Insurance & Risk, Analysis, Events and Careers
Claims
JOHN’S, N.L. It’s now impossible to clean up Newfoundland’s largest-ever oil spill that leaked into the ocean last week, according to the regulatory board that oversees the province’s offshore activities. The 250,000-litre spill happened on Friday morning while Husky Energy’s SeaRose platform was preparing to restart production during a fierce storm that was, at the […]
By Greg Meckbach | November 22, 2018
3 min read
A motorist who was successfully sued for rear-ending a vehicle on an icy road has to reimburse the plaintiff $23,000 for forensic engineering reports. Margaret Ozimkowski was driving home from work Jan. 23, 2012 after dusk in freezing rain. She was on a hilly road in the community of Almonte, west of Ottawa. She was at […]
By Greg Meckbach | November 21, 2018
2 min read
MONTREAL – A broken water pipe has flooded a tunnel on a major Montreal artery, submerging three cars. The west-end Atwater tunnel connecting downtown and neighbourhoods to the southwest flooded Tuesday morning after utility workers accidentally punctured the pipe. It filled with several feet of gushing water, which reached the roofs of vehicles belonging to […]
1 min read
ALBANY, N.Y. – The operators of a limousine that crashed and killed 20 people in upstate New York were grossly negligent in putting the “dangerous and defective” vehicle on the road, according to a lawsuit filed Monday by one of the victim’s parents. Amanda Rivenburg, 29, was among 18 people in the limousine that barrelled […]
By Greg Meckbach | November 20, 2018
Insurers might be unintentionally covering flood and fire risks arising from computer problems, a cyber expert with a risk modelling firm suggests. “Anything that is related to a computer system could trigger non-cyber losses,” Matt Honea, cyber director for Cyence Inc., said in an interview. Cyence is the analytics and data services unit of Guidewire […]
By Greg Meckbach | November 19, 2018
When a store on the main floor of a condo building suffered $25,000 in losses from a flood, the strata corporation was on the hook for the $5,000 deductible. The strata corporation tried to recover the $5,000 deductible from a plumbing firm, but the plumbing firm is not responsible, the British Columbia Civil Resolution Tribunal […]
CALGARY – Alberta law enforcement officials say they are worried that the legalization of marijuana could lead to potentially explosive consequences for users taking a do-it-yourself approach to making cannabis derivatives at home. Just over a month ago, Canadians were given the right to purchase dried and fresh cannabis and unconcentrated forms of cannabis oil. […]
A British Columbia broker that got acquired by a unit of The Co-operators Group Ltd. is in breach of contract with RSA Canada-owned Canadian Northern Shield, an Ontario court has ruled. In 2008, Vancity Insurance Services Ltd. was a brokerage placing home insurance with several carriers, including Canadian Northern Shield. The brokerage “conceived and initiated […]
By Greg Meckbach | November 18, 2018
4 min read
VANCOUVER – A report from BC Hydro says despite soaring numbers of powerful storms or wildfires that cause power outages, the Crown utility is still managing to respond quickly to trouble spots through the use of new technology. The report looked at the effects of increasingly severe weather systems which Hydro blames on climate change. […]
By Jason Contant | November 16, 2018
Canada’s highest court announced Thursday it will not hear a dispute arising from a vehicle repairman who got hurt while test-driving a customer’s car. The dispute is over a provision in Ontario Regulation 283/95 that sets out rules for auto insurers who receive an accident benefits claim and think a different insurer should pay. The […]
By Greg Meckbach | November 15, 2018
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.