Claims
The windstorm that swept across Ontario, Quebec and the Atlantic provinces between Dec. 11 and 14 caused more than $152 million in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The eastern Canada windstorm brought strong winds to Ontario and Quebec, along with heavy rain and wind to parts of the Atlantic provinces, namely Newfoundland […]
By Alyssa DiSabatino | January 13, 2022
1 min read
Intact paid out an estimated $186 million for catastrophe losses in 2021 Q4, the company reported. “Approximately 55% of the catastrophe losses were in our Canada segment, with half in personal property,” IFC says in a press release. “This mostly reflected the impact of floods in British Columbia, as well as windstorms across Ontario and […]
By Jason Contant | January 12, 2022
2 min read
Canadian courts are starting to get tough on potentially vexatious claimants, including insurance claimants, as seen in a Jan. 7 decision by the Court of Queen’s Bench in Alberta. In Sun v. Allwest Insurance Services, the Alberta court referred to a relatively new practice note, known as ‘CPN7,’ to ask pointed questions of a B.C. […]
By David Gambrill | January 12, 2022
3 min read
Canadian insured losses topped $2 billion for the second year in a row, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). “2021 saw much discussion of a ‘new normal’ for Canadians, but when it comes to insured losses, it seems that the new normal — where annual losses due to catastrophes exceed $2 […]
By Jason Contant | January 11, 2022
Several excess insurers have lost their bid to have a lawsuit take place in New York instead of Ontario in a mining insurance case brought before the Ontario Superior Court of Justice. Nine of 22 excess insurers argued that the Ontario court lacked jurisdiction in a case involving the nickel mining giant Vale Canada. Ultimately, […]
By David Gambrill | January 10, 2022
4 min read
A home insurer has been cleared of any liability after a hearing aid supplier produced a different brand of ear phones than had been cited in the initial insurance quote, B.C.’s civil resolution tribunal has found. The small claims court ruled that Intact Insurance had received authorization from the claimant, Joan Vroom, to deal directly […]
By David Gambrill | January 7, 2022
Reinsurance rate increases for catastrophes in Canadian property lines increased by 10% to 15% for portfolios that took a loss.
By David Gambrill | January 5, 2022
Manitoba’s court of appeal has overturned a $348,000 damage award against Manitoba's auto insurer, finding it did act in good faith
The Saskatchewan Liquor and Gaming Authority is investigating a cyber security incident that impacted the organization's computer systems.
By David Gambrill | December 31, 2021
A negligence lawsuit against a plaintiff’s lawyer by an Ontario claimant who was injured in a 1982 motor vehicle accident has been thrown out of court. The claimant settled his accident benefits and tort claims in 1999, when he was 17. At that time, he got about $400,000 in funding towards structured settlements. He needs […]
By Greg Meckbach | December 20, 2021
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