That caused a crisis in the Quebec D&O insurance market, where the number of class action lawsuits and their related defence costs escalated over the years, as did disputes arising over evolving securities regulation. Durocher says this may affect how insurers may choose to structure their civil liability contracts. Owning a successful brokerage takes years […]
When cannabis companies merge, they often seek D&O insurance to protect their board members in the event something unforeseen happens during an acquisition. M&A is particularly strong in the U.S. After recreational marijuana was legalized in Canada in October 2018, many lawsuits were filed alleging mismanagement or financial misrepresentations by cannabis company board members. The […]
Insurers have been seeing the effects of climate change on the property side of their books for some time, but now they are witnessing a similar dynamic in the energy line of business, said Darren Tasker, head of energy and construction in Canada for Allianz Global Corporate & Specialty. Hail is another concern for underwriters, […]