Insurance & Risk, Analysis, Events and Careers
Claims
An elderly resident who lost her slip-and-fall claim against a retirement home does not have to pay the legal costs of the home’s insurance company because the insurer’s legal strategy was “at risk of allegations of playing hardball,” the Ontario Superior Court of Justice has ruled. Anna Przyk was injured on Aug. 16, 2015, when […]
By David Gambrill | December 31, 2019
2 min read
Silvy Wright, President, CEO, Northbridge Financial Corporation The industry’s top priority should be helping our customers effectively navigate volatile market conditions. The challenges being faced in both commercial and personal lines are considerable, from rising auto repair costs, required auto insurance reforms across the country, deteriorating property results, to the growing number of severe weather […]
December 27, 2019
1 min read
Businesses large and small need all types of insurance coverage, and Santa’s elf workshop is no exception. Below are some of Santa’s top North Pole policies (condensed from a recent infographic from specialist insurer CFC Underwriting):
By Jason Contant | December 23, 2019
In the last year, Aviva Canada has handled thousands of property and auto claims, including a few quirky and unusual ones. Here are some of the quirkiest: Aviva Canada reported that it paid 99% of its claims in 2018, meaning that in 2018 it paid 256,367 customer claims worth more than $2.7 billion (data calculated […]
Tragedies, mishaps and financial disasters often lead to court disputes, resulting in rulings from judges. Sometimes judges disagree with one another and appeals get filed with higher courts, but the end results often provide lessons for the industry. Here are five key rulings from Canadian courts in 2019. Ontario Corporation Number 1009329 (Enterprise Rent-A-Car) v. […]
By Greg Meckbach | December 20, 2019
11 min read
Brokers who provide home warranty assuming it is not an insurance product could be mistaken if they try to argue this in court – especially if the warranty is written by a regulated insurer. National Home Warranty Group told the Alberta Court of Queen’s Bench that a limited construction warranty it provided (written by Aviva) […]
By Greg Meckbach | December 18, 2019
5 min read
A coverage dispute over pollution exclusions might bring two of Canada’s largest insurers before the Supreme Court of Canada. West Van Lions Gate Cleaners Ltd. has operated a dry cleaners in Vancouver since 1976. Until 1999 an automotive repair business was also at the same site. West Van Lions and its corporate owner were named […]
By Greg Meckbach | December 17, 2019
4 min read
FREDERICTON – Seven months after spring flooding left parts of New Brunswick badly damaged, the Canadian Red Cross has closed a temporary flood relief office in Fredericton. The organization says a total of 1,570 people registered for assistance after the floods. It says seven households are still getting help because of ongoing problems with property […]
By Jason Contant | December 17, 2019
More than half a million Ontarians receive some form of government disability support and an advocate for claimants suggests many of these are caused by motor vehicle accident injuries. “At the end of the day, unpaid claimants don’t just go away. They end up on public support,” said Rhona DesRoches, chair of the board of […]
By Greg Meckbach | December 16, 2019
3 min read
When pricing property coverage in the future, it’s time for the industry to ask itself: “How are we going to deal with changes in weather?” Historically, insurance products have been priced based on data and loss history, observes Ernest Mashingaidze, who was recently named a CIP Society’s National Leadership Award winner. But it doesn’t account […]
By Adam Malik | December 13, 2019
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