Claims

Why you might be having a hard time finding coverage in liability lines

Liability loss inflation may be a new topic of discussion for securities analysts who watch the property and casualty sector, but for Canada’s largest insurer, it’s nothing particularly novel. “There is inflation,” Charles Brindamour, CEO of Intact Financial Corp., observed during a recent earnings call of liability lines. “I am surprised that it is talked […]

By Greg Meckbach | November 15, 2019

2 min read

A new way to make insurance for high-risk homes in flood plains affordable

Amphibious architecture could be the key to mitigating flood risk and making insurance affordable for those living and working in floodplains, according to one expert. The technology allows structures to float as water levels rise. Amphibious construction and retrofitting of properties would protect homeowners from flooding by allowing a building to float above the water […]

By Adam Malik | November 15, 2019

3 min read

Two-year window to dispute auto claim denial not a ‘hard limitation,’ court rules

The two-year time limit to take auto accident benefits disputes to Ontario’s Licence Appeal Tribunal (LAT) is not a “hard limitation” period, the province’s appeal court has ruled. In Tomec v. Economical Mutual Insurance Company, released Nov. 8, the Court of Appeal for Ontario overturned a 2018 Divisional Court Ruling in favour of Economical, due […]

By Greg Meckbach | November 13, 2019

5 min read

Class action over fudged Volkswagen emissions tests can proceed: Supreme Court

OTTAWA – The Supreme Court has rejected an attempt by Volkswagen and Audi to dismiss a class action in Quebec seeking compensation for air pollution from cars that gave false results in emissions tests. The judges made the decision in a rare ruling from the bench just after hearing arguments, saying the case can go […]

By Jason Contant | November 13, 2019

1 min read