Canadian Underwriter

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Risk Management


News Technology

No ‘silver bullet’ for bus passenger safety: Commons committee

June 13, 2019 Teresa Wright - THE CANADIAN PRESS

OTTAWA – A committee of MPs who probed bus-passenger safety in Canada has decided not to call for seatbelts to be installed in Canadian school buses, urging further study instead. The House of Commons transportation committee launched an investigation into

News EngineeringLegal

$107-million Saskatchewan oil leak results in guilty plea

June 12, 2019 Colette Derworiz - THE CANADIAN PRESS

LLOYDMINSTER, Sask. – Husky Energy has pleaded guilty in a pipeline leak that sent oil spilling into a major river and fouled the source of drinking water for thousands of people. The spill into the North Saskatchewan River in July

News InsuranceRiskTechnology

This social media risk lacks a mainstream insurance product

June 12, 2019 by Greg Meckbach

Want to place insurance that covers a client whose revenue suddenly plummets because of a disinformation campaign? This might be easier said than done, but one commercial insurer with a Canadian branch is hoping to change this. Right now, there

News Technology

Omnichannel is dead. Here’s why you need a multi-experience strategy

June 11, 2019 by Jason Contant

Companies looking to enhance their digital strategy should follow a four-step model to deliver a multi-experience rather than an omnichannel experience, Jason Wong, VP analyst at research and advisory firm Gartner, said recently. There are various definitions for omnichannel, but

News ClaimsInsuranceRestorationTechnology

How AI can help shape a more effective disaster response

June 7, 2019 by Jason Contant

Artificial intelligence (AI) should be used not only to predict what will happen, but to shape and influence that outcome, the president of IBM Canada said Wednesday. “Predicting it is good, but the value that you get as an enterprise

News ClaimsRiskTechnology

How the EU’s data privacy law will apply to your Canadian clients

June 5, 2019 by Greg Meckbach

The European Union’s new data privacy law can affect your clients even if they don’t have offices in Europe, a cyber security expert with one of the world’s biggest brokerages warns. The General Data Protection Regulation (GDPR), which took effect

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,