Claims

Why dirt bike accident victim can get Ontario auto accident benefits

An Ontario claimant who suffered a severely disabling injury after falling off his dirt bike during a competition is entitled to accident benefits under his auto policy. This is the result of Beaudin v. Travelers Insurance Company of Canada, released Feb. 26 by a three-judge panel of the Ontario Divisional Court. Travelers had argued that […]

By Greg Meckbach | March 6, 2021

4 min read

Advice from the U.S.: Canada needs exit strategy from national flood

Canada needs to proceed with caution if it wants to establish a taxpayer-supported program to write flood insurance for high-risk homes, an American speaker warned the Canadian P&C industry during CatIQ Connect. “Be very careful with a federal flood insurance program that you have a way out,” said Alice Hill, the David M. Rubenstein senior […]

By Greg Meckbach | March 4, 2021

4 min read

Why reinsurers are watching how UK top court defined ‘occurrence’ in business interruption dispute

The British Supreme Court’s interpretation of the word “occurrence,” in its recent COVID-19 business interruption ruling, should not be applied to reinsurance excess of loss treaties, Guy Carpenter experts argue in a recent paper. In a decision released on Jan. 15, the Supreme Court of the United Kingdom ruled largely in favour of the British […]

By Greg Meckbach | March 2, 2021

2 min read

Letter to the editor: Best Terms — the buyer’s point of view

To the Editor, We would like to respond to your editorial titled “Regulators, leave subscription policies alone,” dated Dec. 7, 2020. It is true that these are turbulent times in the insurance market, and that insurers have been experiencing losses from fires, natural disasters, and Covid-19, as well as lower interest rates. It is also […]

By David Gambrill | February 26, 2021

2 min read