Insurance & Risk, Analysis, Events and Careers
Claims
After a five-year-long business relationship with Intact, ridesharing giant Uber moved its business to Economical. What prompted the move?
October 23, 2020
3 min read
One lesson from the economic disruption from COVID-19 is the importance of telling clients exactly what risks are and are not covered, an Insurance Brokers Association of Ontario panelist suggested Thursday. “Business interruption class action litigation does not attract capital into our country,” Carol Jardine, president of Wawanesa Mutual Insurance Company’s Canadian property and casualty […]
By Greg Meckbach | October 22, 2020
Some brokers are going to get sued by clients whose COVID-19 business interruption claims were denied, a keynote speaker warned Insurance Brokers Association of Ontario (IBAO) members Wednesday. “The main area of claim will be failure to advise of potential risks regarding pandemic, and failure to advise how business interruption coverage actually works in their […]
By Greg Meckbach | October 21, 2020
TORONTO – Health-care workers, businesses and non-profits could receive liability protection against COVID-19-related lawsuits under legislation proposed by the Ontario government Tuesday, but critics said the bill would result in extra protection for long-term care providers who failed residents during the pandemic. Attorney General Doug Downey said that if passed, the proposed law would ensure […]
By Jason Contant | October 21, 2020
4 min read
Teenagers are 3.1 times more likely to follow too closely than drivers older than 45, Manitoba’s auto insurer is warning. Teens are also 3.6 times more likely to lose control or drive off the road than drivers aged 45 and older, Manitoba Public Insurance said in a release this past Friday announcing the launch of […]
By Greg Meckbach | October 20, 2020
2 min read
Using a smart phone to take pictures of property damage as soon as it happens could speed up the claims process and reduce fraud risk, the head of a Canadian claims technology vendor suggests. “The best way to drive efficiency in the claims industry is by capturing the facts as soon as humanly possible after […]
By Greg Meckbach | October 19, 2020
With loss ratios in the Canadian cyber insurance market skyrocketing, purchasing cyber without having to answer a whole bunch of questions may become a thing of the past. In the recent past, if a client was not very large, or if the account wasn’t overly complicated, clients could get cyber insurance by answering fewer than […]
How Canada’s P&C insurers plugged a regulatory hole that exposed the industry to millions of dollars in claims every year
October 18, 2020
Your suppliers are most at risk, and attacks will be costly
October 17, 2020
6 min read
There is growing awareness that governments can transfer the financial risk of natural disasters to both insurance and capital markets, a Swiss Re expert observes. In Asia, Africa, the United States and Britain, there are examples of national and sub-national governments considering ways to share their financial risks — from weather catastrophes to earthquakes — […]
By Greg Meckbach | October 16, 2020
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