Claims

How the Supreme Court of Canada has clarified statutes of limitations on lawsuits

A Supreme Court of Canada ruling against the New Brunswick provincial government means it is now easier in some cases for defendants across Canada to argue lawsuits against them should be thrown out of court because they are time-barred, a Torys LLP litigation lawyer suggests. “The plaintiff does not need certainty of liability nor does […]

By Greg Meckbach | August 13, 2021

5 min read

4 causes of social inflation and why it’s costing your clients more

Social inflation is one reason your client’s commercial rates may be outpacing the insurers’ loss cost trends, a Bermuda insurer CEO suggests. “I define social inflation as including politicians, regulator, or courts re-defining wording in favour of claimants,” said Albert Benchimol, CEO of Axis Capital Holdings Ltd., during a conference call discussing his firm’s financial […]

By Greg Meckbach | August 10, 2021

2 min read

How Lloyd’s Canada says the industry can better prepare for the next time a pandemic causes business interruption

Lloyd’s is talking to Canadian government authorities about how business interruption risk, arising from a pandemic, can be transferred in the future. “In Canada, Lloyd’s has talked to the federal finance department and different provincial government regulators,” Lloyd’s Canada president Marc Lipman said in a recent interview. Lipman was asked whether business interruption, from a […]

By Greg Meckbach | August 9, 2021

3 min read

Top 3 ways Mother Nature can ruin your cottage

Water is often touted as “the new fire,” but not in cottage country, where fire still ranks as the Number 1 cause of loss. “In personal lines, we have seen water become the new fire, or in some cases surpass fire, in terms of the leading cause of loss,” says Shawn Mckone, a senior manager […]

By Jason Contant | August 5, 2021

4 min read