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Claims
Be it the Internet of Things, business process automation, environmental concerns, or a whole host of other emerging trends and challenges, the claims industry is behind the times when it comes to being ready to take these on these issues, a panel of claims experts told a recent conference. “My view is that we’re not […]
By Adam Malik | January 23, 2020
3 min read
Insured damage from floods, rain, snow and windstorms reached $1.3 billion in 2019, the Insurance Bureau of Canada (IBC) reported Tuesday, citing data from Catastrophe Indices and Quantification Inc. (CatIQ) “Like 2018, no single event in 2019 caused the high amount paid out for losses,” IBC said. “Instead, Canadians and their insurers experienced significant losses […]
By Greg Meckbach | January 22, 2020
2 min read
ST. JOHN’S, N.L. – Commercial flights have resumed in and out of St. John’s, N.L., today, as eastern Newfoundland continues to dig itself out from last week’s record-breaking blizzard. Today is the sixth day the provincial capital has been under a state of emergency after a storm dumped more than 76 centimetres of snow on […]
By Jason Contant | January 22, 2020
An Ontario court has rejected an attempt by claimants in a bad faith claim against an insurer to blur the line between claims adjudication and setting claims reserves, ruling that the insurer’s “records pertaining to reserves” were irrelevant to how the claim was decided. In Kanani v. Economical Insurance, released last Friday, the court considered […]
By David Gambrill | January 21, 2020
EDMONTON – In a few weeks, Ken Block will hang up his uniform as head of Edmonton Fire Rescue and head Down Under to assume command of 5,000 firefighters in Australia. “I’m really looking forward to getting over there,” the fire chief said in an interview this week. Block is to lead a newly created […]
By Jason Contant | January 21, 2020
Buried under a record-breaking 76 cm of snow over a 48-hour period, and with 15-20 cm more snow in the forecast Monday, it will be a while before claims adjusters will be able to assess the damage of the massive winter blizzard that hit Newfoundland & Labrador last weekend. St. John’s and neighbouring cities in […]
By David Gambrill | January 20, 2020
A Kelowna couple have been sued for $168,000 after a house they sold suffered basement flooding. In Brunning v. Cummings, released Jan. 13, Supreme Court of British Columbia Justice Gordon Weatherill awarded the damages to Cheri and Joel Brunning. The damages are based in large part on how much it would cost the new owners […]
By Greg Meckbach | January 20, 2020
5 min read
The World Economic Forum is sounding the alarm that the top most-likely global risks are all environment-related. In the group’s 15th annual Global Risk Report, survey respondents listed their Top 5 most-likely top global risks in 2020: It’s the first time a single category has occupied all five top spots, Børge Brende, World Economic Forum […]
By Adam Malik | January 20, 2020
If your clients are selling their home, should you ask whether prospective buyers want written assurance that any oil tanks are removed and the soil cleaned up? Scott Warren and Antonia Camille Fantillo sold their home in early 2016. They have been successfully sued, for nearly $45,000, by buyers who later discovered an oil tank […]
By Greg Meckbach | January 17, 2020
A British Columbia court ruling in favour of Intact Insurance Company and Economical Mutual Insurance Company is now final. A Vancouver-based dry cleaners that wanted to make a pollution-related claim with the two insurers, under commercial general liability policies, cannot appeal the coverage dispute to the Supreme Court of Canada, the top court announced Thursday. […]
By Greg Meckbach | January 16, 2020
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