Claims

A new idea to cover basement flooding losses

The money needed to pay homeowners the cost of basement flooding could be raised by suing large oil firms, a politician suggested Thursday. “A lot of people are not going to be able to qualify for private insurance against flooding in the future,” said Peter Tabuns, an Ontario member of provincial parliament said in the […]

By Greg Meckbach | October 26, 2018

3 min read

Why this insurer is ‘shrinking’ its D&O liability business

Lawsuits arising from corporate mergers and acquisitions and “creative theories of liability” are reducing Chubb Limited’s appetite to insure directors’ and officers’ liability. Since 2016, there has been an increase in the frequency of lawsuits against directors and officers, said John Keogh, executive chairman and chief operating officer of Chubb, on Wednesday during an earnings […]

By Greg Meckbach | October 26, 2018

3 min read

Supreme Court limits when accused drunk drivers can get breathalyzer logs

OTTAWA – Canada’s top court has set new limits for defendants trying to beat a drunk-driving charge in a ruling that may have consequences for anyone accused of being high behind the wheel. What the Supreme Court of Canada laid out over two decisions released Friday was a framework for when an accused person can […]

By Jason Contant | October 26, 2018

3 min read

4 ways AI can improve your performance

Artificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement, or “the ability to do a better job of predicting anything, really, risk being one […]

By Jason Contant | October 26, 2018

2 min read