Claims
Batteries used for electric vehicles can be hazardous when they catch fire while the cars are onboard cargo ships heading to market.
By Phil Porado | August 31, 2022
3 min read
The global reinsurance industry appears to be in a “state of equilibrium,” with positive and negative factors countering each other, according to a new report from AM Best. Despite lingering economic and operational challenges stemming from the COVID-19 pandemic, AM Best’s outlook for the global reinsurance industry remains stable, the ratings agency said in its […]
By Jason Contant | August 31, 2022
An insurer doesn't have to defend an insured in Quebec because its builders’ risk policy is essentially a property policy: Court
By David Gambrill | August 30, 2022
A driver has six months to make an unidentified driver auto insurance claim, irrespective of their legal knowledge that they have a case
By David Gambrill | August 29, 2022
Floods, storms and droughts could result in a total loss of CAD$139 billion to Canada’s gross domestic product (GDP) between now and 2050, new research found. Total direct losses from 2022 to 2050 are expected to reach $88 billion in Canadian dollars – $40 billion attributed to flooding, $34 billion for storms, and $14 billion […]
By Jason Contant | August 29, 2022
Canada has enough natural gas and potential hydrogen capacity to help Europe with its energy shortages, and insurers will get new business
By Phil Porado | August 26, 2022
2 min read
ICBC has been held vicariously liable for a privacy breach, after one of its claims adjusters improperly accessed and sold client info.
By David Gambrill | August 26, 2022
4 min read
Liberty Mutual Insurance is among a list of insurers being asked by grassroots and Indigenous organizations to withdraw insurance support for the Trans Mountain Pipeline, which carries crude and refined oil from Alberta to British Columbia. A petition with more than 250,000 signatures urges Liberty Mutual to consider withdrawing its coverage for the Trans Mountain […]
By Alyssa DiSabatino | August 26, 2022
Regulators in the U.S. and Canada announce the recall of two SUV models following a recall due to potential risk of fire
By Phil Porado | August 25, 2022
Appeal Court calls for trial to asses whether Zurich can rescind surety bonds based on fraud or misrepresentation in a construction project.
By David Gambrill | August 25, 2022
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