Canadian Underwriter


News InsuranceLegislation / Regulation

Insurer CEO to personally visit FSCO asking for higher rates

August 30, 2018 by Greg Meckbach

The newly-elected Ontario government should let carriers change their rates without approval from the Financial Services Commission of Ontario, the president of a mutual that writes auto contends. It “makes sense” to require insurers to file rates with FSCO “but

News ConstructionInsuranceMarkets / Coverages

Paid Steering the Course: Course of Construction (COC) Insurance Options

August 28, 2018 Neil Jeanson, Senior Class Underwriter, XL Catlin

All it takes is a spark.  From a sander. Or errant cigarette.  And POW!  Igniting common, flammable construction materials like wood, solvents, packaging, and gasoline and turning a work in progress to a pile of ash.  It’s a powerful blow

News InsuranceMarkets / CoveragesTechnology

Why you’ll have trouble finding D&O insurance for clients using blockchain

August 23, 2018 by Jason Contant

Brokers looking to place directors and officers (D&O) insurance coverage for clients involved with blockchain or digital assets will not have an easy time finding the coverage, since there is a limited underwriting appetite for it. “It’s definitely feasible, and

News BrokersInsuranceMarkets / CoveragesMGAs

Look to utilities, retailers for cyber sales opportunities, suggests new survey

August 22, 2018 by Jason Contant

If you’re looking to sell cyber coverage to big business, focus your efforts on utilities and retailers, suggest the results of a recent survey. The survey of companies with 500 or more employees also found that a growing number of

News ClaimsRisk

How legal defence costs can be ‘gobsmacking large,’ even when you win the case

August 22, 2018 by Greg Meckbach

A recent decision by an Ontario judge shows how much a corporate client might have pay to defend itself from a lawsuit – even one that gets thrown out of court. Three beer manufacturers, Molson, Labatt and Sleeman, spent a

News Markets / CoveragesTechnology

Which insurance lines will blockchain transform?

August 17, 2018 by Jason Contant

As the hype around blockchain continues and it looks increasingly like the technology is here to stay, insurers are taking a closer look and seeking to create coverages to respond to this evolving market. Blockchain currently has a variety of

News InsuranceMarkets / Coverages

Hub introduces new cannabis insurance and risk services for Canada

August 15, 2018 by Jason Contant

Global insurance brokerage Hub International announced Wednesday that it has launched cannabis insurance and risk services for the Canadian market. The offering, under Hub’s agribusiness and farm specialty practice, is also available in the United States. It provides medical and

News ClaimsLegal

Rebuild contractor wins lawsuit vs. homeowner’s breach of contract

August 14, 2018 by Greg Meckbach

After her home burnt down, a homeowner tried to get the proposed rebuild to fit the quotation of an insurer, contributing to a breakdown in the relationship between the homeowner and the contractor. The dispute led to a lawsuit to

News Insurance

Why a public insurer may have to cover the liability of a suspended car owner

July 29, 2018 by David Gambrill

In a priority dispute between insurers, Manitoba’s public auto insurer may be on the hook for the liability of the owner of a vehicle involved in a crash in Ontario, even though MPI had cancelled the car owner’s insurance certificate

News BrokersInsuranceMarkets / Coverages

How brokers can help risk managers sort out counterparty insurance

July 25, 2018 by David Gambrill

Courting a new business partner and relying on your counterparty’s insurance coverage to respond to a loss? For a risk manager, it’s a good idea to engage in a form of insurance “prenup” conversation with the potential business partner, says

News InsuranceMarkets / Coverages

Trade war? There may be insurance for that

July 22, 2018 by David Gambrill

As the U.S. Commerce Department contemplates imposing a 25 per cent tariff on all vehicles imported into the United States, including vehicles from Canada, risk managers are starting to contemplate where all of this heightened rhetoric around protectionism may take

News Earnings / RatingsInsuranceMarkets / Coverages

Where Canadian drivers pay the most (and least) for auto insurance

July 19, 2018 by Jason Contant

When it comes to auto insurance premiums in Canada, drivers in British Columbia pay the most, followed by Ontario, data supplied by Insurance Bureau of Canada (IBC) revealed Wednesday. In B.C. last year, average annual auto premiums were $1,680. The