Insurable Interest Canadian Insurance Blog

Gartner Predicts “Death by AI” Legal Claims Will Exceed 2,000 Worldwide by End of 2026 Stamford, CT (Apr. 2, 2026) – General Counsel (GC) must consider new AI insurance offerings as part of their strategy to stay on top of their organization’s exposure to AI-related risks, according to Gartner, Inc., a business and technology insights company. “As AI incidents surge and insurers increasingly add AI exclusions to traditional policies, companies face growing exposure to legal, financial and regulatory fallout from algorithmic failures,” said Alissa Lugo, Senior Director Analyst in the Gartner Legal & Compliance Practice. “GC should be evaluating a new wave of ‘affirmative AI insurance’ offerings that provide targeted coverage for risks, such as hallucinations, bias, IP infringement and safety failures.” Gartner analysts advise that if organizations are to broaden AI adoption in a responsible way, legal leaders must develop a clear understanding of the financial, operational and legal implications of dedicated AI insurance, including its costs, benefits and coverage terms (see Figure 1). Figure 1: Benefits and Risks of Affirmative AI Insurance Source: Gartner (April 2026) “Currently, AI risk is not sufficiently addressed through the combination of internal risk management practices and traditional business owners’ insurance policies, which...

Accenture and Databricks Accelerate Enterprise Adoption of AI Applications and Agents at Scale Clients across industries, such as Albertsons, BASF, and Kyowa Kirin International are working with Accenture and Databricks to build agent-ready databases and AI applications on their enterprise data New Accenture Databricks Business Group will be supported by more than 25,000 Databricks-trained professionals—including the largest certified talent pool in the ecosystem—to support joint customers in deploying and scaling Lakebase, Genie, Agent Bricks, and Lakehouse New York, NY (Mar. 17, 2026) – Accenture and Databricks, the Data and AI company, are helping global organizations unlock the full potential of their enterprise data and scale adoption of AI applications and agents. As part of a strategic expansion of their partnership, the companies are launching the Accenture Databricks Business Group, with a focus on helping clients adopt Databricks as their core data and AI platform. Together, the companies will help clients leverage Databricks’ newest innovations including Lakebase for serverless Postgres databases built for AI, Genie to let any employee chat with their data, and Agent Bricks for high-quality agents built on enterprise data. Organizations struggle to scale AI due to fragmented data and legacy infrastructure that silo information and stall innovation....

Calgary, AB (Apr. 8, 2026) – Benevolent Marketing is excited to welcome Quotey as the first insurtech member in the Benevolent Trust Lab, a new initiative that helps insurtechs align product, marketing, sales, and implementation around trust as a core design principle, not a tagline. By joining the Trust Lab, Quotey will work closely with Benevolent Marketing and its principal, Steve Pieroway, to examine how trust shows up in its day-to-day brand experience. “If there’s one truth in our industry, it’s this: the insurance industry runs on trust, and that includes tech vendors,” said Nick Kidd, CEO & Co-founder of Quotey. “I believe we do a good job building trust with our customers, and there’s always room to improve. Being part of the Benevolent Trust Lab gives us an opportunity to review our go-to-market approach through the lens of trust and make sure our promises, delivery, and outcomes line up.” “Quotey is a well-respected insurtech brand in the Canadian ecosystem,” said Steve Pieroway, Principal at Benevolent Marketing and creator of the Benevolent Insurtech Trust Index. “I’m excited to work with Nick and the entire Quotey team to build on the trust they’ve already earned and carry it through consistently in...

In 2025, secondary perils† – among them wildfires, severe convective storms and floods – accounted for a record 92% of total global natural catastrophe insured losses of USD 107 billion Population growth, rising asset values and elevated reconstruction costs among factors increasing exposure and insured losses over time Swiss Re’s modelling shows that in a peak-loss scenario, insured losses could reach USD 320 billion in 2026, underscoring the continued need for well-designed adaptation and risk mitigation measures Zurich, Switzerland (Mar. 19, 2026) – Secondary perils dominated natural catastrophe headlines in 2025. The LA wildfires, for example, generated record-breaking combined insured losses of around USD 40 billion. Losses from severe convective storms (SCS) remained elevated with USD 51 billion of losses. 2025 was also notable due to the absence of a major US hurricane landfall. With long-term global insurance losses from natural catastrophes continuing to follow the 5–7% annual growth rate, sustained adaptation and risk mitigation are instrumental to maintain long-term insurability and reduce protection gaps. Balz Grollimund, Head Catastrophe Perils, said: “The below-trend natural catastrophe losses seen in 2025 are the result of favourable variability rather than any easing of underlying risk. If losses return to normal long-term levels, they would total USD 148 billion...

Science-based roadmap gives communities practical steps to reduce home ignition and limit neighborhood-level wildfire destruction Richburg, SC (Mar. 31, 2026) – The Insurance Institute for Business & Home Safety (IBHS) and the American Property Casualty Insurance Association (APCIA) have released a new resource to help local governments, fire services and other community organizations come together to implement coordinated wildfire mitigation programs in their communities. The Community Wildfire Risk Reduction Program Framework outlines how communities can organize, launch and sustain effective wildfire risk reduction efforts. The toolkit provides: Step-by-step guidance to plan, design and launch a local wildfire risk reduction program. Science-based home mitigation standards, including structure hardening measures and defensible space requirements such as the 0–5 foot noncombustible safety zone. Assessment and training resources, including materials to train home assessors and support consistent property evaluations. Implementation tools and templates, such as program checklists, sample forms, funding considerations and administrative guidance. Outreach and coordination strategies to engage homeowners, local partners and supply chain providers. “Communities are learning how to live with wildfire because in many areas it’s no longer a distant threat — it’s a reality,” said Steve Hawks, senior director for wildfire at IBHS and retired assistant deputy director at CAL FIRE....