Claims

How Northbridge is advising clients to prepare for second COVID-19 wave

One key component of preparing for the anticipated second wave of COVID-19 cases in Canada is for businesses to assess how they responded to the first wave of the disease, Northbridge Insurance is telling its commercial clients. “Many businesses that were hard hit during the first lockdown worry that they won’t survive a second lockdown,” […]

By Greg Meckbach | September 18, 2020

2 min read

Forecast models show Hurricane Teddy could hit Maritimes next week

HALIFAX – The Canadian Hurricane Centre’s top meterologist is suggesting the combination of Hurricane Teddy and a continuing pandemic should prompt Maritimers to plan well ahead for potential power outages. The storm was churning northward in the Caribbean Friday, with maximum wind speeds over 200 kilometres per hour. Potential tracks cited by the centre show […]

By Jason Contant | September 18, 2020

3 min read

FM Global appeals $25-million BI award arising from reactor shutdown

Factory Mutual is appealing an Ontario court ruling that included a finding that “resulting physical damage” can mean loss of use. David Liblong, a partner with Liblong Digambar Professional Corporation, told Canadian Underwriter Wednesday that the insurer is appealing MDS Inc. v. Factory Mutual Insurance Company, released Mar. 30 by the Ontario Superior Court of […]

By Greg Meckbach | September 17, 2020

3 min read

Will the U.K. decision in a test BI case matter to Canada? Intact and ratings agencies weigh in.

The verdict in the British Financial Conduct Authority’s business interruption test case could have an impact outside of Britain, one credit rating agency warns, but Canada’s largest carrier appears to be largely unaffected. The vast majority of Intact Financial Corp.’s business interruption policies are significantly different from the wordings at issues in The Financial Conduct […]

By Greg Meckbach | September 17, 2020

3 min read