Canadian Underwriter

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Risk Management


News LegalRisk

Waitress who refused sexual advances from boss awarded $52,000

October 23, 2018 Peter Rakobowchuk - THE CANADIAN PRESS

MONTREAL – A waitress who was harassed after refusing sexual advances from the owner of a Montreal restaurant has been awarded $52,000 by a Quebec labour relations tribunal. In a decision this month, the tribunal found Anissa Berrad had been

News InsuranceTechnology

Will you soon be selling cyber insurance for automated vehicles?

October 22, 2018 by David Gambrill

Brokers may wind up selling cyber insurance for automated vehicles by 2040. “Cybersecurity is a red-hot topic in the insurance world,” Sami Shaker, a physicist for Kodsi Forensic Engineering, told brokers attending a presentation on automated cars at the 2018

News InsuranceRisk

Three strong earthquakes reported off Canadian coast

October 22, 2018 The Canadian Press

Three relatively strong earthquakes were recorded Sunday night in the Pacific Ocean off Vancouver Island. The U.S. Geological Survey reported a 6.6 magnitude quake about 260 kilometres west of Tofino, followed by a 6.8 tremor and then a third measuring

News Legislation / RegulationMarkets / Coverages

Why clients need advice on ‘litigation hot spots’

October 21, 2018 by Greg Meckbach

Commercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’

News InsuranceLegal

Supreme Court to decide limits of pollution liability indemnification

October 18, 2018 by Greg Meckbach

Does a pollution liability indemnification agreement made in 1985 by a provincial government apply when the same government tries to force companies to pay environmental remediation costs 26 years later? Ontario judges disagree, so the question is now before the

News InsuranceLegalLegislation / Regulation

Driver ticketed for smoking pot in car one hour after legalization

October 18, 2018 The Canadian Press

Winnipeg police issued a ticket on the first day of cannabis legalization. Police posted a picture of a ticket for consuming cannabis in a motor vehicle on Twitter. The ticket carries a $672 fine. Police say the ticket was issued

News RiskTechnology

Where the next big cyberattack could come from

October 17, 2018 by Jason Contant

Cyber extortionists will soon likely gravitate toward attacks on global or shared infrastructure, a cybersecurity expert predicts. From a cyber insurance perspective, brokers should highlight that the coverage helps organizations manage the risks they can control, as well as the

News InsuranceLegalLegislation / RegulationRisk

This province to see stiffer penalties for distracted driving

October 17, 2018 The Canadian Press

WINNIPEG – Manitoba drivers who use a hand-held cellphone behind the wheel will face stiffer penalties as of Nov. 1. Fines will jump to $672 from $203, and the number of demerit points will increase to five from two. Drivers

News InsuranceRisk

Winter tire program has kept auto rates in check, insurer reports

October 15, 2018 by Jason Contant

Manitoba Public Insurance (MPI) is continuing its low-interest Winter Tire Program, which has helped keep provincial auto insurance rates in check, the public insurer said last week. Prior to the introduction of the program four years ago, Manitoba had one

News RiskTechnology

Why feds don’t call bitcoin a currency

October 15, 2018 by Greg Meckbach

One of the biggest risks posed by blockchain-based currencies is financing of terrorism and it is reasonable to ask whether there should be tighter regulation of this technology, federal finance minister Bill Morneau told a Senate committee. Bitcoin is one

News Risk

Filling hydro dams in Quebec causing small earthquakes

October 14, 2018 Stephanie Marin - THE CANADIAN PRESS

MONTREAL – Filling the reservoirs of Quebec’s hydroelectric dams has sometimes caused small earthquakes – a process that doesn’t seem to have occurred elsewhere in Canada, according to a seismologist who has studied the phenomenon. Maurice Lamontagne says it’s still

News InsuranceRiskTechnology

The industry that’s shopping for cyber insurance

October 11, 2018 by Greg Meckbach

Brokers looking for new large cyber accounts might want to knock on doors of companies who look after other people’s money. More than half (55%) of Canadian asset managers surveyed said they intend to purchase insurance to protect themselves against