Canadian Underwriter


News Legislation / RegulationRestoration

How fatal Nova Scotia fire could change national building code

February 25, 2019 THE CANADIAN PRESS

HALIFAX – Experts say the deaths of the seven Barho children in a ferocious Halifax house fire last week could lead to new fire safety measures and changes to the country’s building code. Phil Rizcallah, director for construction research and

News InsuranceLegal

Your landlord agrees to insure the property. Why the landlord can still subrogate against you

February 25, 2019 by Greg Meckbach

A Thunder Bay restaurant operator has lost its bid to block an insurer from filing a subrogated claim arising from a fire. The Supreme Court of Canada announced Feb. 21 it will not hear an appeal from the Sushi Station

News InsuranceTechnology

How Zurich can use AI to reduce a broker’s E&O exposure

February 25, 2019 by Greg Meckbach

A Toronto-based artificial intelligence (AI) vendor is working with Zurich Canada to reduce errors and omissions risk in commercial insurance policies. Often commercial policies have dozens of pages with several endorsements, which someone needs to read for accuracy before the

News ClaimsRisk

How railway is dealing with Manitoba oil spill

February 22, 2019 THE CANADIAN PRESS

LAZARE, Man. – CN is still tallying up the amount of oil spilled in a train derailment on a ranch in western Manitoba. “We are still determining volume estimates at this time,” company spokesman Jonathan Abecassis said in an email

News InsuranceMarkets / Coverages

The impact of hardening Lloyd’s market on Fairfax

February 20, 2019 by Greg Meckbach

A tough Lloyd’s market and California’s worst-ever wildfire led to an underwriting loss for Brit Plc, which Toronto-based Fairfax Financial Holdings Ltd. acquired in 2015. Fairfax officials faced pointed questions during its recent earnings call from one analyst who suggested

News Insurance

What your clients need to know about trip cancellation insurance

February 19, 2019 by David Gambrill

Your clients have a lot to learn about trip cancellation insurance. Almost two-thirds of Canadians either don’t buy or are unsure if they have trip cancellation insurance before leaving on holiday, according to a recent study of 960 Canadians by

News InsuranceMergers and AqcuisitionsTechnology

Opta acquires getClarity: linking property and risk data with consumer profiles

February 14, 2019 by David Gambrill

With its recent acquisition of getClarity, Opta Information Intelligence is expanding into the area of customer and prospect behaviour. Opta is Canada’s largest property data aggregator and a provider of risk intelligence and loss control services. Its solutions include iClarify

News CatastrophesClaims

Judge questions wildfire mitigation plan

February 14, 2019 Sudhin Thanawala - THE ASSOCIATED PRESS

SAN FRANCISCO – A U.S. judge who has berated Pacific Gas & Electric Corp. for its role in California wildfires demanded Thursday that the utility answer more questions about its efforts to clear trees and branches that can fall on

News Insurance

Mystery explosion damages 22 homes in Caledon

February 6, 2019 by Greg Meckbach

Nearly two dozen homes were damaged after one fatal incident Sunday near Toronto. An explosion demolished a house in Caledon, killing Joseph Westcott and damaging neighbouring properties, The Canadian Press reported. About 22 homes were “damaged to varying degrees,” Andrea

News Catastrophes

Fatal explosion damages about a dozen homes near Toronto

February 4, 2019 THE CANADIAN PRESS

CALEDON, Ont. – A man has died and dozens were forced from their homes after an explosion completely demolished a house in Caledon, Ont., on Sunday morning, officials said as they investigated the incident. Officers were called to the home

News AdjustersClaimsInsuranceTechnology

Why the human touch is sometimes bad for claims

January 30, 2019 by Jason Contant

The claims industry in Canada has to be wary about complicating the claims process by putting a “human process” in place where one is not needed, speakers said last week at the Ontario Insurance Adjusters Association’s 2019 Claims Conference in

News InsuranceTechnology

How to make money during an unprofitable market

January 24, 2019 by David Gambrill

As market conditions start to become more challenging in personal home, auto and commercial property lines, how can carriers and brokerages maintain a healthy, profitable book of business? “To me, there are three possible strategies,” says Greg McCutcheon, president of