Insurance & Risk, Analysis, Events and Careers
Claims
Ontario auto clients should start thinking soon about their seasonal tire change, an executive with Gore Mutual suggests. “As we get further into fall and temperatures begin to drop below seven degrees Celsius, motorists should definitely begin thinking about changing to winter tires. In southwestern Ontario, this change in weather typically happens around mid- to […]
By Greg Meckbach | October 6, 2020
2 min read
British insurers are not taking yes for an answer from the High Court of England and Wales, which recently ruled that insuring business interruption “following” a notifiable disease, within a certain distance of the client, does in fact mean that COVID-19 is covered if there was even one case in the client’s vicinity. The U.K. […]
3 min read
A solar energy developer has lost its appeal against Economical in a commercial coverage dispute regarding an additional insured, in which the policy wording referred to “liability arising out of the operations” of the insured. “Contractual insurance obligations and additional insured endorsements are a frequent source of litigation between owners, contractors, and their insurers,” as […]
By Greg Meckbach | October 5, 2020
4 min read
Bernard McNulty, Allianz Global Corporate & Specialty’s new chief agent for Canada, explains the impact of the pandemic and what changes may be in store
October 3, 2020
5 min read
By the end of this year, Intact Financial Corp. is hoping that a research centre it funds will have trained more than 140,000 brokers, home inspectors, realtors, and other professionals on how to make properties resilient to extreme weather, CEO Charles Brindamour suggests. The Intact Centre on Climate Adaptation, which is part of the University […]
By Greg Meckbach | October 2, 2020
A proxy battle is underway for control of the corporate parent of Canadian insurance technology vendor Symbility. Hedge fund advisor Senator Investment Group said Wednesday it is asking shareholders of CoreLogic Inc. to vote this November in favour of replacing nine of the 12 members of CoreLogic’s board of directors. Along with Las Vegas-based Cannae […]
By Greg Meckbach | October 1, 2020
British Columbia car rental companies that provide mud and snow tires in December or January are keeping the province’s Civil Resolution Tribunal busy. In Fraser v. ICBC, released Wednesday, the CRT ruled against a claimant who sought $5,000 in damages because the rental car that her insurer provided this past November was lacking winter tires […]
If your clients are looking for business interruption coverage arising from the pandemic, a key question is whether there is a “trends clause” in their policy. “In policies with trends clauses, the calculation of loss of business income must take into account external factors that would potentially impact the future economic performance,” said Eric Charleston, […]
By Greg Meckbach | September 30, 2020
A special pool, in which high-risk properties would have caps or subsidies on premiums for flood insurance, remains a possibility in Canada, and the industry should have a much better idea this fall of what the government plans to do, an Insurance Bureau of Canada official predicts. In a 2019 paper, IBC proposed three possible […]
By Greg Meckbach | September 29, 2020
The economic impact of the COVID-19 pandemic is one of the biggest risks facing Canadian insurers, executives told a recent investors’ conference. “What can happen to us is what we call indirect losses,” Intact Financial Corp. CFO Louis Marcotte said during the recent Bloomberg Canadian Fixed Income Conference. A panel of insurer executives was asked […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.