Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
Right from the get go, it is instilled in us that fire has very few redeeming qualities if any at all. Essentially nothing good ever comes from fire, or so we’re told. It’s an evil force that must be quelled,…
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The insurance industry is familiar with the fight against fraudulent claims, particularly in Ontario. It’s been a hot topic for several years now, but it might actually be spreading further throughout the province more than we previously thought—despite the excellent…
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The Ontario Court of Appeal has overturned a lower decision that found an insurer owed a duty to defend an insured in a sexual assault claim, under a commercial general liability policy. The Claim In Southside Muay Thai Academy Corp.…
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Stephen Dishart served as Managing Director of Corporate Communication and HR for Swiss Re’s Americas Division at the time of the terrorist attack of Sept. 11, 2001. He led the strategic communication team that worked very closely with senior management…
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The immediate and direct effect of Covid-19 on the insurance industry is obvious and broad reaching. For many reasons, insurers must consider their ability to operate during the pandemic as an indication of their preparedness for the future. From claims…
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If you’re a broker looking to insure an apartment building or condominium complex in Canada, you should be aware of the challenges — and how to navigate them. In today’s hard market, most insurance companies are reluctant to take on…
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To the lay person, it only stands to reason that a business interruption policy would respond to what for many enterprises isn’t merely an interruption in their business, it is quite possibly a death knell. This is certainly the sentiment…
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Someone once asked Ernest Hemingway how he went bankrupt and he responded, “Two ways. Gradually, then suddenly.” This short piece is intended to provide you with strategies to protect your brokerage and position yourself for the recovery that will follow…
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P & C industry professionals, commercial insurance brokers and underwriters all love stats. After all, our entire industry is based on analyzing data and understanding trends. So, before we get started, let me start off with some statistics about the…
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The Ontario government announced last Friday that it was suspending limitation periods while the province was under a state of emergency because of COVID-19. This will have a major impact on loss transfer and priority disputes. Loss Transfer Limitation Periods…
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We have written this piece to share our observations on issues that have an impact on mergers and acquisitions (M&A) activity in the Canadian Property and Casualty (P&C) Insurance Industry. These observations are based on divestiture processes we have been…
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Why Insurance Needs to Innovate Late last year AM Best released their new methodology and criteria on scoring and assessing innovation. “Innovation is becoming increasingly critical to the long-term success of all insurers. With innovation, companies can develop sustainable competitive…
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In this piece, industry veteran Phil Cook makes a number of good points about the current state of the p&c market in Canada. Cook makes the distinction between a hard market and a difficult market, sharing that he is not…
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There is an old joke that has a young Senate intern at a fairly high-level Washington, D.C. cocktail party. The intern approaches a four-star general standing alone and engages in small talk. “Wow, that’s a lot of medals you have…
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