Canadian Underwriter

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Risk Management


News ClaimsLegislation / RegulationRisk

Liability risk for private pot retailers

August 28, 2018 by Greg Meckbach

Your retail client could be at risk of a lawsuit if it starts selling cannabis, but the exposure may not be the same as the liability risk of a bar serving alcohol, an insurance defence lawyer suggests. Whether a retailer

News Risk

Feds approve first saliva screening roadside test for marijuana

August 28, 2018 The Canadian Press

OTTAWA – Justice Minister Jody Wilson-Raybould is giving the green light to a new roadside test to check for drugs. On Monday, Wilson-Raybould approved the Drager DrugTest 5000 as the first saliva screening equipment to be used by law enforcement

News InsuranceLegislation / Regulation

Why Canadian insurers want to play in a “regulatory sandbox”

August 27, 2018 by Jason Contant

The Insurance Bureau of Canada (IBC) wants a “regulatory sandbox” for the P&C insurance industry, something currently not accessible to insurers. “Sandboxes relax specific legal and regulatory requirements to create a safe and conductive space for innovative ideas, enabling companies

News ClaimsInsurance

B.C. wildfire season now second worst in province’s history

August 27, 2018 The Canadian Press

VICTORIA – A year after the single worst season for wildfires in British Columbia’s history, government statistics indicate the 2018 wildfire season has already reached the second-worst mark, burning more than 9,450 square kilometres of land so far. That should

News Mergers and AqcuisitionsRisk

Hot opportunity in this Canadian insurance line is linked to M&A

August 24, 2018 by Greg Meckbach

Representations and warranties (R&W) insurance is becoming a hot market, as commercial clients wonder whether mergers and acquisitions could expose them to unforeseen liabilities. In Canada, the R&W market “has really expanded,” according to Brian Kelly, a Montreal-based managing partner

News Risk

How smoke from B.C. wildfires affects this industry

August 24, 2018 Beth Leighton - THE CANADIAN PRESS

VANCOUVER – Winemakers can only hope the scent of smoke that’s in the air across British Columbia from wildfires won’t swirl in the glass once this year’s vintages have been bottled. Smoke-shrouded grapes can give an ashy, bitter flavour to

News BrokersInsuranceMarkets / CoveragesProductsRisk

Hub’s Top 3 pot risks

August 23, 2018 by Jason Contant

As cannabis comes closer to being legalized in Canada, Hub International told Canadian Underwriter the three major risks the brokerage has faced while writing cannabis insurance for the past four years. One of them is cash-on-hand, meaning pot producers have money

News Legislation / RegulationRisk

Why Canada’s railway safety authority is concerned about winter tires on a bus

August 23, 2018 by Greg Meckbach

Figuring out which tires should be used in winter is a risk management challenge for many school bus operators, a federal safety organization warned Wednesday. “If school bus operators do not have access to independent and objective assessments of winter

News InsuranceMarkets / CoveragesTechnology

Why you’ll have trouble finding D&O insurance for clients using blockchain

August 23, 2018 by Jason Contant

Brokers looking to place directors and officers (D&O) insurance coverage for clients involved with blockchain or digital assets will not have an easy time finding the coverage, since there is a limited underwriting appetite for it. “It’s definitely feasible, and

News Risk

Strong Oregon quake felt in Vancouver and Sidney, B.C.

August 23, 2018 The Canadian Press

VANCOUVER – A magnitude 6.2 earthquake that hit nearly 300 kilometres off the south-central coast of Oregon early Wednesday was strong enough to be felt in British Columbia. Data from the United States Geological Survey shows residents in Vancouver and

News BrokersInsuranceMarkets / CoveragesMGAs

Look to utilities, retailers for cyber sales opportunities, suggests new survey

August 22, 2018 by Jason Contant

If you’re looking to sell cyber coverage to big business, focus your efforts on utilities and retailers, suggest the results of a recent survey. The survey of companies with 500 or more employees also found that a growing number of

News ClaimsRisk

How legal defence costs can be ‘gobsmacking large,’ even when you win the case

August 22, 2018 by Greg Meckbach

A recent decision by an Ontario judge shows how much a corporate client might have pay to defend itself from a lawsuit – even one that gets thrown out of court. Three beer manufacturers, Molson, Labatt and Sleeman, spent a