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ARTICLE · 23 MARCH 2018

Insurance & Reinsurance 2018

Blaney McMurtry LLP
Blaney McMurtry LLP
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Insurance companies and policyholders in Canada are facing new risks and challenges, as they always have. Risk resulting from cyber losses and climate change, however, are not merely incremental changes in the insurance world.

CanadaInsurance
David Mackenzie
David Mackenzie
Dominic Clarke
Dominic Clarke
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INTRODUCTION

Insurance companies and policyholders in Canada are facing new risks and challenges, as they always have. Risk resulting from cyber losses and climate change, however, are not merely incremental changes in the insurance world. Rather, they are risks that are both rapidly evolving and difficult to predict. As always in the insurance industry, new risks are met with a creative and insightful underwriting and brokering response. Innovative solutions are required. At the same time, however, existing insurance solutions provide useful foundations for managing emerging risk. Business interruption coverage is a prime example. Business interruption coverage has, traditionally, been included with first-party bricks and mortar property coverage. This insurance has been aimed at protecting the future income stream of protected entities, and has a long history of success protecting policyholders.

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