Canadian Underwriter

Small business closed due to COVID-19
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Why the pandemic hit these Canadian sectors particularly hard

August 16, 2022 by Jason Contant

Hospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of

Road workers repairing the road in a construction zone
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Two dead, 10 injured in multi-vehicle crash on highway south of Montreal

July 21, 2022 The Canadian Press

BROSSARD, Que. – Quebec provincial police say two people are dead and 10 injured after a multi-vehicle crash Tuesday night on Highway 30, south of Montreal. Police say the driver of a truck allegedly did not slow down when approaching

Damage following the Barrie tornado in July 2021
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The cheaper we build our buildings, the more they cost after an earthquake, wildfire or tornado

June 17, 2022 Keith Porter

By Keith Porter, adjunct research professor, civil and environmental engineering, Western University This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original

Architect and engineer talking on a construction site
News Insurance

Key challenges facing your construction industry clients

April 6, 2022 by Jason Contant

An ongoing labour shortage, exacerbated by the COVID-19 pandemic, is one of the key issues facing the construction industry in general, says the head of risk control with Travelers Canada. “I think the biggest prolonged challenge that comes around, seems

Stack of plastic pipes
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How brokers can help clients nip construction defects in the bud

April 5, 2022 by Jason Contant

Understanding proper storage and handling of materials can help your construction clients avoid a loss later down the road. Being able to identify material damaged by ultraviolet rays or weather is a key component of a construction risk management plan,

News Insurance

Recent NatCats reveal need to boost construction standards

February 4, 2022 Greg Meckbach

Enforcing existing building codes, bringing in new construction standards and improving community planning are among the measures governments can take to mitigate the cost of property losses from natural catastrophes, industry watchers say. And arming consumers with better information about

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Paid Knowledgeable underwriting team is key to minimizing construction risk, losses

November 29, 2021 Cansure

With an overall increase of 48.2% in housing starts across Canada at the beginning of 2021 and a GDP of well over $154B, it’s no surprise that the construction sector continues to be a hot topic across the insurance industry.

News Insurance

MGA merger: RAISE Underwriting to acquire United Surety

November 10, 2021 Canadian Underwriter Staff

Specialty managing general agent (MGA) RAISE Underwriting in Toronto announced an agreement to acquire Mississauga-based independent MGA United Surety. The acquisition is scheduled to close January 1, 2022. RAISE CEO Matt Baynton said in a press release Nov. 4, “By

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‘Remarkably resilient’ construction industry to be key driver in economic recovery

November 1, 2021 Canadian Underwriter Staff

Despite facing prolonged supply chain disruptions, rising materials costs and labour shortages, the construction industry is set to lead economic recovery from the COVID-19 pandemic globally, and in Canada. Although the near-term global economic outlook remains clouded by surging inflation

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Construction risk advice critical amidst continued supply chain issues

September 17, 2021 Canadian Underwriter Staff

Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor

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British Columbia’s Site C dam faces one-year construction delay

March 1, 2021 The Canadian Press

VICTORIA – British Columbia Premier John Horgan says completing the Site C dam is in the best interests of residents, despite the project’s price tag ballooning to $16 billion and completion date stretching to 2025. The premier told a news

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What’s making it harder to estimate property Cat claims

February 17, 2021 by Greg Meckbach

Recent price increases in building materials means it is harder than normal to predict the cost of repairing property damage, restoration experts say. Restoration contractor Peak Services handled several thousand claims after the June 13, 2020, record hail storm in