Insurance & Risk, Analysis, Events and Careers
Claims
Laura Twidle, managing director at Catastrophe Indices and Quantification Inc. (CatIQ), adds a new twist on why the P&C industry is inundated with flood claims. Hint: It’s not just climate change
December 2, 2019
5 min read
We’ve all heard of ‘silent cyber’: potential cyber exposures contained within traditional property and liability policies that may not implicitly include or exclude cyber risks. But what about a ‘silent assassin’ in a policy? “Technology-related areas are a silent assassin for medical providers and their insurance policies,” Tim Boyce, healthcare practice leader with London, UK-based […]
By Jason Contant | December 2, 2019
3 min read
Is the cost to repair vehicle brakes covered by an optional Autoplan policy in British Columbia? Yes, if the fact situation is similar to a small claims dispute recently heard by the province’s Civil Resolution Tribunal. In Driedger v. ICBC, the tribunal ordered the Insurance Corporation of British Columbia to pay Ronald Driedger $1,768.29 – […]
4 min read
A $5.6-million court award in favour of Lloyds Underwriters and one of its Quebec-based shipowner clients has been restored by the Supreme Court of Canada. Desgagnés Transport Inc. v. Wärtsilä Canada Inc., released Nov. 28, means a section of the Quebec Civil Code on warranties and latent defects can essentially quash a limitation-of-liability clause in […]
By Greg Meckbach | December 2, 2019
There needs to be a complete refresh and rethink of policy triggers for healthcare liability insurance to make sure it’s up to speed for the digital age, a specialist insurer said. With traditional insurance for medical malpractice, a type of errors and omissions (E&O) coverage that protects physicians and other healthcare professionals against claims alleging […]
By Jason Contant | November 29, 2019
The federal insurance regulator – silent during the election campaign on proposed changes to reinsurance – plans to talk to the industry after the holidays, a senior official with the federal Office of the Superintendent of Financial Institutions (OSFI) said Thursday. “We are re-looking at some of the changes in the paper and after Christmas […]
By Greg Meckbach | November 29, 2019
Canada’s federally-regulated property and casualty insurers appear to be getting a handle on their property lines claims ratios, although auto lines are still in trouble, according to third-quarter industry results released by the country’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI). Claims ratios in liability lines showed an upward tick in […]
By David Gambrill | November 28, 2019
HALIFAX – Nova Scotia’s transportation minister says the cost of removing a construction crane that toppled in downtown Halifax during post-tropical storm Dorian is at least $2-million. Lloyd Hines says the province is examining invoices from an engineering firm and the crane company in an attempt to confirm the final number, and once it does […]
By Adam Malik | November 28, 2019
2 min read
Drivers in Quebec who are found guilty of a second impaired driving offence will be required to drive vehicles equipped with an alcohol ignition interlock device for the rest of their lives, the province’s government-run accident benefit provider said Monday. What effect will this have on insurance rates or claims in the province? “Of course, […]
By Jason Contant | November 27, 2019
MONTREAL – Quebec is bringing in a new measure for impaired drivers that will require repeat offenders to pass a breathalyzer every time they drive, in what one expert describes as among the toughest policies in the country. Beginning Nov. 25, people found guilty of a second offence will only ever be allowed to drive […]
By Jason Contant | November 26, 2019
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