Canadian Underwriter

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Risk Management


News Insurance

Lost binder exposes personal information of thousands

November 8, 2019 The Canadian Press

ST. JOHN’S, N.L. – Newfoundland and Labrador’s health department is apologizing for a privacy breach after a binder containing the personal information of 3,300 went missing almost two years ago. The department says it learned this October that a binder

News CatastrophesInsuranceRestoration

Evacuation order lifted nearly two months after crane collapse

November 6, 2019 The Canadian Press

HALIFAX – The last three businesses evacuated when a crane collapsed in downtown Halifax are being allowed to return to their locations, almost two months after a storm toppled it. The final stage of the crane and debris removal from

News InsuranceProfessional Development

How long before your new CEO should be planning an exit strategy?

November 5, 2019 by Jason Contant

Your new CEO is just six months into the job. It’s time to start thinking about their exit strategy. Yes, that’s right. Good CEOs start planning for their succession as soon as their onboarding is complete. They should not wait

News Commercial LinesInsurance

How mining companies can reduce risk by being good neighbours

November 5, 2019 by Greg Meckbach

Is your client liked by its neighbours? While that may not be your first question as a commercial broker, insurance professionals were told Tuesday the question is nonetheless important if the client is in the resources sector. “You need some

News AdjustersLegislation / RegulationRisk

Edmonton window washing accident amid high winds under investigation

October 31, 2019 THE CANADIAN PRESS

EDMONTON – The City of Edmonton says it’s investigating a window-washing company that was working on the capital’s tallest tower last week in windy conditions when a suspended platform smashed into the building and threw a worker over a railing.

News Claims CanadaEngineeringRisk

What surprised forensic engineers about massive Toronto propane explosions

October 24, 2019 by Greg Meckbach

After the deadly Sunrise Propane explosions caused a massive evacuation in north Toronto, the central focus of regulators came as a surprise to some engineers who investigate such disasters. Pumping propane from one truck to another was identified as a

News LegalRisk

The big question mark on supply chain liability risk

October 23, 2019 by Greg Meckbach

What liability risk do Canadian corporate clients face if they have supply chains in countries where workers are vulnerable to abuse or unsafe working conditions? It’s an open question right now, but brokers could get some guidance once the Supreme

News AdjustersClaims CanadaInsuranceRisk

Take-up rates low in this line of commercial insurance: Lloyd’s

October 22, 2019 by Greg Meckbach

Is your client’s loss of income covered if the business got interrupted because of a catastrophe that hit a supplier? That depends on what the policy says and whether the client actually bought contingent business interruption (CBI) insurance. And these

News InsuranceLegalRisk

How much leeway does a condo corporation have when conducting repairs?

October 18, 2019 by Jason Contant

If a condo corporation enters your client’s unit to repair suspected flood damage but finds other hazards, can they complete those additional repairs instead and seek reimbursement from the unit owner? It would appear not, if the factors of the

News RiskTechnology

How this city made basement flooding risk predictions more precise

October 17, 2019 by Greg Meckbach

Brokers wanting to find out how likely their client’s basement will be flooded might want to ask whether the insurance companies are using data from the municipality in their flood maps. “A lot of residents have indicated concerns with purchasing

News InsuranceMergers and AqcuisitionsTechnology

5 lessons for M&A newbies, courtesy of serial acquirers

October 10, 2019 by Jason Contant

What are some of the best practices in mergers and acquisitions (M&A)? David Hunt, senior director of mergers and acquisitions at Willis Towers Watson, said in a recent blog that newcomers can learn from the best serial acquirers. While not

News InsuranceLegal

Quebec to appeal court ruling on homegrown cannabis

October 10, 2019 The Canadian Press

QUEBEC – The Quebec government says it will appeal a decision invalidating parts of Quebec’s cannabis law that prohibited home cultivation. On Sept. 3, Quebec Superior Court Justice Manon Lavoie ruled Quebec’s legislation infringed upon the jurisdiction of the federal