Risk
Commercial general liability insurance was never intended to cover damages caused by faulty workmanship. Although this principle has been upheld by some courts in the United States, the 2010 Progressive Homes ruling will likely prompt CGL insurers to re-evaluate decisions to deny their duty to defend.
By Douglas D. Everett, President, IIC Services and CHES Special Risks | December 31, 2015
7 min read
A lack of centralized reporting makes it difficult to understand the scale and scope of cargo theft in Canada. However, existing data indicates some types of cargo - and even certain days of the week - are riskier than others.
By Jaclyn Webster, Claims Business Support Specialist, Northbridge Insurance | December 31, 2015
3 min read
Changes to Ontario auto insurance, which take effect this June, could well reduce claims costs. But insurance professionals who welcome the changes should be careful what they wish for. In order to examine the impact of the reforms on the auto insurance industry, one should consider the fact that insurance is intended to cover economic […]
By Greg Meckbach, Associate Editor | December 31, 2015
1 AssessMed Inc., a provider of independent medical evaluation services, has welcomed Donald Kunkel [1a] as its new president, replacing Brian Sutherland. Kunkel was most recently executive vice president, for AssessMed. Also at AssessMed, Brigitte Kearney [1b] is the company’s new director of quality assurance and recruitment. 2 ACE Limited recently announced more leadership appointments […]
December 31, 2015
4 min read
CLAIMS Alberta responds to 2013 flood review The Alberta government has accepted several recommendations in relation to an independent review of the province’s response to the floods that occurred in the summer of 2013. The report, called Review and Analysis of the Government of Alberta’s Response to and Recovery from 2013 Floods, makes 16 recommendations […]
6 min read
Inadequate track conditions led to a June 2014 derailment of a Canadian National Railway (CN) freight train near Faust, Alta. that left 1,200 feet of railway track damaged, the Transportation Safety Board of Canada (TSB) said. In a report released on Tuesday, the TSB said that an investigation determined that the derailment occurred when the […]
By Canadian Underwriter | December 23, 2015
2 min read
The Transportation Safety Board of Canada reiterated Monday its concern about the risk of runway incursions at Canadian airports as it released an investigation report into an Aug., 2014 incident that caused no injuries. On Aug. 4, 2014, a ground controller at Winnipeg James Armstrong Richardson International Airport cleared a DHC-8 to taxi for departure […]
By Canadian Underwriter | December 21, 2015
Ratings firm A.M. Best Company is maintaining its outlook for the global reinsurance sector at negative, citing the “significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into negative rating pressures.” In a Best’s Briefing on Friday, A.M. Best said that declining rates, broader terms […]
By Canadian Underwriter | December 20, 2015
One-fifth (20.8%) of respondents to an online survey released earlier this week by Deloitte LLP don’t use analytics or rare event modelling in their anti-fraud programs. The poll of more than 3,600 professionals – during a Sept. 22 webcast titled Managing fraud in the digital era: Channeling faint signals amid the noise – also found […]
By Canadian Underwriter | December 17, 2015
Lloyd’s of London, the world’s specialist insurance and reinsurance market, announced on Wednesday that it plans to launch its own insurance-based index in the summer of 2016. Lloyd’s said in a statement that the release “would be the first index for diversified risk,” showing loss ratios and focused on insurance performance. “The availability of detailed […]
By Canadian Underwriter | December 16, 2015
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
