Canadian Underwriter


News Insurance

Flood victims win lawsuit against neighbour over laneway access

March 18, 2019 by Greg Meckbach

A commercial property owner who was sued for $100,000 by neighbours over water damage is unable to appeal to the Supreme Court of Canada. The top court announced March 14 it is denying Marilyn Marks leave to appeal a Court

News ClaimsLegislation / Regulation

Poison reports up in wake of cannabis legalization

March 18, 2019 THE CANADIAN PRESS

HALIFAX – Atlantic Canada’s largest children’s hospital is warning parents about the risks of edible weed after a flood of cannabis-related calls to its poison centre. The IWK Health Centre says it fielded three times as many cannabis calls to

News InsuranceRisk

How your client can save money by detecting plumbing problems

March 13, 2019 by Greg Meckbach

Canadian property clients could soon get an insurance discount by installing products from water flow sensing vendor Triple Plus Ltd. Triple Plus recently announced a pilot project in which American clients of Berkshire Hathaway GUARD can get lower property insurance

News Restoration

How air conditioner installer got dragged into basement flood

March 12, 2019 by Greg Meckbach

Moisture that an air conditioner collects could damage your client’s home if it doesn’t drain properly, but the client cannot necessarily blame the air conditioner installer for a flood. Basement flood victim Samuel Sieb took Gandy Installations Ltd. to British

News InsuranceLegal

How this paperwork accident gave condo dweller stamp collection coverage

March 7, 2019 by Greg Meckbach

For insurance professionals who put together renewal packages, some mistakes are worse than others. A case in point is sending a “quality package” that refers to a different kind of policy, rather than the policy you are renewing for the

News ClaimsInsurance

This province could see major spring flooding

March 1, 2019 by Jason Contant

Ten years after serious flooding in much of the southern part of Manitoba, there is again a high risk of major spring flooding in the province’s Red River Valley region. “Early forecasting data shows that we expect to see major

News Insurance

Why some homeowners aren’t buying flood insurance

March 1, 2019 by Greg Meckbach

Overland flood insurance might be easier to sell if homeowners could figure out how vulnerable their properties are. “What would be most useful for homeowners is they would be able to search their postal code or property address and be

News ClaimsClimate ChangeInsurance

Why post-tropical storms can be worse than the original storm

February 13, 2019 by Jason Contant

Inland flood damage arising from post-tropical storms can be an even greater risk than wind damage, a meteorologist from Aon said last week at the CatIQ Connect conference in downtown Toronto. “That’s concerning because here in Canada, as in the

News InsuranceRisk

Why your clients will buy insurance only after a disaster

February 12, 2019 by Jason Contant

Due to six decision biases, consumers will typically not protect themselves against low-probability, high-consequence events until it is too late, a keynote speaker said recently at the CatIQ Connect conference in Toronto. When consumers decide not to purchase insurance or

News EngineeringInsurance

Why leaking sewers are contributing to higher flood risk

February 11, 2019 by Jason Contant

Brand new storm and sanitary sewers are leaking water at an unacceptable rate, putting individual homes at higher risk of flooding, a civil engineer said last week at the CatIQ Connect conference in Toronto. “We have allowable leakage, a little

News Insurance

Why it’s taking so long for a Canadian national flood program

February 6, 2019 by David Gambrill

Canada’s insurers are optimistic that a national flood program will be in place to protect high-risk properties sometime in the not-so-distant future, although it doesn’t appear to be likely before the next federal election scheduled for Oct. 21, 2019. “We’ve

News Commercial LinesInsuranceRisk

The “perfect storm” conditions for commercial rate increases

February 4, 2019 by Jason Contant

The past few years have created a perfect storm leading to an increase in commercial insurance rates, Signature Risk Partners Inc. says in a white paper released last week, entitled Hard Commercial Insurance Market on the Way. One factor is