Claims
WASHINGTON – Some of the world’s largest airlines are banning bulk shipments of rechargeable batteries in the face of mounting evidence of their potential to cause catastrophic in-flight fires. Citing safety concerns, United Airlines on Monday became the second major U.S. airline to announce it will no longer accept bulk shipments of rechargeable batteries, also […]
By Canadian Underwriter | March 4, 2015
4 min read
Aon Risk Solutions’ 2015 Political Risk Map, which portrays risks in emerging markets, shows that the top political risk is the increasing instability in already-fragile oil-producing countries as a consequence of the low oil price. “The falling price of oil will hit oil-producing countries, particularly those in the Middle East and North Africa that are […]
5 min read
The Marsh Global Insurance Index showed rate decreases for the fourth quarter of 2014 compared to the fourth quarter of 2013, marking the seventh consecutive quarter of decline. According to the quarterly briefing report, released on March 2, the property line showed the largest renewal rate decreases in the quarter across all regions. Continental Europe […]
By Canadian Underwriter | March 3, 2015
3 min read
The federal government’s newly unveiled Bill C-52, the Safe and Accountable Rail Act, would, if it passes into law, introduce new limits on the power of railways to shift their risk to shippers. In a Transportation Bulletin posted on their website on Feb. 27, McMillan LLP lawyers François Tougas and Ryan Gallagher (pictured below, respectively) noted […]
TORONTO – Looking to break out of winter’s icy clutches? The Weather Network has some bad news – you’re stuck in a frigid embrace for a while longer. The network says bitter cold and record snowfalls that have made this a tough winter across most of the country means spring weather will be a while […]
2 min read
BRUSSELS – Russia and Ukraine’s energy ministers are holding emergency talks after the Russian gas supplier said it would cut off deliveries to the war-torn country as soon as Tuesday if it does not get new payments. The European Union, which is mediating the talks in Brussels hoping to keep gas flowing despite the dispute, […]
By Canadian Underwriter | March 2, 2015
On Friday, the province of Manitoba issued its 2015 February Flood Outlook, which found that there is a moderate to major risk of overland flooding on the Assiniboine River. This first outlook estimates the potential for overland flooding is normal to above normal in the western areas of the province and normal to below normal […]
Are the courts ready to reassess application of the "sistership" exclusion in commercial general liability (CGL) policies? Canadian courts have had mostly a restrictive interpretation of the clause, providing little in-depth analysis. But a recent case out of British Columbia represents a first, offering a plain reading review of the exclusion and potential expansion of its use.
By Hollis Bromley, Partner, Alexander Holburn Beaudin + Lang LLP|Hollis Bromley, Partner, Alexander Holburn Beaudin + Lang LLP | February 28, 2015
7 min read
In a case of loss involving underinsurance, broker liability can be at play. A 2014 ruling by the Quebec Superior Court reiterates that as a "licensed professional," a damage insurance broker has a duty to provide clients with sound advice and to direct them towards the right resources and information to help them obtain suitable insurance coverage.
February 28, 2015
6 min read
Modelling flood risk in Canada would be no easy task. Flood perils have not yet been covered by the catastrophe models because of several unique complexities. Canadian insurers, however, can evaluate flood risk using new, open modelling platforms that provide insight into potential future losses from a wide range of scenarios.
By Karen Clark, Chief Executive Officer, Karen Clark & Company|Karen Clark, Chief Executive Officer, Karen Clark & Company | February 28, 2015
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