Heavy precipitation in the United States is adding to concerns about potential flooding this spring in Manitoba. A report from the Manitoba government says precipitation amounts in the U.S. portions of the Red and Souris rivers since November

News BrokersInsuranceRisk

Brokers urged to help their commercial clients using these traditional, proven risk assessment tools

February 4, 2020 by David Gambrill

In addition to using modern data analytics, commercial brokers can use traditional, proven risk assessment tools to help business clients understand and cope with price increases in today’s hard market, says a veteran of three hard markets. Inspections have been

News InsuranceTechnology

These electronic devices might not be designed with cyber security in mind

February 4, 2020 by Greg Meckbach

Ransomware and privacy breaches may be among the top cyber threats on your radar, but are you aware of all of the connected manufacturing and other industrial control systems that may be at risk, a commercial insurer warns. “These production

News InsuranceRisk

Light earthquakes recorded around Newfoundland and Labrador

February 4, 2020 The Canadian Press

ST. JOHN’S, N.L. – A number of light earthquakes have been recorded around Newfoundland and Labrador over the last week, according to Earthquakes Canada. At approximately 2 p.m. local time on Monday, a magnitude 4.3 earthquake was registered in coastal

News CatastrophesClaimsClimate ChangeInsuranceRisk

This is how much severe weather claims could cost in 10 years

February 3, 2020 by Jason Contant

Large losses will become larger, and the average annual severe weather claims paid by insurers in Canada could more than double over the next 10 years, according to a new report from the Insurance Institute of Canada. Since 2013, severe

Feature RiskTechnology

How to sell cyber

February 2, 2020 Jason Contant, Online Editor

James Burns, cyber product leader with CFC Underwriting, shares his insights on what the industry needs to do to sell more cyber insurance policies. cu | How do successful brokers sell cyber insurance? They make cyber products relevant to the

Feature Technology

Who do you trust?

February 1, 2020 David Gambrill, Editor in Chief

A client’s personal information is gold to the P&C industry, which relies on data collection and analysis to make a profit. A report on how brokers and insurers are working together to safeguard the industry’s hot new currency — data.

News InsuranceRiskTechnology

Could a politician’s tweet void your cyber coverage?

January 31, 2020 by Greg Meckbach

If you are placing commercial cyber coverage, pay attention to what the various insurers’ policies say about war and terrorism, a commercial broker advises. “I would not say it’s an obscure little corner of your insurance policy,” Tom Srail, executive

News BrokersInsuranceRisk

How not to handle E&O liability as a broker

January 31, 2020 by Jason Contant

Brokers obviously want to protect themselves from errors’ and omissions’ liability. So why not get a client to sign a hold harmless agreement? In effect, a hold harmless agreement removes liability from one party in a business relationship (in this

News InsuranceRiskTechnology

Is the ‘awesome time’ for cyber clients coming to an end?

January 30, 2020 by Greg Meckbach

Risk managers accustomed to a buyer’s market for commercial cyber insurance might discover soon the party is over. “We are starting to see rates harden,” Lindsey Nelson, U.K. and International Cyber Team Leader for CFC Underwriting, said Thursday. She was