Claims

Tornado damage in Leamington, Ontario could run into “tens of millions of dollars”: former IBC president

Stanley Griffin, a former president and CEO of the Insurance Bureau of Canada (IBC), suggests the damage caused by an F1 tornado that hit his hometown of Leamington, Ontario on June 7 might run into “tens of millions of dollars.”No official estimates are available yet, as the number of claims has yet to be tallied.Griffin […]

By Canadian Underwriter | June 8, 2010

2 min read

All-risk property exclusion does not apply to all forms of settling: Alberta court

It is illogical to think the insurer of an all-risk property insurance policy would intend to exclude damage to a building resulting from any kind of “settling,” regardless of how that settling was caused, according to the Alberta Court of Appeal. In Engle Estate v. Aviva Insurance Company, the plaintiff sued its all-risk property insurer […]

By Canadian Underwriter | June 8, 2010

1 min read

Cedents advised to get reinsurers’ blessing when settling class action claims

Primary insurers should make sure they get the blessing of their reinsurers when attempting to resolve class action claims, according to Mark Lichty, partner at Blaney McMurtry LLP. Lichty was speaking at the Canadian Defence Lawyers Annual Meeting & Conference, The Alchemy of Advocacy, in Toronto. This issue is now arising with much greater frequency, […]

By Canadian Underwriter | June 8, 2010

1 min read

Two F1 tornadoes open the 2010 season in Southern Ontario

Environment Canada has confirmed the first two tornadoes of the 2010 season in Southern Ontario. An F1 tornado with estimated wind speeds of between 117 km-h and 180 km-h tracked eastward near the villages of Dalkeith and Ste-Anne-de-Prescott at about 5 p.m. on June 5, 2010. The damage path was eight kilometres long and ranged […]

By Canadian Underwriter | June 7, 2010

2 min read