As more auto insurance clients take on work for rideshare and food delivery companies to make ends meet, industry sources note they may not always consult insurers or brokers before starting those jobs. That’s bad because failing to tell insurers about changes from personal use to commercial driving can lead to claims denials if clients […]
By Phil | May 31, 2024
3 min read
ABBOTSFORD, B.C. – A judge has certified a class-action lawsuit alleging destruction in the November 2021 atmospheric river flooding in the Fraser Valley was magnified by improper operations of a pump station. B.C. Supreme Court Justice S. Dev Dley says the lawsuit’s allegations against the City of Abbotsford potentially affected a significant number of people […]
By Jason Contant | May 31, 2024
2 min read
MONTREAL – Environment Canada says the tornado that hit west of Montreal on Monday generated maximum wind speeds of about 155 kilometres per hour. The agency says in a statement today that the storm’s path was 14 kilometres long, from Très-Saint-Rédempteur, Que., to Pointe-Fortune. Data collected by the Northern Tornadoes Project from Western University in […]
By Jason Contant | May 30, 2024
1 min read
Canada’s continuing auto theft crisis drives comprehensive auto premiums for commonly stolen vehicles by almost 40% above average, rate aggregator RatesDotCa reports. The comprehensive portion of auto insurance premiums for ten of the most commonly stolen vehicles in 2024 is approximately 37% above the average comprehensive premium cost, according to recent data from RateDotCa’s auto insurance […]
By Jason Contant | May 30, 2024
3 min read
It’s likely to be a whopper of a storm season. And it might be time to rethink building everything along the coastline. That’s the short take from Moody’s Analytics commentary on the 2024 North Atlantic hurricane season, which notes the storms have led to US$275 billion in insured losses since 2017. “Event losses are escalating […]
By Phil | May 30, 2024
3 min read
In a dispute over whether it would clean or replace dental equipment damaged in a commercial building fire, a national insurer was ordered to pay the replacement costs and actual cash value of the equipment, as well as $18,800 in legal fees, to the dental practice. Aviva Insurance Company of Canada sought judicial review after […]
By Alyssa DiSabatino | May 28, 2024
5 min read
RIGAUD, QUE. – A suspected tornado that touched down in southwestern Quebec late Monday afternoon has damaged homes and farm buildings, but a local fire official said no injuries have been reported. Rigaud Fire Department acting chief Guillaume Roy said four homes were damaged, including one whose roof was ripped off, and a number of […]
By Jason Contant | May 28, 2024
2 min read
OTTAWA – A wall of flames met David Matear when he finally stepped outside of the downtown Fort McMurray hospital, after the final patient was hurried out of the building and into a waiting bus. “You couldn’t see the trees. You just saw fire,” said Matear, the senior operating director for the health system in […]
By Jason Contant | May 27, 2024
5 min read
VANCOUVER – Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom. The Richmond, B.C.-based company says in a statement the files may contain “some employee information,” calling it a “deeply distressing” situation. London Drugs was responding […]
By Jason Contant | May 24, 2024
3 min read
Cyber protection has evolved considerably over the years, from a defensive strategy to what has become an offensive strategy. Cyber insurance used to be a promise to pay out a claim, attendees heard Thursday at the CFC Summit 2024 in Toronto. Now, it’s a promise to protect a client without the client needing to install […]
By Jason Contant | May 24, 2024
3 min read