Claims

What Intact paid for Cats last quarter What Intact paid for Cats last quarter Image

Claims

What Intact paid for Cats last quarter

Intact paid out an estimated $186 million for catastrophe losses in 2021 Q4, the company reported. “Approximately 55% of the catastrophe losses were in our Canada segment, with half in personal property,” IFC says in a press release. “This mostly reflected the impact of floods in British Columbia, as well as windstorms across Ontario and […]

By Jason Contant | January 12, 2022

2 min read

Court gets tough in $10-million “emotional distress” case Court gets tough in $10-million “emotional distress” case Image

Claims

Court gets tough in $10-million “emotional distress” case

Canadian courts are starting to get tough on potentially vexatious claimants, including insurance claimants, as seen in a Jan. 7 decision by the Court of Queen’s Bench in Alberta. In Sun v. Allwest Insurance Services, the Alberta court referred to a relatively new practice note, known as ‘CPN7,’ to ask pointed questions of a B.C. […]

By David Gambrill | January 12, 2022

3 min read

Canadian insured Cat losses exceed $2 billion — again Canadian insured Cat losses exceed $2 billion — again Image

Claims

Canadian insured Cat losses exceed $2 billion — again

Canadian insured losses topped $2 billion for the second year in a row, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). “2021 saw much discussion of a ‘new normal’ for Canadians, but when it comes to insured losses, it seems that the new normal — where annual losses due to catastrophes exceed $2 […]

By Jason Contant | January 11, 2022

2 min read

Excess of loss case should be heard in Canada, not New York: court Excess of loss case should be heard in Canada, not New York: court Image

Claims

Excess of loss case should be heard in Canada, not New York: court

Several excess insurers have lost their bid to have a lawsuit take place in New York instead of Ontario in a mining insurance case brought before the Ontario Superior Court of Justice. Nine of 22 excess insurers argued that the Ontario court lacked jurisdiction in a case involving the nickel mining giant Vale Canada. Ultimately, […]

By David Gambrill | January 10, 2022

4 min read