Canadian Underwriter

News Insurance

Why a short-term approach to talent management doesn’t work anymore

November 26, 2021 by Jason Contant

It’s time employers get better at sourcing their own talent and actively developing their employees’ skills, two authors wrote in a blog from Harvard Business Review. “For decades, companies have adopted a short-term, ad hoc approach to talent management —

News Insurance

Border-crossing vaccine mandate adds to driver shortages, supply chain concerns

November 17, 2021 Canadian Underwriter Staff

Brokers are struggling to support their transportation clients as a new border-crossing vaccine mandate adds to driver shortages and supply chain concerns for an industry that’s already grappling with a host of prolonged concerns, a broker has said. The recent

News Insurance

Annual inflation rate rises to 4.7% in October, Statistics Canada says

November 17, 2021 by Jason Contant

OTTAWA – Statistics Canada says the annual pace of inflation in October rose to 4.7 per cent as the consumer price index posted its largest year-over-year gain since February 2003. The increase compared with a year-over-year increase in the consumer

News Insurance

Why D&O insurers need to focus on the ‘S’ in ESG

November 9, 2021 by Jason Contant

The ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have

News Insurance

‘Remarkably resilient’ construction industry to be key driver in economic recovery

November 1, 2021 Canadian Underwriter Staff

Despite facing prolonged supply chain disruptions, rising materials costs and labour shortages, the construction industry is set to lead economic recovery from the COVID-19 pandemic globally, and in Canada. Although the near-term global economic outlook remains clouded by surging inflation

News Insurance

Businesses see higher inflation, wages and job changes, Bank of Canada reports

October 18, 2021 Jordan Press - THE CANADIAN PRESS

OTTAWA – Consumers and businesses expect increases in the cost of living to stay hot over the next year, the Bank of Canada says as part of surveys results that also show people more willing to search for new jobs,

News Insurance

Construction risk advice critical amidst continued supply chain issues

September 17, 2021 Canadian Underwriter Staff

Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor

Lumber yard
News Insurance

Aviva Canada exec predicts how long supply chain pressures will last

June 24, 2021 by Jason Contant

A supply chain bubble that is putting pressure on the Canadian P&C insurance industry should burst within a year or two and it’s just a matter of riding it out, an Aviva Canada claims executive suggested during a virtual fireside

News ClaimsClaims CanadaLegal

New Supreme Court of Canada guidance on liability for Canadian clients operating overseas

February 28, 2020 by Greg Meckbach

If you place commercial liability insurance for clients with supply chains outside of Canada, be sure and check out Friday’s Supreme Court of Canada ruling in Nevsun Resources Ltd. v. Araya. In its divided ruling, Canada’s top court ruled that

News Insurance

Blockade trips up Canada’s biggest ports as shippers steer clear of rail closure

February 21, 2020 Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – A rail blockade in eastern Ontario has led to backlogs at Canada’s three biggest ports, prompting some shippers to take their business elsewhere as cargo piles up and dockworkers’ paycheques shrink. The protest along Canadian National Railway tracks

News LegalRisk

The big question mark on supply chain liability risk

October 23, 2019 by Greg Meckbach

What liability risk do Canadian corporate clients face if they have supply chains in countries where workers are vulnerable to abuse or unsafe working conditions? It’s an open question right now, but brokers could get some guidance once the Supreme

Feature Claims CanadaInsurance

The evolving nature of business interruption

July 6, 2018 Aleksandra Zivanovic

In the face of climate change, cyber risks, and mass terror plots affecting entire regions and sometimes economic sectors, business interruption coverage is a challenging coverage to both write and adjust. This challenge is multi-faceted and directly impacted by global