Industry

A groundwater flood occurs in the basement: Who pays for the carpet?

A plumbing firm that failed to cap an old water pipe after helping renovate a basement is on the hook to reimburse the owner for a new carpet after the property suffered flooding. This is the result of a British Columbia Civil Resolution Tribunal released this past Wednesday. Joel and Crystal Loreth had their basement […]

By Greg Meckbach | July 24, 2020

2 min read

Hub’s rationale for advising clients to file BI claims

Hub International is advising clients to submit claims related to the COVID-19 pandemic, even if there isn’t a physical damage loss. Business interruption has been the most-inquired-about coverage area over the last few months, noted Scott Fouts, vice president of risk service at Hub International. And although most general commercial policies contain BI exclusions for […]

By Adam Malik | July 24, 2020

3 min read

How COVID-19 is changing marine cargo insurance

Marine cargo policies that were drafted before the COVID-19 pandemic may need a second look because of the way business disruptions and lockdowns are affecting the global supply chain. “We are starting to see insurers already change or apply endorsements with changes in language to clearly define the word ‘pandemic’ or the word ‘disruption’ in […]

By Greg Meckbach | July 23, 2020

2 min read

What road tests and bookings may look like during the pandemic

B.C.’s public insurer is starting to re-book road tests that were interrupted by the pandemic, prioritizing drivers whose Class 5 and 7 road tests were cancelled between Mar. 17 and June 26, 2020. The insurer is reaching out to Class 5 and 7 drivers with details of how to book their road tests online. The […]

By David Gambrill | July 23, 2020

3 min read