Claims

How business interruption claims could play out in the legal marijuana space

Supply challenges associated with marijuana legalization in Canada will lead to potentially costly business interruption (BI) and contingent business interruption (CBI) claims, an adjusting firm told Canadian Underwriter Tuesday. Because it’s an emerging market, there are a limited number of sources for the supply of the cannabis to the recreational market, said Stephen Agnew, vice […]

By Jason Contant | November 8, 2018

3 min read

Why marijuana plant value is so important for adjusters

Claims adjusters handling recreational cannabis claims will need to consider the value of the plant at any given time in the growing process to determine actual loss, an independent adjusting firm said Tuesday. Potential cannabis greenhouse loss is much greater than a standard greenhouse loss. A major fire to one of these cannabis facilities could […]

By Jason Contant | November 7, 2018

2 min read

New Brunswick pulp and paper firm fined $3.5 million for pollution

SAINT JOHN, N.B. – Irving Pulp and Paper Ltd. has been hit with one of largest penalties ever imposed in Canada for an environmental violation. The company, based in Saint John, N.B., was fined $3.5 million Monday for dumping improperly treated effluent into the Saint John River over a two-year period. The firm has also […]

By Greg Meckbach | November 6, 2018

2 min read

Why this marine cargo claim ended up in Canadian court

Can a marine cargo policy cover damage to goods when they are transported thousands of kilometres by truck? This question will likely be considered by the Ontario Superior Court of Justice. A disputed claim – under a marine cargo policy written by Chubb Insurance Company of Canada – is currently before the courts. In late […]

By Greg Meckbach | November 6, 2018

2 min read