Industry

How green technology can leave insurers seeing red

Older green energy equipment is not equipped with the latest technology to protect it from increasingly severe weather events, meaning more claims activity for insurers, according to an expert in the area. Insurers have been seeing the effects of climate change on the property side of their books for some time, but now they are […]

By Adam Malik | July 13, 2021

2 min read

Threat of adverse selection prompts auto carrier to start credit checks

Nova Scotia motorists who consent to a “soft” credit check from Economical Insurance will soon be eligible to get a discount on their auto premium, the province’s regulator announced Monday. The Nova Scotia Utility and Review Board (NSURB) has already allowed some carriers — including RSA, Aviva, and The Co-operators — to start using credit […]

By Greg Meckbach | July 13, 2021

3 min read

First Nations seek emergency declaration from province over northern Ontario wildfires

THUNDER BAY, Ont. – An organization representing 49 First Nations in northern Ontario is urging the province to declare a state of emergency over wildfires that it says are threatening several remote communities. The Nishnawbe Aski Nation says the declaration is needed to trigger an immediate response to the situation, including aircraft and watercraft for […]

By Jason Contant | July 13, 2021

1 min read

Commentary: Preventing policies without limits

The recent case of Surespan Structures Ltd. v. Lloyds Underwriters presents a cautionary tale for underwriters. Underwriters will want to consider the principles expressed in this case. Among them, if limits to coverage are intended, then clear limits should be expressed with respect to each grant of coverage. As in statutory interpretation, there is a […]

By David Gambrill | July 12, 2021

4 min read