Claims
Where are insurers going to lose money in 2022? Losses so far this year suggest business interruption claims will be steep.
By Alyssa DiSabatino | July 19, 2022
2 min read
The fire/explosion peril continues to crux Canadian insurers, accounting for 38% of all corporate insurance losses by value of claims, according to Allianz Global Corporate & Specialty’s (AGCS) Global Claims Review 2022. Natural catastrophes peak as Canada’s second highest major driver of loss at 8% by total value of claims, followed closely by faulty workmanship/maintenance […]
When two insurers cover the same loss, and their policies both contain limits when "other insurance” is available, both must split the costs.
By David Gambrill | July 15, 2022
3 min read
A D&O excess insurance policy "following form" with a primary policy needs to make exceptions clear, a court ruling suggests.
By David Gambrill | July 14, 2022
4 min read
Who owns the risks that Artificial Intelligence creates and how can insurance companies manage them for Canadian consumers?
By Phil | July 13, 2022
B.C.’s Supreme Court has struck down as unconstitutional the province's 6% cap on disbursements for experts in auto injury cases.
By David Gambrill | July 13, 2022
Inadmissible hearsay evidence is enough for a driver involved in a collision caused by an unknown motorist to access enhanced auto coverage.
By David Gambrill | July 12, 2022
Quebec law firm LPC Avocat Inc. has launched a class action lawsuit alleging misrepresentation, breach of civil liability and negligence in connection with the recent national Rogers outage. In the early morning hours of Friday, July 8, Rogers’ wireless network failed, preventing telephone, mobile and internet services to customers across Canada. The outage also affected […]
By Jason Contant | July 12, 2022
Canadian P&C insurers need a compensation fund four times bigger than its current size to handle the risk of Top 70 P&C insurer bankruptcy.
By David Gambrill | July 11, 2022
Canadians admit using cell phones to talk and text while driving but know they shouldn't, says a survey by a major insurance company
By Phil | July 11, 2022
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