Canadian Underwriter

Risk Management

insPRESS AnnouncementsAppointmentsProducts

Crawford & Company (Canada) Inc. Launches Cyber Loss Management Program in Canada

February 20, 2018 Crawford & Company (Canada) Inc.

TORONTO, Feb. 20 /insPRESS/ – Crawford & Company (Canada) Inc. today announced the launch of its cyber loss management program to the Canadian marketplace. In response to the emerging risk of cyber threats to organizations of all sizes and across

News InsuranceLegalMarkets / CoveragesTechnology

How Internet of Things will change product liability

February 19, 2018 by David Gambrill

Product liability could look very different in the future once the Internet of Things (IoT) connects a variety of insured household and business products, Clyde and Co. litigator Prachi Shah told Canadian Underwriter Friday. In existing IoT literature, we hear

News InsuranceMarkets / CoveragesTechnology

Artificial Intelligence, the latest cybersecurity threat

February 19, 2018 by Jason Contant

Artificial intelligence (AI) could be a double-edged sword for Canada’s property and casualty insurance industry, offering several potentially positive outcomes, but at the same time a new cybersecurity threat. AI is consistently touted by the insurance industry for its potential

News ConstructionInsuranceLegal

Surety providers’ argument rejected by Supreme Court of Canada

February 19, 2018 by Greg Meckbach

An argument from a group of insurers and brokers – that construction contractors should not have a duty to inform subcontractors of the existence of a surety bond – has been rejected by the Supreme Court of Canada. In Valard

News Legislation / RegulationMarkets / CoveragesTechnology

Ride-hailing on its way to B.C.

February 19, 2018 Dirk Meissner - THE CANADIAN PRESS

VICTORIA – Ride-hailing is on its way to British Columbia after the online services received the unanimous support of an all-party committee of the legislature on Thursday. The committee made 32 recommendations to help pave the way for introducing and

News ClaimsInsuranceTechnology

Drone collisions on radar of risk managers

February 15, 2018 Greg Meckbach, Associate Editor

A recent collision between a passenger plane and a drone has prompted Canada’s airplane accident investigation agency to warn of the risk of flying drones near airports. “The use of drones near an aerodrome or within controlled airspace poses a

News InsuranceMarkets / CoveragesTechnology

Former privacy commissioner offers tip on reporting data breaches

February 15, 2018 by David Gambrill

CEOs, not chief information officers (CIOs), should be making the call on whether to report a data breach when a company falls victim to a targeted cyberattack, a former privacy commissioner told a cyber loss management seminar organized by Crawford

News CatastrophesClimate ChangeInsurance

B.C. lacks climate change policies, especially on wildfires and flooding: audit

February 15, 2018 The Canadian Press (CPSTF)

VANCOUVER – British Columbia’s auditor general says the provincial government is working to adapt to the risks posed by climate change but it has no clear plan for wildfires and flooding. Carol Bellringer says there is little monitoring of progress

News ClaimsLegal

Workplace harassment policies should include non-employees, risk manager says

February 14, 2018 Greg Meckbach, Associate Editor

Managing liability risk includes making workplaces free from harassment for not only employees, but also for non-employees, advises Darius Delon, an independent risk consultant based in Calgary. Lawsuits arising from harassment are one major emerging area of risk, said Delon,

News Legal

Dating danger? Businesses rethink workplace romance policies

February 14, 2018 Joyce M. Rosenberg - THE ASSOCIATED PRESS

NEW YORK – It happens in so many workplaces – two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more anxious when employees start dating. Many owners have consulted with

News InsuranceLegislation / Regulation

Outdated laws disallow insurers from offering digital insurance solutions: IBC

February 13, 2018 by Jason Contant

Ontario’s Insurance Act and its regulations prevent insurers from doing business and communicating with their customers through digital or mobile platforms, the Insurance Bureau of Canada (IBC) noted on Monday. Canadian Underwriter asked IBC about some of the red tape

News InsuranceLegalMarkets / Coverages

Sexual harassment lawsuit? Why it pays for a risk manager to be a pack rat

February 13, 2018 by Greg Meckbach

Risk managers who retain insurance policies for only seven or 10 years need to rethink this practice, an independent risk consultant warns. Having a copy of a 15- or 20-year-old liability insurance policy is “like owning a bank note in