Claims
As NatCats increase in frequency, getting adjusters to the scene of a claim has been “tougher than it’s been in years past.” Claims experts blame economic strain and inflationary pressures, as well as to the ongoing war for talent. Following the derecho storm that plowed through Ontario and Quebec in May, and the ongoing spring flooding […]
By Alyssa DiSabatino | June 3, 2022
3 min read
A large, self-insured hazardous waste hauler doesn't have to cover fire damage to a truck owned and operated by one of its contractors.
By David Gambrill | June 2, 2022
TERRACE, BRITISH COLUMBIA – Warming weather is causing rivers to rise in northern British Columbia, prompting the province to encourage people to prepare for possible flooding. A joint statement from the Ministry of Public Safety and Emergency Management B.C. says a warming trend this week is pushing temperatures to the highest yet this season and […]
By The Canadian Press | June 2, 2022
2 min read
Despite Manitoba being battered by flooding and severe weather since mid-April, many homeowners may find themselves without overland flood coverage, according to the CEO of the Insurance Brokers Association of Manitoba. Following an “unseasonably cold spring,” significant snowmelt in April, and a series of significant rainfall and thunderstorms events in May, an overland flood […]
By Alyssa DiSabatino | June 2, 2022
How parametric insurance can help a business recover from disaster
By Phil Porado | June 1, 2022
The trend of above-average hurricane seasons is expected to continue this year and Canadian insurers should heed this warning by preparing Atlantic businesses for more severe hurricanes, according to Allianz Global Corporate & Specialty’s Atlantic Hurricane Season Outlook 2022. “Although Canada is not typically impacted by severe hurricanes, the unpredictability and severity of extreme weather events […]
By Alyssa DiSabatino | June 1, 2022
An Ontario court has rejected the privacy concerns of an auto insurance claimant who refused to a psychological assessment.
By David Gambrill | June 1, 2022
Brokers need to help small business avoid escrow arrangements.
By Phil Porado | May 31, 2022
Exposure related to insuring personal lines of business in general continues to see steady growth in the Canadian P&C insurance industry, with a whopping $9.3 trillion of personal property assets in Canada now insured against fire, according to Catastrophe Indices and Quantification Inc. CatIQ’s latest annual update of its industry exposure database (IED), released Monday, […]
By Jason Contant | May 31, 2022
B.C.’s Human Rights Tribunal has denied a bid by an insurance brokerage to dismiss a complaint lodged by one of its former employees.
By David Gambrill | May 31, 2022
4 min read
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