Claims

Community mourns Manitoba teens killed by tornado

MELITA, Man. – The mayor of a small southwestern Manitoba town says everyone in the community is devastated after a tornado killed two well-liked teens. Bill Holden says residents in Melita are feeling profound grief since Shayna Barnesky and Carter Tilbury, both 18, died Friday. He says they were well-known and from large, private families […]

By Jason Contant | August 10, 2020

2 min read

Claims

Policies under the microscope

How the outcome of a test case in Britain over business interruption coverage during COVID-19 may reverberate throughout the Canadian commercial P&C market

August 8, 2020

6 min read

Claims

Fraudsters exposed in COVID-19

Here’s where, and why, insurers see more fraud claims being uncovered

August 7, 2020

4 min read

Claims

COVID’s impact on Aviva’s first-half results

Aviva Canada overcame high claims costs related to pandemic losses and severe-weather catastrophe events in Alberta to trim its combined operating ratio (COR) down from 98.1% in the first half of 2019 to 95.5% during the first half of this year. In announcing its 2020 half-year results, Aviva Canada’s parent company, Aviva plc, observed that […]

By David Gambrill | August 6, 2020

4 min read

Tropical storm Isaias expected to bring heavy rain, wind gusts to eastern Canada

HALIFAX – A tropical storm that has lashed parts of the eastern United States should be diminished in strength by the time it reaches eastern Canada, the Canadian Hurricane Centre says. Centre forecaster Chris Fogarty said that Isaias was on track to enter eastern Quebec through Maine late Tuesday into Wednesday. “As it moves north […]

By Greg Meckbach | August 4, 2020

2 min read

What the court said when “surface water” appeared in the policy exclusion, but not in the flood endorsement

The Co-operators has to pay a Mississauga banquet hall facility nearly $1 million – about double the amount it originally paid on a sewer backup policy – for losses arising from an historic 2013 rain storm, the Court of Appeal for Ontario has ruled. In a decision released July 28, the court overturned a 2019 […]

5 min read

Swiss Re Group books $2.5 billion for pandemic-related losses

Swiss Re today reported COVID-19 claims and reserves totalling $2.5 billion across the Group, resulting in a net loss of $1.1 billion in the first half of 2020 (all figures in U.S. dollars). “Based on current information and a prudent analysis of our businesses, and recognizing the inherent uncertainty of the ongoing pandemic, we expect […]

2 min read

The business line that drove Intact’s profitability in 2020 Q2

If you placed homeowner’s insurance with Intact during 2020 Q2, your business helped propel Canada’s largest P&C insurer to its most profitable second-quarter personal property result in more than 10 years. Intact Financial Corp. reported that its combined ratio in personal property was 88.6% during the three months ending June 30, an 11-point improvement from […]

3 min read

Who’s getting funding for new research in wildfire prediction, responses

KAMLOOPS, B.C. – A university located in the heart of one of British Columbia’s most volatile forest fire regions will lead new research in wildfire prediction, prevention and response. Thompson Rivers University in Kamloops was chosen for the research that will improve abilities to forecast, prevent and respond to wildfire emergencies, Forest Minister Doug Donaldson […]

2 min read

TD Insurance’s unique defence to BI class action lawsuits

A coverage dispute lawsuit filed in Ontario mistakenly alleges that TD General Insurance writes business interruption coverage, the insurer says. A proposed Ontario class action filed July 6 alleges TD and dozens of other insurers are in breach of contract for refusing to pay out on business interruption claims arising from the COVID-19 pandemic. Allegations […]

2 min read