Claims

The trade-off to using artificial intelligence to speed up claims

Canadian insurers wanting to handle claims like Lemonade are going to have to accept some trade-offs, a Claims Summit speaker said Tuesday. New York City-based Lemonade Insurance Company uses artificial intelligence and says it can handle some claims in three seconds. Lemonade claimed earlier that it set a world record when a customer who submitted […]

By Greg Meckbach | August 29, 2018

3 min read

The exclusion that no longer applies to this home insurance coverage

Fifteen years after Nova Scotia was hit by Hurricane Juan, a Canadian home insurer is offering storm surge coverage in all four Atlantic Canada provinces. Storm surge is a rise in sea level resulting from atmospheric pressure changes and wind associated with a storm. Home insurers started offering overland water coverage in 2015, but storm surge […]

By Greg Meckbach | August 28, 2018

2 min read

Liability risk for private pot retailers

Your retail client could be at risk of a lawsuit if it starts selling cannabis, but the exposure may not be the same as the liability risk of a bar serving alcohol, an insurance defence lawyer suggests. Whether a retailer selling cannabis or alcohol could be sued is “a question of foreseeability,” Ari Krajden, a […]

By Greg Meckbach | August 28, 2018

3 min read

B.C. wildfire season now second worst in province’s history

VICTORIA – A year after the single worst season for wildfires in British Columbia’s history, government statistics indicate the 2018 wildfire season has already reached the second-worst mark, burning more than 9,450 square kilometres of land so far. That should prompt a longer look and more research into the trend, which according to the province’s […]

By Jason Contant | August 27, 2018

3 min read