Insurance & Risk, Analysis, Events and Careers
Claims
The claims industry would benefit from shifting their thinking on what it takes for claims professionals to do their jobs, speakers said Wednesday at the Ontario Insurance Adjusters Association’s 2019 Claims Conference in Toronto. Think about an employee with 40 years of claims experience. “Can we replace her?” asked Scott MacDonald, national claims director of […]
By Jason Contant | January 25, 2019
3 min read
A standard on flood resiliency for commercial real estate could be coming out this year. The Intact Centre for Climate Adaptation is working on a document intended to help commercial insurance brokers and real estate companies reduce flood risk for commercial property, said Blair Feltmate, head of the Intact Centre, in an interview with Canadian […]
By Greg Meckbach | January 25, 2019
Marijuana poses a liability risk for commercial clients even if they are not in the cannabis business, an insurance lawyer suggests. Suppose your client operates a hotel where a party takes place. If someone smokes cannabis at that party, drives, causes a collision and injures someone, the hotel could be named in a lawsuit by […]
2 min read
SUSSEX, N.B. – Dozens of people had to be evacuated from almost 30 homes late Thursday because of flash flooding in riverfront areas around Sussex, N.B., in the wake of torrential rains and strong winds. The Canadian Red Cross said Friday it has arranged emergency lodging for about 38 people from 27 houses or apartments. […]
The Institute for Catastrophic Loss Reduction (ICLR) and Insurance Bureau of Canada (IBC) want to restore direct insurance industry involvement in the building code process. “At some point in the distant past, perhaps four decades ago or more, the Canadian insurance industry was actively involved in the building code process,” Glenn McGillivray, managing director of […]
By Jason Contant | January 24, 2019
Social hosts owe a duty of care beyond the time when an intoxicated guest returns home safely, the Court of Appeal for Ontario has ruled in a recent decision. In more intimate settings, there is an enhanced risk, and therefore a higher standard of care owed by the social host. On Oct. 18, 2011, Mark […]
4 min read
With the legalization of recreational marijuana, more needs to be done to warn people of the health risks, including psychosis, a speaker told insurance claims professionals Tuesday. “One of the things I am most disappointed about is that, in the communication around cannabis, we tend not to have really communicated the fact that – particularly […]
By Greg Meckbach | January 23, 2019
A dispute between an auto insurance claimant and a carrier over whether or not the claimant paid her broker in cash to update an auto policy is a genuine matter for trial, an Ontario court has ruled. Marie-Therese Dakane brought a motion for summary judgment seeking a finding that she had a valid motor vehicle […]
By David Gambrill | January 23, 2019
Editor’s Note: This version of the story clarifies that previous remarks attributed to Glen Hopkinson were not intended in any way to be interpreted as connected to the merger of AXA and XL Catlin. His remarks were intended to refer to open office concepts generally and not about any specific workplace. Flexible working conditions […]
By Canadian Underwriter | January 22, 2019
Insurance company survival and relevancy will be big issues for the industry in the coming decade, predicts a P&C industry consultant. “We are facing somewhat of a crisis in that our industry is only picking up 32% of catastrophic losses last year,” said Phil Cook, who is also the CEO of Omega Insurance Holdings. “Put […]
By Jason Contant | January 21, 2019
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