Canadian Underwriter

News Risk

What risks keep mining clients up at night?

July 20, 2020 by Greg Meckbach

If you have clients in the mining sector, chances are their biggest concerns are how much their customers will pay for their products and how easily they can raise investment capital. Commodity prices and access to capital placed first and

News InsuranceLegislation / RegulationMarkets / Coverages

Potential opportunity in mining insurance

December 5, 2019 by Greg Meckbach

Insurers and brokers looking for new opportunities should consider covering a mining firm’s legal obligation to restore a site once the operation has closed. “In the Canadian market there is probably an emerging opportunity on this front,” Ben-Schoeman Geldenhuys, a

News Risk

How D&O risks are changing in the mining sector

November 8, 2019 by Greg Meckbach

If you place directors and officers’ liability insurance for mining companies, the underwriter will want to know how the client manages risks such as pollution and shareholder litigation, a commercial broker advises. In lawsuits against directors and officers of mining

News BrokersInsuranceMergers and Aqcuisitions

BFL Canada acquires B.C. brokerage

May 15, 2019 by Jason Contant

Large commercial brokerage BFL Canada announced Tuesday the acquisition of British Columbia-based Summit Insurance Brokers Inc. Summit, based in Prince George, was founded in the late 1990s and brings expertise in industrial, commercial and farm risks to BFL Canada. Summit

News ClaimsInsuranceMarkets / Coverages

Is sinkhole damage covered under a standard home insurance policy?

May 7, 2019 by Jason Contant

Editor’s Note: This story has been edited to include additional comments.   Is damage from a sinkhole covered under a standard homeowner’s policy? “Earth movement” is typically excluded under a standard policy, but an earthquake endorsement may provide coverage. The

News RiskTechnology

What a liberal arts gaming enthusiast can bring to the cyber security table

April 29, 2019 by Greg Meckbach

A priest or minister could help your client manage cyber risk, and it’s not by praying that cyber criminals will leave your client alone. “My latest three hires have been a theologian, a political scientist and somebody who has their

News LegalRisk

Failure to describe corruption risk cost this firm $30 million

December 18, 2018 Ian Bickis - THE CANADIAN PRESS

TORONTO – Katanga Mining Ltd. will pay $30 million to the Ontario Securities Commission for misleading statements, its failure to properly disclose risks around operating in the Democratic Republic of Congo and its reliance on a controversial billionaire businessman. A

News Legislation / RegulationRisk

Data breach risk prompts new Ontario legislation

November 30, 2018 by Greg Meckbach

Recent backlashes against Statistics Canada and Facebook have prompted Ontario lawmakers to make it harder to share consumer banking information. “Financial data is especially vulnerable to hacking,” Stephen Crawford, Ontario MPP for Oakville, said Thursday at Queen’s Park in Toronto.

News InsuranceRisk

$260 billion cleanup estimate based on ‘worst case’ scenario: energy regulator

November 5, 2018 Dan Healing - THE CANADIAN PRESS

CALGARY – The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry. The sector’s accumulated environmental liability is currently estimated at $58.65 billion, less than one quarter

News InsuranceLegislation / Regulation

More interest from corporate clients in this specialty coverage

October 25, 2018 by Greg Meckbach

Large corporate clients often face unexpected tax bills in the millions – and companies are looking for insurers willing to share the risk. Aon Canada has meetings scheduled with several Canadian law firms to brief them on how tax insurance

News Legislation / RegulationMarkets / Coverages

Why clients need advice on ‘litigation hot spots’

October 21, 2018 by Greg Meckbach

Commercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’

News InsuranceProfessional Development

How a biologist could help insurers with data analytics

September 27, 2018 by Greg Meckbach

Do insurers need to hire the brightest computer programmers and pay through the nose if they want to get the most out of data analytics? Not according to some Insurance Analytics Summit Canada speakers. “People from behavioural science, people from