Insurance & Risk, Analysis, Events and Careers
Claims
Hurricane Dorian is definitely a catastrophe-level event for Canadian insurers, probably with huge business interruption losses and possibly bigger than 2016’s Hurricane Matthew, industry experts said Monday. “Business interruption is going to be huge on the commercial book of business,” said Kumar Sivakumaran, vice president of national operations at SCM’s ClaimsPro unit, in an interview […]
By Greg Meckbach | September 9, 2019
3 min read
If your client’s home is heated by oil supplied from an outdoor tank, do they need to conduct annual maintenance? This question came up in a recent subrogated home insurance claim. A Court of Appeal for Ontario ruling released this past Wednesday means if your clients are not taking some action with regard to their […]
By Greg Meckbach | September 6, 2019
NEW YORK – The cybercriminal who steals information or money from a small business is probably a master of deception and manipulation as well as a techno-expert. When Nancy Butler got a call from someone claiming to be from her information technology service two years ago, she assumed it was a routine checkup by a […]
4 min read
Hurricane Dorian will likely pass over Nova Scotia and Prince Edward Island with hurricane force winds, before developing into a post-tropical storm over Newfoundland and Labrador, according to the latest projections from the Canadian Hurricane Centre (CHC). A tropical cyclone statement from CHC released early Thursday morning said “the most likely track projection” brings Hurricane […]
By Jason Contant | September 5, 2019
If your organization is involved in any way with serving alcohol, your risk management strategy may need a sober second thought. How to be free and clear of liability
September 5, 2019
6 min read
Giving Alberta’s auto insurance regulator discretion in allowing rate increases of over 5% is good news for the industry, but more needs to be done to address claims costs, the Insurance Bureau of Canada warns. In 2017, the province’s regulator was specifically instructed by Joe Ceci, then the NDP finance minister, to not approve rate […]
By Greg Meckbach | September 4, 2019
2 min read
DETROIT – A government investigation has found that a design flaw in Tesla’s Autopilot semi-autonomous driving system and driver inattention combined to cause a Model S electric car to slam into a firetruck parked along a California freeway. The National Transportation Safety Board determined that the driver was overly reliant on the system and that […]
Three months after Edward Kent and Teresa Tomsky bought their Edmonton home, they noticed a musty smell in their basement. It turns out a foundation crack, which they were led to believe was minor, was actually quite serious. The foundation was deteriorating because water was coming in through it. In Kent v. MacDonald, released Aug […]
By Greg Meckbach | September 3, 2019
ANCHORAGE, Alaska – Thermo-sensing cameras were installed in Alaska to help the fire department locate, analyze and monitor wildfires, officials said. The security-like thermography camera is meant to help the Anchorage Fire Department respond to fires faster by providing a more precise location, The Alaska Energy Desk reported Friday. The $12,000 camera is now one […]
CALGARY – Melody Garner-Skiba and her family have had some tough conversations since a wildfire raged into Waterton Lakes National Park in southeastern Alberta two years ago, spread into nearby grassland and destroyed their horse-breeding ranch. “It’s definitely taken a toll on our family, but we’re strong and we’re perservering,” said Garner-Skiba, who lived at […]
By Greg Meckbach | August 30, 2019
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