Claims

Fee disclosure: Where national guidance meets provincial regulation

If you are a broker concerned about fair dealing with consumers, must you disclose your premiums that are baked into their premium rates? Or only those fees separate and apart from your commissions? In fine Canadian fashion, the answer depends on which province you’re in. Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance […]

By David Gambrill | March 29, 2022

3 min read

Alberta Appeal Court keeps $217 million oilpatch cleanup liability case alive

A bankruptcy hearing that could determine whether more than $200 million in oilpatch environmental liabilities wind up on the public dime will have to go back to court. The Alberta Court of Appeal ruled Friday that the long-running bankruptcy of Sequoia Resources, which involves cleanup costs for thousands of oilpatch facilities, should return to the […]

By Jason Contant | March 29, 2022

3 min read

How to reduce hail damage costs

One way homeowners and insurers can reduce annual hail damage is to use impact-resistant asphalt shingle roofs instead of standard shingles, finds a new report.     A new Institute for Catastrophic Loss Reduction benefit-cost analysis report shows annual hail damage in Canada has amounted to $400 million each year, on average, since 2013. To […]

By Alyssa DiSabatino | March 28, 2022

2 min read

Flood fears ease in Manitoba amid good weather and slow melt, officials say

WINNIPEG – Fears of spring flooding are easing in Manitoba, thanks to recent weather. A winter of heavy snowfall had initially raised worries across much of the province. But two weeks of slow melting – above-zero temperatures during the day and below-freezing at night – has reduced the snowpack and lessened the risk of a […]

By Jason Contant | March 28, 2022

2 min read