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Sponsors completed two cat bonds with Canadian coverage in Q1 2016: PCS

April 6, 2016 by Canadian Underwriter

Sponsors completed two catastrophe bonds with coverage for Canada in the first quarter of 2016 – the same two sponsors that did so in the first quarter of 2015, according to Property Claims Services’ (PCS) Q1 2016 cat bond report.

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Insurance Decisions

March 22, 2016 Chris Dunn, partner; and Josiah MacQuarrie, associate, Dutton Brock LLP

A review of the ten most important insurance coverage cases of 2015

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Joint effort seeks to help reduce anchor losses, related damage

March 18, 2016 by Canadian Underwriter

A new investigation suggests many anchor losses are avoidable and shed light on a potentially bigger issue: the need for crews to be aware of the environmental loads for which equipment is designed. A rising number of anchor losses reported

News InsuranceLegalMergers and Aqcuisitions

Insurance Corporation of B.C. wants Supreme Court of Canada to hear appeal arising from intoxicated passenger grabbing steering wheel

March 8, 2016 by Canadian Underwriter

A dispute between the Insurance Corporation of British Columbia and a woman seriously injured in a vehicle crash, arising from an intoxicated passenger grabbing the steering wheel, may reach the Supreme Court of Canada. In September, 2015, the B.C. Court

News Insurance

Trillium Mutual launches data breach and cyber coverage for agriculture, commercial lines

March 4, 2016 by Canadian Underwriter

Trillium Mutual Insurance Company has partnered with The Boiler Inspection and Insurance Company of Canada (HSB BI&I) to launch two new products for small to medium-sized commercial and agricultural operations. Providing indemnity for first-party expenses and third-party costs of defence,

News InsuranceLegalMergers and Aqcuisitions

Insurance lawyer explains how Ontario court ruling affects vehicle owners who ‘hand out their car like candy’

February 4, 2016 Greg Meckbach, Associate Editor

Insurance adjusters cannot always rely on legal precedents, now that the Court of Appeal for Ontario has overturned a previous decision by the same court, over the issue of a vehicle owner’s vicarious liability for negligent operation of their vehicle,

Feature

Possibilities in 3D

February 1, 2016 Angela Stelmakowich, Editor

3D printing is hardly new, but recent rapid development and seemingly endless potential uses has freshened consideration of the technology. Enhanced access and broadened applications, though, bring with them talk of additional risks and whether or not existing property and casualty insurance policies are sufficient to address how 3D printing technology could evolve in future.

News CatastrophesInsurance

Nuclear Threat Initiative gives Canada high score on cyber security but much of world’s weapons-grade material ‘still to vulnerable to theft’

January 19, 2016 by Canadian Underwriter

Much of the world’s enriched uranium and plutonium is “too vulnerable to theft” and a cyber attack on a nuclear facility could “facilitate” either theft of nuclear material or sabotage, the Nuclear Threat Initiative warned in a recent report. “Nearly

News InsuranceMergers and Aqcuisitions

Berkshire Hathaway Specialty offers professional liability insurance in Canada

January 11, 2016 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance announced Monday it is offering claims-made liability coverage in Canada for professionals facing allegations of negligence, misleading statements and breach of duty, among other things. The coverage – dubbed Professional First Miscellaneous Professional Liability – will

News CatastrophesClimate ChangeInsurance

2015 cat bond issuance activity by new limit fell 25% to US$6 billion year over year: PCS

January 6, 2016 by Canadian Underwriter

Catastrophe bond issuance activity by new limit fell approximately 25% year over year in 2015 to US$6 billion, while issuance of catastrophe bonds including coverage for Canada witnessed a shift, notes a new report issued Wednesday by Property Claims Services

Daniel Strigberger, Lawyer, Samis + Company
Feature

Uber Exclusion

January 1, 2016 Daniel Strigberger, Lawyer, Samis + Company

The standard auto policy in Ontario has an exclusion for carrying passengers for compensation or hire, and this could lead to denial of claims involving vehicles providing uberX service.

Bernard McNulty, Head of Claims - Canada, Allianz Global Corporate & Specialty (AGCS) Americas
Feature

Interruption Claims

January 1, 2016 Bernard McNulty, Head of Claims - Canada, Allianz Global Corporate & Specialty (AGCS) Americas

Factors affecting business interruption (BI) claims in Canada include the continued move towards just-in-time inventory delivery, lower commodity prices and risk-specific policies placed by brokers. The frequency of BI claims in Canada was consistent with experience in other countries, though in Canada in recent years, about 50% of BI claims originated from natural events.