Claims

Kidnap and ransom coverage: What you should tell your clients

Clients can buy insurance that would cover the financial risk of a kidnapping or hijacking, but brokers should be aware of several things. “In the event of a kidnapping, the onus is on the client to finance the ransom payment and then submit their insurance claim,” said Liam Morrissey, CEO of MS Risk Limited, in […]

By Greg Meckbach | January 28, 2021

3 min read

Telematics: Who’s jumping into the pool and who’s watching from the deck

Auto insurers are taking a variety of approaches to telematics: Some are observing from the sidelines, while others report growing interest from consumers. The Travelers Companies Inc. introduced IntelliDrive in Canada last week, as Michael Klein, president of personal insurance for New York City-based Travelers, mentioned during an earnings call Jan. 21. IntelliDrive is a […]

By Greg Meckbach | January 28, 2021

2 min read

Why this insurer had to pay $187K for ex-Ontario PC leader’s legal defence

An Ontario court has ordered Sovereign General to pay $187,313 to cover the legal costs of former Ontario Progressive Conservative Party leader Patrick Brown, who personally incurred the expenses while defending a defamation lawsuit arising from the publication of his 2018 book, Takedown: The Attempted Political Assassination of Patrick Brown. Brown, now the mayor of […]

By David Gambrill | January 28, 2021

4 min read

Risk management lessons from the governor general’s resignation

If a commercial client has any inklings of a toxic workplace, an independent investigation is one way of managing reputational and liability risk, an expert says. The resignations last week of Governor General Julie Payette and her secretary may have brought the related topics of workplace harassment and employment practices liability higher on some risk […]

By Greg Meckbach | January 26, 2021

3 min read