Canadian Underwriter

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Risk Management


Feature Risk

Pollution Protection

November 3, 2018 Brooke Smith

Pollution claims can be spectacularly damaging when they happen, and they are often excluded from CGL commercial insurance policies. So why aren’t more contractors buying environmental insurance, and how can brokers reverse the trend?

News InsuranceRiskTechnology

Two-day hackathon seeks tech solutions to distracted driving, pedestrian safety

November 2, 2018 by Jason Contant

Developing technology-based solutions to tackle distracted driving, pedestrian safety and house-to-house communication are the goals of an upcoming hackathon hosted by Canada’s second largest insurer and a technology start-up accelerator. Aviva Canada and OneEleven will host the Safer Neighbourhoods Hackathon

News InsuranceRisk

Why speed bumps can be a double-edged sword

November 2, 2018 by Greg Meckbach

Putting speed bumps on private laneways might help commercial clients manage traffic risk, but they need to paint those bumps properly to reduce liability risk. Madison Properties Inc. owns a shopping plaza in Toronto. Maria Pia Cannito tripped and fell

News InsuranceRisk

How off-road vehicles impact commercial liability risk

November 1, 2018 by Greg Meckbach

Commercial clients who allow off-road vehicles to be driven on their property could have insurance coverage gaps, a commercial lawyer warns. In Ontario, off-road vehicles are generally required to have liability insurance, but some types of machinery – such as

News Legislation / Regulation

Truly driverless cars now allowed in California

October 31, 2018 Michael Liedtke - THE ASSOCIATED PRESS

SAN FRANCISCO  – The robotic car company created by Google is poised to attempt a major technological leap in California, where its vehicles will hit the roads without a human on hand to take control in emergencies. The regulatory approval

News RiskTechnology

Think your password has been stolen? Think again.

October 30, 2018 by Jason Contant

Brokers would be well-advised to tell their clients to keep a cool head if they are contacted by email from someone claiming to have stolen their password. The latest online scam by cybercriminals uses stolen passwords from data breaches years

News RiskTechnology

Man sues Tesla over crash during autopilot mode

October 30, 2018 Mike Schneider - THE ASSOCIATED PRESS

ORLANDO, Fla. – A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that left him with permanent injuries, according to a negligence lawsuit filed Tuesday.

News InsuranceRisk

Study suggests bedrock stress a factor in fracking-caused earthquakes

October 29, 2018 Bob Weber - THE CANADIAN PRESS

New research is digging in to why fracking causes earthquakes in some areas but not in others. A paper published Monday in Geophysical Research Letters suggests the likelihood of an artificial earthquake is heavily influenced by how stable the ground

News InsuranceLegalMarkets / Coverages

Why this insurer is ‘shrinking’ its D&O liability business

October 26, 2018 by Greg Meckbach

Lawsuits arising from corporate mergers and acquisitions and “creative theories of liability” are reducing Chubb Limited’s appetite to insure directors’ and officers’ liability. Since 2016, there has been an increase in the frequency of lawsuits against directors and officers, said

News InsuranceTechnology

Why the industry needs to trust in AI algorithms

October 26, 2018 by Jason Contant

Managers, executives and boards in the insurance industry need to trust in artificial intelligence algorithms, even if they don’t look like traditional models, an Accenture executive told Canadian Underwriter Thursday. Machine learning models can better predict events with a greater

News InsuranceLegalRisk

Supreme Court limits when accused drunk drivers can get breathalyzer logs

October 26, 2018 Jordan Press - THE CANADIAN PRESS

OTTAWA – Canada’s top court has set new limits for defendants trying to beat a drunk-driving charge in a ruling that may have consequences for anyone accused of being high behind the wheel. What the Supreme Court of Canada laid

News ClaimsInsuranceRiskTechnology

4 ways AI can improve your performance

October 25, 2018 by Jason Contant

Artificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement,