SAINT-FABIEN, Que. – Health officials say eight people remain in hospital after a collision between a car and a bus Tuesday evening that killed two people in St-Fabien, Que. Dr. Pascal Ducharme of the Bas-Saint-Laurent regional health authority told reporters today that 41 people were evaluated by doctors after the accident. He said one person […]
By Jason Contant | December 14, 2022
1 min read
Ontario auto insurers don’t have to send out requests for independent medical exams (IME) at the same time they send out claim denial letters, nor are they barred from requesting IMEs after claimants have applied to the Licence Appeal Tribunal (LAT) to challenge denials. But insurers must take care they are sending out their IME […]
By David Gambrill | December 13, 2022
3 min read
When it comes to assessing hurricane risk exposure, there’s a data gap between the U.S and Canada, said a panellist in a Canadian Underwriter webinar. “There’s definitely a gap between the U.S. and Canada,” said Carl Bernier, NatCat specialist at Swiss Re. “I guess the fact that the U.S., which has been more affected historically […]
By Alyssa DiSabatino | December 13, 2022
3 min read
Class action lawsuits have long been drivers of social inflation for insurers that provide product liability overage. But now a new legal vehicle, the ‘mass tort,’ looks to be waiting in the wings. Unlike class actions, in which one plaintiff represents a class of people with a similar complaint about a product, mass torts assemble […]
By Phil | December 13, 2022
3 min read
CHARLOTTETOWN – Prince Edward Island’s electric utility says it will cost about $35 million to repair damage to the company’s distribution system caused by post-tropical storm Fiona. A spokesperson for Maritime Electric said that estimate is based on invoices received to date, adding that a final total should be available next month. Utility spokesperson Kim […]
By Jason Contant | December 13, 2022
1 min read
Hurricane risk differs in Canada, which is why parametric insurance triggers that work in the U.S. may not be as effective in Canada, said a panellist in a Canadian Underwriter webinar. Barometric pressure may be a better parametric trigger for Canadian commercial insureds because it’s based on the storm’s overall impact to an area, […]
By Alyssa DiSabatino | December 12, 2022
2 min read
Ontario is the appropriate legal forum for determining whether a Canadian mining company is entitled to be insured for environmental liability claims arising mostly in Ontario — despite the fact several of its 22 excess insurers are global and not located in Ontario. The Ontario Court of Appeal ruling Tuesday took a detailed look at […]
By David Gambrill | December 12, 2022
4 min read
TORONTO – The Ontario government began notifying about 360,000 people on Friday that their personal information had been part of a COVID-19 vaccine database breach that took place more than a year ago. The breach happened on Nov. 16, 2021 and the Ontario Provincial Police charged two people, including an employee of the province’s vaccine […]
By Jason Contant | December 12, 2022
2 min read
Parametric insurance is a relatively new product in Canada, and thus is not a big buy for commercial clients, but as climate change is expected to cause more hurricane events in Canada, expect this solution to get more popular north of the border, panellists in a Canadian Underwriter webinar said. “[Parametric insurance in Canada] is […]
By Alyssa DiSabatino | December 9, 2022
3 min read
The Insurance Company of Prince Edward Island (ICPEI) has proposed deal that would have company directors, executives, certain employees and investors buy a majority stake in the insurance company and take its ownership private. The proposed deal was announced Friday by ICPEI Holdings Inc., which operates in Canada’s P&C insurance industry through its wholly owned […]
By David Gambrill | December 9, 2022
2 min read