Claims

Cyber attack in Canada spawns $60 million lawsuit

TORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However, a lawyer for Casino Rama countered that, at most, 10,000 to 11,000 people were victimized […]

By Greg Meckbach | March 29, 2019

3 min read

Auto loss ratios ‘unsustainable’ in these provinces

Ontario auto insurance is profitable but loss ratios are unsustainable in Alberta and two of the Maritime provinces, Canada’s Property and Casualty Insurance Compensation Corporation notes. “Importantly for insurers, Ontario’s private passenger auto insurance market remained profitable with a loss ratio of 73.0 percent,” wrote Grant Kelly, PACICC’s chief economist and vice president of financial […]

By Greg Meckbach | March 29, 2019

2 min read

Do your insureds understand a “material change in risk”?

It’s not necessary for an insurer to prove that an insured knew a change in risk was “material” to the carrier, the Supreme Court of British Columbia has ruled. In May 2014, Wawanesa Mutual Insurance Company voided a homeowner’s policy based on a failure to disclose a material change in risk. The reasons cited included […]

By Jason Contant | March 29, 2019

3 min read

Why this insurer does not have to pay additional living expenses for campground fees

An insurance company does not have to pay a flood victim the cost of living in a campground because that client had a pre-booked vacation trip, the British Columbia civil resolution tribunal has ruled. Patrick Strange took the Canadian Northern Shield Insurance Company to the CRT after the insurer denied a claim for $1,481.03. Strange […]

By Greg Meckbach | March 29, 2019

2 min read