Claims

B.C.’s ‘vulnerable’ Fraser Valley needs flood control plan, Senate committee warns

OTTAWA – The Senate Committee on Agriculture and Forestry is calling for a comprehensive flood control plan for British Columbia’s Fraser Valley following last year’s catastrophic floods. Last November, historic rainfall caused flooding of 15,000 hectares of land, affecting more than 1,000 farms and 2.5 million livestock, washing out highway and railway infrastructure, and causing […]

By Jason Contant | October 27, 2022

2 min read

P&C insurers call for a real estate climate risk score

Canadian P&C insurers are banding with Canada Mortgage and Housing Corporation (CMHC) to push for the disclosure of a real estate “climate score,” indicating the likelihood of a building or property being damaged during a natural catastrophe. Insurance Bureau of Canada and CMHC released a report Tuesday calling for the adoption of real estate climate […]

By David Gambrill | October 26, 2022

3 min read

What Licence Appeal Tribunal changes mean for insurers

Recent changes to the Licence Appeal Tribunal (LAT) process are intended to clear the tribunal’s own backlog, but they have complicated the Automobile Accident Benefits Service (AABS) process, which has in turn created “unfair” costs for insurers, says an prominent accident benefits lawyer in Ontario.  LAT’s procedural issues would be better rectified if insurers, lawyers […]

By Alyssa DiSabatino | October 25, 2022

4 min read

Communication around claims must be top priority: CEOs

Supply chain pressures and labour shortages mean Canada’s P&C industry and its suppliers need to focus on communications around claims service to maintain consumer trust and high service levels, insurance executives told a broker conference last week. Matthew Turack, group president of insurance at CAA Club Group, said when it comes to providing claims service […]

By David Gambrill | October 24, 2022

3 min read