Industry
XL Catlin announced Monday that its employment practices liability (EPL) coverage, for Canadian architects and engineers, would include lawsuits filed by non-employees – such as suppliers and customers –while its cyber insurance could cover liability for breach of proprietary drawings, designs, customer requirements and specifications. Hamilton, Bermuda-based XL Group Ltd. said Monday it has added […]
By Canadian Underwriter | September 19, 2017
2 min read
The majority of Saskatchewan voters oppose the provincial government’s decision to add provincial sales tax (PST) to a range of insurance products, according to a poll conducted by Maple Leaf Strategies. In May, the Government of Saskatchewan announced that PST will apply to all insurance premiums effective Aug. 1. PST of 6% applies to all […]
A U.S. state, with a cap on compensatory damages payable to accident victims suing the state, can be considered an “inadequately insured motorist” for the purpose of an Ontario auto family protection endorsement, the Court of Appeal for Ontario recently ruled. Court records indicate that in 2010, Glen and Theresa Hartley were injured while touring […]
By Canadian Underwriter | September 18, 2017
3 min read
British Columbia’s wildfire-driven provincial state of emergency expired at midnight (Pacific time) on Friday, the province’s Ministry of Public Safety and Solicitor General has reported. The state of emergency was declared on July 7 and extended four times over the nine weeks that followed, the ministry noted in a press release on Friday. The ministry […]
The Government of New Brunswick announced on Friday that a Crown corporation has been established to oversee the sale of non-medicinal cannabis in the province. The provincial Departments of Finance and Health said in a press release that the government has also secured suppliers of cannabis for the recreational-use market in anticipation of the federal […]
The Centre for Study of Insurance Operations (CSIO) announced on Thursday that its industry-wide solution to deliver digital policy documents to consumers, including proof of auto insurance (eSlips), will be made available to members at no additional charge. “Digital delivery of policy documents is a basic expectation for consumers,” said CSIO board member Christopher Harness, […]
By Canadian Underwriter | September 14, 2017
Digital security company Avast has reported an uptick in attacks targetting Android smartphones and tablets year-over-year in the second quarter of 2017 of nearly 40%. “Mobile cybersecurity attacks are growing rapidly as hackers’ strategies become more agile and dangerous, and what’s at stake is mostly the user’s personal data and privacy,” said Gagan Singh, senior […]
The Insurance Bureau of Canada (IBC) has launched ‘Know Your Policy,’ an online campaign designed to promote insurance literacy among Canadian consumers. “A car collision, a home damaged by wind or hail and a business interrupted by vandalism or floods are risks that people face each day,” Sally Turney, vice president of communications with IBC, […]
Allied World Assurance Company Holdings, GmbH (AWAC) has enhanced its Executive ForceField Side A, Lead Difference in Conditions (DIC) product with “Canadian-specific enhancements,” the company has reported. The revised policy, available to companies throughout Canada, was announced in a press release late last week from the Zug, Switzerland-based company. “This most recent update to the […]
By Canadian Underwriter | September 12, 2017
Commercial insurance prices in the United States were again nearly flat during the second quarter of 2017, global advisory, broking and solutions company Willis Towers Watson (WTW) reported on Monday. For the eight quarter in a row, price changes were less than 1%, according to information from WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). […]
By Canadian Underwriter | September 11, 2017
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