Cannabis: Insurance & Risk Management Implications
Conestoga Chapter Office
515 Riverbend Drive, Unit 101, Kitchener, ON, N2K 3S3
Date and Time: February 25, 2019 1 pm - 4:15 pm
Mario Fiorino, Senior Counsel
Senior Counsel, Insurance Bureau Of Canada
As of July 1, 2018, Cannabis
possession and consumption will be legal in Canada—immediately impacting all
aspects of property and casualty insurance. In the lead up to this date, issues
are being discussed as they arise and decisions are continuously being made
regarding the many minute factors that this legalization will affect.
Are you keeping up-to-date on all
the ways our industry will be impacted?
How will it affect your work as an insurance
Your Insurance Institute is
closely monitoring the situation, along with our friends at the Insurance
Bureau of Canada. In this half-day session, we’ll bring you up-to-the-minute
information on the changing regulatory and risk landscapes and corresponding
What you will learn:
You will leave this seminar with
an advanced understanding of insurance-specific implications of cannabis as at
the date of the seminar—the knowledge you need to continue doing your job
Who should attend:
All insurance professionals need
to know about this: including brokers, underwriters and claims
Exploration of new regulatory landscapes:
- FEDERAL (production of marijuana) – operation of
motor vehicles, heavy equipment and machinery, assessment of the technical
- PROVINCIAL (sales and distribution of marijuana) –
understanding the patchwork rules, what is different provincially vs other
- MUNICIPAL – applicable by-laws, tax
2. Review of the risks associated with possession
and use of cannabis in the following contexts:
- Automobile liability – the coverage implications
of legislation, state of technology for testing, roadside test pilot, new drug
- Social and commercial host liability –
cannabis-related impairment, development of common law negligence
- Condominium management and directors duties –
rules and responsibilities, how to balance rights of the individual vs the
- Personal lines underwriting – medical users and
non-medical users, human rights considerations
- Commercial lines underwriting – commercial
property underwriting and claims considerations
- Commercial liability for producers and
distributers – understanding the liability matrix
- Consequential impact on trademark and intellectual
property – identifying issues with IP including strains of cannabis and
RIBO Hours: 3 Hours Technical (pending)
Mario Fiorino, BA, LL.B, M.Ed.
-Senior Counsel, Insurance Bureau
Mario Fiorino is Director Legal
and Senior Counsel at the Insurance Bureau of Canada, where he is coordinator
of the National Commercial Lines Standing Committee. Mario has a national
practice and provides legal, business and government relations support to all
IBC regional offices. Mario has delivered presentations on risk management,
regulatory compliance, and liability trends across Canada and internationally.
Marc Lefebvre, BA
Coordinator, Insurance Bureau of Canada
Marc is active member of IBC’s CAMP team, which deploys to areas
affected by large claims events. Marc was in Fort McMurray for the return of
evacuees in 2016 and Kamloops, BC in 2017 after the wildfires to meet with
consumers and answer their insurance related questions.
- Prices below are for IIO Members.
Fees noted below do not include hst.
- Non-members and renewing
members please add the IIO Membership fee
- Sorry, no refunds. Credit notes
issued only with 48 hour written notice.
- The price of our
half-day seminars include breakfast snacks
upon arrival and morning refreshment.
Group rates are available for 3 or more members attending the same
session, please contact us: firstname.lastname@example.org