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Claims
Slapping a woman on the buttocks in the workplace may be grounds for dismissal, but the threshold for terminating severance as a result of sexual harassment requires ‘wilful misconduct,’ the Ontario Court of Appeal has ruled. In essence, if the harassment was done “in the heat of the moment,” and not as part of a […]
By David Gambrill | April 27, 2022
4 min read
While federal budget proposals aimed at dampening home-price escalation may modestly help insurers control reconstruction costs for insureds, there’s another side to the conversation. What if it doesn’t work? Beyond price appreciation, lots of factors — like updates to building codes after a home is built, rising materials costs, and maturing of landscaping and increased […]
By Phil | April 26, 2022
2 min read
As the cyber landscape and ransom attacks evolve, the onus is on insureds to protect themselves just as much as it is on insurers to provide coverage, says a webinar panellist. “The archaic method of underwriting risk has shifted dramatically in the past two years as a result of both COVID and the loss ratios […]
By Alyssa DiSabatino | April 25, 2022
Look for Canada’s P&C industry to fine-tune the hybrid workplace model over the next six months, as the country starts to ease pandemic restrictions, industry execs say. The tinkering will involve achieving the best balance between meeting in person with clients and colleagues, while maintaining the ability to focus on getting the work done in […]
By David Gambrill | April 21, 2022
3 min read
WINNIPEG – Manitoba’s infrastructure minister says there have been unique challenges with flood forecasting and the spring melt as the province prepares to be hit by another wet weather system. Doyle Piwnuik says it’s not clear yet exactly where the upcoming storm will hit but it could lead to some overland flooding in areas that […]
By Jason Contant | April 21, 2022
1 min read
When adjusters are finally able to assess the damage stemming from the war in Ukraine, costs may exceed the Sept. 11, 2001 terror attacks as the largest industry-wide insured loss, across all classes of business, in history, said a specialty lines briefing from loss-estimates reporting firm PCS. “Aggregate industry-wide insured losses could exceed approximately US$20 […]
By Phil | April 20, 2022
Alberta’s insurance industry saw a claims ratio of 77% for auto in 2020. While this is an improvement from 2016’s claims ratio of 87%, it still poses challenges for the industry, one industry rep notes. Despite signs the province’s auto insurers are actually losing money, the industry nevertheless is “caught in the middle” of […]
By Alyssa DiSabatino | April 20, 2022
A taxi driver who was severely beaten by a passenger, after the driver walked 40-to-50 steps away from his running taxi to collect a fare, was not involved in an insurable “auto accident,” the Ontario Superior Court has confirmed. The court upheld a decision by the License Appeal Tribunal (LAT), which rejected the taxi driver’s […]
By David Gambrill | April 19, 2022
Cracking down on factors contributing to home-price escalation is a major component of the Apr. 7 federal budget document. If successful, they could affect insurers’ ability to control reconstruction costs and other claims impacts for their insureds. Proposed budget actions include a two-year moratorium on some purchases by foreign buyers and a call to create […]
By Phil | April 19, 2022
Nearly all Canadian brokers agree addressing diversity, equity and inclusion (DEI) issues is linked to business success, according to a late 2021 Canadian Underwriter online survey of 208 brokers across Canada, made possible with the support of Sovereign Insurance. It found 91% agree brokers see DEI practices as important. Organizations with no diversity within their […]
By Phil | April 14, 2022
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