Claims
Private passenger personal accident insurers have experienced a loss ratio of nearly 70% so far in 2021, while the loss ratio for cyber liability is more than 100%. The federal Office of the Superintendent of Financial Institutions has posted the Q2 financial data for P&C insurers that it regulates. This data tallies the year-to-date statistics, […]
By Greg Meckbach | August 31, 2021
2 min read
Canada’s federally-regulated property and casualty insurers collectively made an after-tax profit of $4.23 billion on direct written premiums of nearly $32 billion during the first half of 2021, recently-released regulatory data shows. Most major lines had claims ratios below 55%. The federal Office of the Superintendent of Financial Institutions has posted the Q2 financial data […]
By Greg Meckbach | August 30, 2021
Up to a quarter of the value of some of your commercial clients’ firms could be their own brand and reputation. This reputational value could degrade quickly if your client is perceived to have behaved badly, a Future of Insurance Canada speaker suggests. “Reputational damage can be caused by a single employee saying or doing […]
By Greg Meckbach | August 25, 2021
Insurers defending auto tort claims should think twice before surreptitiously filming plaintiffs on their wedding day. This is among the takeaways from Rumney v. Nelson, released Aug. 19 by the Ontario Superior Court of Justice. A construction firm is being sued by the driver of the car that was struck from behind Sept. 13, 2012. […]
3 min read
Fire resistant cement board siding, hail-resilient asphalt shingles and backwater valves are among the measures property owners can implement now to protect their assets from climate-related disasters, Aviva Canada CEO Jason Storah suggested Tuesday. “We have enough scientific data to help protect each other right now from massive climate-related devastation,” Storah said during Future of […]
By Greg Meckbach | August 24, 2021
Ontario’s workers’ compensation tribunal was wrong when it decided that a Niagara Falls hotel can’t be sued by a former worker who alleges she was forced to quit after suffering harassment, the provincial Divisional Court has ruled. As a result of Morningstar v. WSIAT, released Aug. 18, a constructive dismissal lawsuit against the hotel can […]
By Greg Meckbach | August 23, 2021
4 min read
Rip tides and waves of up to four metres could affect the Nova Scotia coast once the remnants of Hurricane Henri reach Atlantic Canada Monday. “No significant wind is expected over Maritimes land areas at this time,” Environment Canada said Monday morning. Hurricane Henri was downgraded to tropical storm status when it made landfall Sunday […]
General Motors says it has expanded a recall of its Chevy Bolt electric vehicles to include all model years because of a risk the battery cells could catch fire. The latest recall adds about 73,000 Bolts from the 2019 through 2022 model years, including just over 10,000 in Canada, to the previous recall announced in […]
By Jason Contant | August 23, 2021
1 min read
CALGARY – Stephanie Sabela didn’t know what to expect when she first decided to list her backyard swimming pool for rent on the popular online platform, Swimply. Sabela, who lives on a five-acre property north of Toronto in King Township, saw an online ad for Swimply back in June. On a whim, she decided to […]
By Jason Contant | August 20, 2021
Wednesday’s Liberal election promise answers a call from Canada’s property and casualty insurance industry for a national standard for scoring properties on their resilience to weather-related disasters. In a speech in British Columbia Wednesday, Prime Minister Justin Trudeau promised a new auditing program so homeowners can assess their readiness to withstand extreme weather, CTV News […]
By Greg Meckbach | August 19, 2021
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
