Claims

Homeowners loss ratio drops to 49.1% for this Top 10 insurer Homeowners loss ratio drops to 49.1% for this Top 10 insurer Image

Claims

Homeowners loss ratio drops to 49.1% for this Top 10 insurer

Canada’s sixth-largest property and casualty insurer has a loss ratio in home insurance of under 50% so far this year, but large losses in Western Canada had an adverse impact on the quarter ending Sept. 30. The Co-operators General Insurance Company reported Oct. 28 a 9.7-point increase in its loss ratio, from 53% in Q3 […]

By Greg Meckbach | November 3, 2021

2 min read

Ontario’s September storms cause insured damage of $105 million Ontario’s September storms cause insured damage of $105 million Image

Claims

Ontario’s September storms cause insured damage of $105 million

Severe storms in early and late September caused $105 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The Sept. 7 storms included heavy rain, wind and tornadoes that caused structural damage to many properties, Insurance Bureau of Canada (IBC) said in a press release Monday. And 30,000 properties […]

By Phil Porado | October 29, 2021

1 min read

Why the Co-operators won this appeal over homeowner claim Why the Co-operators won this appeal over homeowner claim Image

Claims

Why the Co-operators won this appeal over homeowner claim

If a client learns something new about insurance law four years after their claim is denied, it’s probably too late to sue the insurer for breach of contract. In a decision released this past Tuesday, the Court of Appeal of Alberta ruled in favour of The Co-operators, which had denied a claim in early 2011 […]

By Greg Meckbach | October 29, 2021

4 min read

Ship fire out, but search continues for lost containers from vessel off B.C.’s coast  Ship fire out, but search continues for lost containers from vessel off B.C.’s coast  Image

Claims

Ship fire out, but search continues for lost containers from vessel off B.C.’s coast 

VICTORIA – A fire that burned for nearly a week on the container ship anchored off Victoria’s waterfront has been put out.   A statement from Danaos Shipping Co., the manager of the MV Zim Kingston, says the specialized marine service company it hired will begin the cleanup operation on the ship.   The statement says the […]

By The Canadian Press | October 29, 2021

1 min read