Claims
Your client owns a strata apartment in a high-rise. Water starts coming in from the ceiling from the unit above. The night security guard visits the higher of the two units but neither the occupant nor the security guard can find the source of the leak. Should the owner be liable if a plumber does […]
By Greg Meckbach | April 29, 2021
3 min read
The recently-released federal budget gives brokers reason to be optimistic that Canada will eventually have a national flood insurance program for homeowners, the head of the Insurance Brokers Association of Canada suggests. “The commitment from the federal government is clear to develop a national flood insurance program,” IBAC CEO Peter Braid said in a recent […]
By Greg Meckbach | April 28, 2021
TORONTO – Ontario’s nursing homes were woefully unprepared for the onslaught of COVID-19 – the culmination of years of neglect and failure to address known problems, the province’s auditor general said on Wednesday. In a special report, Bonnie Lysyk took aim at overcrowding, poor ministry oversight, and a severe staffing shortage that existed even before […]
By Jason Contant | April 28, 2021
4 min read
An elderly homeowner’s health takes a turn for the worse, necessitating a move into a care home. The client still owns her original home, which suffers water damage. The insurer denies the claim on the grounds that the property is vacant. This is what happened to the late Agnes Josephine Gregson. In Gregson v. CAA […]
By Greg Meckbach | April 27, 2021
5 min read
Collecting high-resolution images, making it easy to report a loss, and integrating the service providers into the claims process are claims innovations carriers need to bring in if they are not already, InsurTech North speakers suggested last week. “Make it very easy to report a claim. That’s sort of table stakes,” said Kevin Reilley, CEO […]
By Greg Meckbach | April 26, 2021
An Ontario judge has taken the rare approach in a sentencing decision to urge the provincial government to take steps to prevent future instances of insurance fraud. Ontario Court Justice David S. Rose made the obitur remarks in his written reasons in R. v. Kasotty, released Wednesday. In his decision, Rose imposed a two-year conditional […]
By David Gambrill | April 22, 2021
The industry is pushing to make federal grants available for Canadian homeowners to reduce basement flood risk. In the fall of 2020, the federal government announced its Greener Homes initiative. When the program rolls out, the plan is to provide up to 700,000 grants of up to $5,000 to help homeowners make energy efficiency retrofits […]
By Greg Meckbach | April 21, 2021
2 min read
Some brokerages might be at greater risk of being audited by Canada Revenue Agency or having to file more tax paperwork if measures proposed in Monday’s federal budget come to fruition. The federal government is proposing new requirements for corporations to notify Canada Revenue Agency if those corporations have what accountants call “uncertain tax positions.” […]
Westland Insurance Company was within its rights to assume a contentious, two-year insurance claim had been resolved when two Victoria, B.C., property owners refused to submit a “Final Proof of Loss” form that had been filled out for them to sign, the B.C. Appeal Court has found. Westland paid the property owners $224,325 for a […]
By David Gambrill | April 20, 2021
Insurers are hoping it will be easier for homeowners to borrow money to raise their structures in areas at risk of flood or to replace roofs in wildfire-prone regions as a result of the federal budget announced Monday. In her budget speech Monday, Deputy Prime Minister Chrystia Freeland said the government is proposing to spend […]
By Greg Meckbach | April 20, 2021
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