Hamilton, Ontario firefighters have a new tool to detect hot spots, thanks to Paul’s Restorations. The Hamilton-based company, which works for the insurance industry to provide cleaning and repair services following fires, floods and other claims, recently donated a Thermal Imaging Camera valued at $30,000 to the local fire department. The camera helps firefighters ‘see through smoke’ to locate people and detect hotspots.
July’s CrowdStrike flawed software update that affected an estimated 8.5 million Windows devices shouldn’t trigger the next cyber hard market or lead to significant rate increases, a cybersecurity expert said during a recent webinar. “I don’t think this one’s going to accelerate a hard market,” said James Burns, head of cyber strategy at CFC. “It […]
By Jason Contant | September 17, 2024
3 min read
An insured is not entitled to coverage on a “claims made and reported” excess liability policy when it failed to report the claim to the excess insurer within the policy period, Ontario’s Appeal Court has confirmed. The insured, a law firm, argued it was entitled to professional liability coverage despite “imperfect compliance” with the claim […]
By David Gambrill | September 18, 2024
4 min read
Flooding after Tropical Storm Debby passed through Montreal and nearby regions of Quebec in August caused $2.5 billion in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The Aug. 9 and 10 catastrophe now ranks as the costliest insured event in Quebec’s history, says Insurance Bureau of Canada. “The record-breaking […]
By Alyssa DiSabatino | September 13, 2024
2 min read