Insurance & Risk, Analysis, Events and Careers
Claims
Four Alberta catastrophes this year have cost insurers a grand total of about $2 billion, the Insurance Bureau of Canada confirmed this week. A hailstorm June 13, affecting mainly northeast Calgary, topped the list as it caused about $1.2 billion in insured damages. Quoting Catastrophe Indices and Quantification Inc. (CatIQ), IBC noted Tuesday that April […]
By Greg Meckbach | September 10, 2020
2 min read
A $15-million defamation lawsuit by an insurers’ medical examiner against an Ontario-based personal injury lawyer is going to trial, the Supreme Court of Canada announced in a divided ruling released Thursday. Dr. Howard Platnick “deserves to have his day in court to potentially vindicate his reputation,” Justice Suzanne Côté wrote for the majority in Bent […]
3 min read
Something needs to be done to make it easier to let Canadian claims adjusters work outside their home province in the event of a disaster, speakers suggested on a recent webinar. “It’s generally understood that it’s easier to bring U.S. adjusters up to Canada than it is to bring adjuster across provincial boundaries in the […]
By Greg Meckbach | September 9, 2020
A recent Ontario court ruling arising from a major structural defect in a cottage country home shows why a homeowner should get the vendor to complete a seller property information sheet (SPIS) before agreeing to a purchase. “The law can provide remedies for the misrepresentation of home defects even many years after the fact,” Toronto […]
By Greg Meckbach | September 8, 2020
4 min read
Some clients seeking business interruption coverage arising from the COVID-19 pandemic are looking to the courts for a “generous” interpretation of policy wording, a Canadian lawyer says. “In the context of property damage claims related to the novel coronavirus, many commercial insurance policyholders have reported that they have been denied business interruption coverage on the […]
By Greg Meckbach | September 4, 2020
If your clients are going to be hit with rate increases and major changes in terms and conditions to their directors’ and officers’ (D&O) liability policies, you might want to give them some advance warning. “We tend to prepare early and get out in front of our clients, 90 to 120 days before renewal, and […]
The federal government is facing a proposed class-action lawsuit over data breaches earlier this year affecting thousands of users of online service users. Criminals were able to get the user names and passwords of 9,041 users of GCKey, the federal government announced in August. GCKey lets people access multiple federal government services – including Employment […]
By Greg Meckbach | September 3, 2020
If you disagree with a co-worker on exactly what a catastrophe is, both of you could be right. There is no single standard definition of a “Cat,” with the industry’s loss costs — and even media coverage — among the factors that go into deciding whether an event is a Cat. “We are not all […]
A collision repair centre in the Greater Toronto Area has lost its court bid to dismiss Aviva Canada’s $330,000 civil lawsuit against it. The case arose from Aviva’s highly-publicized 2017 investigation into the auto collision industry, based on suspicion of fraudulent activity. The Ontario Superior Court’s decision means Aviva Canada’s lawsuit against McLaren Collision Centre […]
By David Gambrill | September 2, 2020
Many insurers that did not start adding pandemic exclusions this past July may have to do so in January, a Winnipeg-based executive with commercial brokerage Gallagher reports. “The majority of insurers – or all insurers – are adding specific wording around pandemic exclusions,” said Kevin Neiles, chief marketing officer and president of Western Canada for […]
By Greg Meckbach | September 2, 2020
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