Risk
LEITCHES CREEK, N.S. – Charges have been laid after a 17-year-old boy was struck and killed while walking home from a Cape Breton grad party, as a police chief denounced the “misinformation” circulating after the crash. Cape Breton Regional Police said the 21-year-old driver of the vehicle – who they say was “proven not impaired: […]
By The Canadian Press | August 3, 2018
2 min read
A month after being sworn into office, Ontario’s new political rulers have been silent on the issue of auto insurance reform. “We haven’t heard anything formal yet from government,” confirmed Pete Karageorgos, the director of consumer and industry relations for Insurance Bureau of Canada. “We will wait and see.” Contacted by Canadian Underwriter about the […]
By Greg Meckbach | August 2, 2018
3 min read
Aviva Canada is diversifying its portfolio of business to avoid exposure to deteriorating conditions in Ontario’s auto insurance market. “When you look at Aviva’s business in Canada, there’s a heavy concentration in Ontario auto,” Aviva Canada president and CEO Colm Holmes told Canadian Underwriter Thursday. “So, what we’ve been looking at is, how do we […]
By David Gambrill | August 2, 2018
4 min read
ENGLEWOOD, Colo. – Rachael Haber only intended to stay a few minutes when she stopped by the basement apartment of a travelling friend to check on her pet cat. While she was there Tuesday, a small but intense storm hit the area south of Denver, unleashing a torrent of rain that rushed through streets and […]
By Jason Contant | July 31, 2018
As insurers’ computer databases get exponentially larger, the controversy around the use of credit scores in rating property coverage is getting intense. Customers are asking for “transparency” from insurers on how they price and underwrite insurance, Jean-François Larochelle, director of Intact Insurance’s Data Lab, said during a recent webinar, Insurance Analytics to Supercharge Performance. Held July […]
By Greg Meckbach | July 29, 2018
Besides the obvious liquor liability risk in the restaurant and bar sector, risk managers should also pay attention to cyber and sexual harassment risks, says a broker with Holmes Murphy who specializes in the area. Over the past few years, risk managers in the restaurant space have started to realize that even if you are […]
By Jason Contant | July 26, 2018
HALIFAX – Nova Scotia is defending its unique cannabis retail scheme that will sell weed in existing liquor stores amid criticisms the arrangement poses a public health risk. A Halifax psychology professor issued a news release criticizing the model, which the Nova Scotia Liquor Corporation says is unique in the world. Marijuana is to be […]
By The Canadian Press | July 26, 2018
With wildfire losses reaching a whopping $5.6 billion in the past 10 years, there is an urgent need for a solution that can help insurers price the risk accurately, as well as to help municipal and provincial governments know their vulnerabilities so they can take targeted preventative action to protect communities. “Climate change is having […]
By Baxter Hall | July 24, 2018
As the U.S. Commerce Department contemplates imposing a 25 per cent tariff on all vehicles imported into the United States, including vehicles from Canada, risk managers are starting to contemplate where all of this heightened rhetoric around protectionism may take their companies in the future. Urs Uhlmann and Dan Riordan of XL Catlin told Canadian […]
By David Gambrill | July 22, 2018
Once the new cannabis regulations take effect this October, commercial brokers servicing marijuana-producing clients should ask clients what they are doing to keep their production facilities secure. If a commercial underwriter gets an application for insurance from a cannabis grower, the insurer “will have to do the due diligence” to make sure the client is […]
By Greg Meckbach | July 18, 2018
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