Claims

Fiona officially the costliest extreme weather event in Atlantic Canada

Hurricane Fiona is the costliest extreme weather event ever recorded in Atlantic Canada, at $660 million in insured damage, according to preliminary estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The long-lived and powerful storm on Sept. 24 is also the tenth-largest in Canada in terms of insured damages, surpassing the 2011 Slave Lake, Alta. […]

By Jason Contant | October 19, 2022

3 min read

Who has right-of-way in Starbucks’ drive-through free-for-all?

A B.C. driver claiming the public auto insurer improperly found him at fault for a collision in a Starbucks’ drive-through has lost his case that he wasn’t at fault because none of the line-up lanes had priority. The Civil Resolution Tribunal of British Columbia found Starbucks’ drive-through is a “highway” under the rules of the […]

By David Gambrill | October 18, 2022

3 min read

How insurers benefit from a green balance sheet

Canada’s property and casualty insurers can grow their premiums and pay out fewer claims if they insure and invest in natural assets, including riverbanks, ponds and wetlands, according to case studies contained in the Intact Centre on Climate Adaptation’s new paper “Getting Nature on the Balance Sheet.”  Shoring up these natural assets, which help with […]

By Alyssa DiSabatino | October 17, 2022

3 min read

Why Lloyd’s has to defend a progressive property damage case

Lloyd’s of London has a duty to defend the City of Timmins in a negligence lawsuit, in which homeowners are suing the city for failing to prevent progressive land erosion that led to an order to remove, relocate or demolish their home along the Mattagami River. Karine Forget-Briand and Marcel Forget bought vacant land in […]

By David Gambrill | October 17, 2022

3 min read