Claims

Trial required to assess Zurich’s right to rescind surety bonds: Appeal Court

As a matter of legal principle, Zurich can rescind performance and payments surety bonds based on fraud or misrepresentation, even if that would affect the rights of innocent third parties in a construction dispute, Ontario’s Court for Appeal has ruled. But whether or not the courts will allow it specifically in the case of Urban […]

By David Gambrill | August 25, 2022

4 min read

How to bust a car theft ring – a look inside project MYRA

In late July, charges were announced in a nearly two-year, multi-jurisdictional investigation nicknamed Project MYRA that targeted rings of organized car thieves. The thieves altered vehicle identification numbers (VINs), and then re-registered and sold the cars privately to unsuspecting customers. At the time, the Ontario Provincial Police (OPP) said they’d recovered 214 vehicles worth more […]

By Phil | August 24, 2022

3 min read

Why insurers risk losing millions in premiums without this tech

Millions in insurance premiums each year in Canada could be at risk due to poor claims experiences and process inefficiencies, but artificial intelligence (AI) technologies can mitigate these losses and create efficiencies that bring in more dollars, a new report found.  “In Canada, $811 million [in] premiums could be at risk per year, or $4.1 […]

By Alyssa DiSabatino | August 24, 2022

3 min read

‘It’s like Lego bricks’: Shippers and consumers feel affects of overflowing ports

Bob Ballantyne broke a cord on his blinds in early July, and his repairman in Ottawa still hasn’t been able to replace the snapped part. “He says, ‘You know, supply chain issues. I can’t get the string that I need to fix it.”’ Ballantyne isn’t alone. The pandemic sent shockwaves through the global supply chain […]

By Alyssa DiSabatino | August 24, 2022

4 min read