Claims

Study finds abandoned oil and gas wells place unfair burden on landowners, taxpayers

CALGARY – The costs of Alberta’s growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers, says a report from the University of Calgary. “Landowners have been left behind,” said Braeden Larson of the university’s School of Public Policy. “Landowners got the short end of these burdens that […]

By Jason Contant | May 20, 2021

3 min read

Why Intact didn’t have to pay $10K for a claimant’s proposed medical report

Ontario’s Licence Appeal Tribunal (LAT) has ruled that Intact Insurance is not obligated to fund a claimant’s $10,200 multidisciplinary report, the purpose of which was to dispute Intact’s decision to cease income replacement benefits after a 104-week period of entitlement. The claimant, Mark Green, was involved in an auto collision on Mar. 29, 2016. Intact […]

By David Gambrill | May 17, 2021

3 min read

Inactive Alberta brokerage ordered to pay $6K for failing to remit client funds to MGA

Alberta-based NIB Insurance Group Ltd., now an inactive brokerage, has been ordered to pay $6,000 in civil penalties for failing to remit client premiums to an MGA, and for selling a policy to a client while it was no longer licensed to do business. The designated representative of NIB, Kenneth Molland (whose broker licence was […]

By David Gambrill | May 14, 2021

4 min read

How Intact views auto claims severity during pandemic

The long-tail nature of motor vehicle liability and auto accident benefits claims means a temporary drop in total miles driven due to the pandemic does not necessarily equate to a corresponding drop in premiums for your clients, Intact executives suggest. “The [auto claims] severity inflation, which we have observed for a number of years, is […]

By Greg Meckbach | May 14, 2021

3 min read