A New Conversation
November 1, 2013 by Canadian UnderwriterIt was a relatively quiet 2012 for reinsurers; the same cannot be said for 2013. Two flooding events have taken their place among the most expensive natural catastrophes ever in Canada, prompting insured loss estimates well in excess of $2.5 billion. Is the country on the verge of something new? Do these seemingly more frequent – certainly most expensive – events demand a whole new conversation when it comes to perils in Canada?
Moves and Views
June 1, 2013 by Canadian Underwriter1 Economical Insurance announced in May that two vice-presidents, Dianna Fioravanti and Scott Campbell, have left the company to “pursue other endeavours.” Fioravanti was vice president of sales, distribution and underwriting operations, while Campbell was vice president for Ontario. Robert…
Testing the Waters
March 31, 2013 byThe challenges of environmental insurance
Moves and Views
February 1, 2013 by Canadian Underwriter1 Everest Insurance Company of Canada (EvCan) has appointed David Crozier to the position of CEO, effective January 21. Crozier was most recently senior vice president of operations for Economical Mutual Insurance Company, where he had oversight of all field…
Getting Personal
December 2, 2012 Greg Meckbach, Associate EditorSome lawyers caution that Ontario’s Ministry of the Environment is getting more aggressive about naming directors and officers as being personally responsible for clean-up costs. It is also important to note commercial general liability insurance policies do not usually cover risks of historical contamination and third-party liability does not necessarily cover clean-up costs of one’s own property.
Property Loss Trends
December 1, 2012 Glenn GibsonHow recent court decisions may affect adjusters
Moves and Views
November 2, 2012 by Canadian Underwriter1 Mark Blucher [1] has been named the interim president and CEO of the Insurance Corporation of British Columbia (ICBC), effective immediately and until further notice. Blucher’s most recent role was as ICBC’s senior vice president of insurance, a position…
Requested and Denied
September 1, 2012 Michael Teitelbaum, Partner, Hughes Amys LLPAn Ontario Court of Appeal ruling that a letter from the Ministry of the Environment (MOE) requiring information about a contaminated site did not constitute a claim for which defence costs were recoverable is noteworthy for its extension of the pleadings rule.
Shale Game
August 1, 2012 Angela Stelmakowich, EditorHydraulic fracturing (or “fracking”), a process used in natural gas extraction, is raising a lot of questions about long-term environmental risks. Among these questions is whether or not existing insurance programs are up to the task of covering the risk. Some view the area as full of potential for innovative approaches to covering this type of exposure.
Protecting P3s
August 1, 2012 David Grigg and Carl Spensieri, XL GroupInsurance is a central part of innovative government partnerships with private businesses, called P3s, which help get critical new infrastructure built.
Top 10 Insurance Decisions from 2011
January 31, 2012 Christopher DunnThe Ontario Court of Appeal was particularly busy this past year, while the Supreme Court of Canada rested a little in the wake of Progressive Homes v. Lombard in late 2010. Without further adieu, here are the insurance coverage cases…
Green Energy
September 30, 2011 Allison KlymyshynAn Emerging Insurance Issue