Claims

Business interruption insurer could be sued by this Canadian restaurant owner

An Ontario-based restaurant company whose sales dropped more than 50% during the pandemic may be taking legal action against its business interruption insurer. In a recent securities filing, SIR Royalty Income Fund said its business interruption claim from the COVID-19 pandemic was denied. Burlington, Ont.-based Serviced Inspired Restaurants (SIR) has more than 50 eateries in […]

By Greg Meckbach | February 9, 2021

3 min read

ICLR’s Paul Kovacs honoured with lifetime achievement award

Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR), has received the Joseph Scanlon Lifetime Achievement Award from the Canadian Risk and Hazards Network (CRHNet). CRHNet is a not-for-profit organization established in 2003 to share hazards research and promote and strengthen disaster risk reduction and emergency management in Canada. Kovacs received CRHNet’s […]

By David Gambrill | February 8, 2021

3 min read

Why this drunk driver couldn’t be sued by victims of a hit-and-run

A Saskatchewan motorist who pleaded guilty to impaired driving cannot be sued in the province by victims of a hit-and-run accident that happened in Saskatoon a few hours before the inebriated motorist was pulled over and arrested by police. This is the result of a Supreme Court of Canada decision released Thursday. Unlike some other […]

By Greg Meckbach | February 5, 2021

5 min read

How much Chubb predicts COVID could cost the industry

COVID-19 could ultimately cost the global property and casualty insurance industry somewhere in the neighbourhood of US$75 billion in claims, Chubb Limited CEO Evan Greenberg suggested Wednesday. Zurich, Switzerland-based Chubb released its financial results for 2020 on Tuesday. During a conference call Wednesday to discuss the results, a stock-and-bond analyst asked Greenberg about the overall […]

By Greg Meckbach | February 4, 2021

3 min read