Regions across Atlantic Canada are seeing alarming spikes in auto theft claims costs, leaving insurers on high alert. Notably, Moncton, N.B saw auto theft claims costs surge 270% between 2018 and 2023. Most recently, insurers tallied $3,328,444 in claims costs in the city, according to a news release by the Insurance Bureau of Canada. Fredericton, […]
By Alyssa DiSabatino | June 6, 2024
2 min read
In an 18-year-long priority dispute that has gone to the Supreme Court and back, Ontario’s Superior Court says Chubb and Zurich should be equally responsible for paying accident benefits to a driver injured in a rental car, even though the claimant incorrectly identified Chubb as the insurer of the rental car. “The anomalous situation giving […]
By David Gambrill | June 6, 2024
3 min read
Auto theft claims costs in Alberta jumped 55% between 2021 and 2023, says recent data released by Insurance Bureau of Canada (IBC). But which cities bear the brunt of claims activity? A new IBC data release issued today notes theft claims costs leapt by a distressing 65% in Edmonton and 59% in Calgary during those […]
By Phil | June 5, 2024
2 min read
Total 2023 insured losses for catastrophes in Canada didn’t break records, but the total number of events did, according to Aon’s Spring 2024 Insurance Market Update Canada report. “July and August alone accounted for more events than Canada had previously experienced in an entire year,” the report said. It noted elevated temperatures and abnormal rainfall patterns led […]
By Phil | June 5, 2024
2 min read
Solicitor-client privilege and litigation privilege do not protect facts that are required to be disclosed under statutory duty, the Ontario Superior Court of Justice ruled in a recent decision. The case revolved around a LifeLabs LP data breach in which cyber attackers obtained the personal health data of millions of Canadians. The court ruled “health […]
By Jason Contant | June 4, 2024
4 min read
OTTAWA – Canadian cities and towns facing an uphill battle to stave off the effects of climate change will share more than half a billion dollars from a new federal adaptation fund, but the money is barely a blip in the bills Canadian municipalities are facing for floods, fires and other severe weather. A 2020 […]
By Jason Contant | June 4, 2024
2 min read
Auto theft claims costs in Toronto have surged by nearly 1,000% in the past five years, totalling $371,815,072 in 2023, a new list by the Insurance Bureau of Canada finds. Toronto takes first place as the costliest city in Ontario for auto theft claims, according to IBC data. Yet it’s Whitby that’s seen the largest […]
By Alyssa DiSabatino | June 4, 2024
3 min read
B.C.’s Court of Appeal has quashed a damage award of more than $631,341 to an injured driver. A trial judge ruled the injured driver was entitled to receive the award, even though the same trial judge found the driver’s testimony lacked credibility and reliability — and even hinted at an attempt to defraud the province’s […]
By David Gambrill | June 3, 2024
4 min read
Major cities across British Columbia, Alberta and now Saskatchewan are at high risk for this year’s escalating wildfire season, finds a study by MyChoice. But the city at highest risk is Kamloops, B.C., with a risk score of 9.4 out of 10, according to the insurance comparison website. Saskatoon, Sask. has the second highest risk […]
By Alyssa DiSabatino | June 3, 2024
2 min read
ST. JOHN’S – The company behind a popular independent television station in Newfoundland and Labrador says it was hit by a cyberattack. The Newfoundland Broadcasting Company Limited says the attack has not hampered on-air operations at NTV nor at its radio station, OZFM. A company statement says it has confirmed that the perpetrators accessed parts […]
By Jason Contant | June 3, 2024
2 min read