Claims
A series of powerful thunderstorms that affected Ontario and parts of Quebec this weekend is already being billed by the industry as the first major Cat of 2022. And while industry experts anticipate a large number of insured damages, one predicts the storm may result in a lot of “hidden damage.” Labelled a “derecho” by […]
By Alyssa DiSabatino | May 24, 2022
3 min read
WINNIPEG – Manitoba Premier Heather Stefanson has taken a helicopter tour of a flooded region in the eastern part of the province. Stefanson says the amount of water is overwhelming in Whiteshell Provincial Park, the latest area to be hit in a series of floods. The province is expanding a mandatory evacuation order that covers […]
By Jason Contant | May 24, 2022
1 min read
Insurance might not be keeping up with inflation for commercial building owners.
By Phil | May 20, 2022
DETROIT – Ford has issued three recalls of more than 350,000 vehicles in North America, including nearly 3,000 in Canada and 39,000 in the U.S. due to a risk the engines could catch fire. Transport Canada said in a recall notice Thursday that some 2021 Ford Expedition and Lincoln Navigators could catch fire in the […]
By Jason Contant | May 20, 2022
2 min read
Ontario’s Appeal Court gave an “absolute discharge” to a tow truck driver who pleaded guilty to insurance fraud.
By David Gambrill | May 19, 2022
P&C insurers are actively managing how they deploy their global capacity for cyber insurance, and the underwriting process for that sector continues to gain rigor, said Aon’s quarterly global markets insights report. Although the frequency of cyber claims remained relatively constant, complex losses continued to develop, Aon notes. That’s meant waiting periods for coverages related […]
By Phil | May 18, 2022
Ontario’s new innocent co-insured law does not apply retroactively to claims events that happened before the legislation was passed.
By David Gambrill | May 18, 2022
After a 49-year-long tenure in the insurance industry, John Sharoun, executive general adjuster and senior consultant at Crawford and Company Canada, is retiring on June 30, 2022. Sharoun fell into the industry between finishing school and looking for a career. After returning home from a backpacking trip across Europe, he bought a vehicle and […]
By Alyssa DiSabatino | May 18, 2022
Errors and omissions insurance claims may rise if clients sue advisors as stock markets wobble
By Phil | May 17, 2022
High lumber costs will make home repairs more expensive.
By Phil | May 16, 2022
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