Claims

Intact Centre, Insurance Bureau react to latest Liberal election promise

Wednesday’s Liberal election promise answers a call from Canada’s property and casualty insurance industry for a national standard for scoring properties on their resilience to weather-related disasters. In a speech in British Columbia Wednesday, Prime Minister Justin Trudeau promised a new auditing program so homeowners can assess their readiness to withstand extreme weather, CTV News […]

By Greg Meckbach | August 19, 2021

2 min read

Classic car coverage provider Hagerty could become publicly-traded

Hagerty Group LLC announced Wednesday it has agreed to merge with a special purpose acquisition company, a deal that is expected to result in the classic car insurance provider becoming publicly-traded on a stock exchange. Hagerty Canada LLC, a licensed Ontario brokerage, provides insurance for classic cars underwritten by Elite Insurance Company, an Aviva Canada […]

By Greg Meckbach | August 18, 2021

2 min read

How much the Barrie tornado cost insurers

Six tornadoes that hit Barrie and other communities in Ontario last month caused $75 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The EF-2 strength tornadoes impacted the communities of Barrie, Innisfil, Kawartha Lakes, Little Britain, Manilla, Lindsay, and Lake of Bays on July 15. With wind speeds […]

By Jason Contant | August 18, 2021

2 min read

Why future care damages exceed $1.2 million in this auto tort case

A British Columbia judge has awarded $1.26 million, in future care costs, to a plaintiff who was hit by a car in 2015. In Pevach v. McGuigan Estate, released Aug. 3, Justice Gordon Funt of the Supreme Court of British Columbia found the estate of a motorist is liable to pay $1.7 million to a pedestrian […]

By Greg Meckbach | August 18, 2021

3 min read