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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
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
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 […]
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
An Ontario auto insurer went too far in arguing that a motorist gave her son – whose license was suspended – implied permission to drive her vehicle because she left the keys on a hook while she was out of town. The interpretation put forth by Compagnie d’Assurance Traders Generale “essentially requires that an owner […]
By Greg Meckbach | August 24, 2018
TORONTO – Steady rain and thunderstorm warnings in Toronto on Tuesday had residents bracing for waterlogged streets and transit delays for the third time in as many weeks, with the city saying it was prepared to respond quickly to urgent needs. The issues the city faces during periods of heavy rainfall are complex, observers said, […]
By Canadian Underwriter | August 22, 2018
Claims adjusters could soon have part of their work replaced by software that looks at photos and decides whether property is damaged, but there is still a need for humans in the process, one researcher predicts. When properties are damaged in a major catastrophe by a wind storm or flood, “typically it takes the insurance […]
By Greg Meckbach | August 22, 2018
A recent decision by an Ontario judge shows how much a corporate client might have pay to defend itself from a lawsuit – even one that gets thrown out of court. Three beer manufacturers, Molson, Labatt and Sleeman, spent a combined total of more than $2.4 million defending themselves in a class-action lawsuit that they […]
Most of Ontario is under a severe weather warning Tuesday, once again threatening flood damage in a province where insurers have already paid approximately $800 million for natural catastrophe damages. This cumulative total for the year in Ontario does not include claims totals for a flooding event earlier in the month, when a “pocket storm” […]
By David Gambrill | August 21, 2018
Ontario’s new government is promising to address property risk with a “new climate change plan,” but one of the first things it has done is table legislation scrapping a program that charges people for carbon emissions. “We know that the climate in Ontario is changing,” Rod Phillips, Ontario’s Minister of the Environment, Conservation and Parks, […]
By Greg Meckbach | August 21, 2018
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