Claims
Municipalities are not liable for “policy decisions” on matters such as snowplowing, but lawyers disagree on exactly what kind of a “policy decision” could shield a government from liability in a personal injury lawsuit. “Back home in Newfoundland, when there is a snowstorm, they don’t put plows on the road,” Supreme Court of Canada Justice […]
By Greg Meckbach | April 8, 2021
5 min read
KELOWNA, B.C. – A condominium development under construction in Kelowna, B.C., has been severely damaged in a fierce early morning blaze. Flames broke out in a new phase of the Parklane townhouse complex on Kelowna’s north side on Tuesday. Fire swept through the unfinished units while intense heat damaged occupied condos nearby, forcing evacuations. One […]
By The Canadian Press | April 8, 2021
1 min read
The pandemic will cost the global insurance industry at least US$200 billion, Lloyd’s predicts. “We estimate that the global insurance industry will pay around US$203 billion in claims and due to a reduction in asset values as a result of COVID-19,” Lloyd’s said in its annual report for 2020, released Mar. 31. The United States […]
By Greg Meckbach | April 7, 2021
2 min read
Intact Insurance has lost its appeal over procedural unfairness in an Alberta wildfire property damage claim, even though an umpire in the case made a decision based on information that was not placed on the record by either the claimant or the insurer. Relying in part on information that was not placed on the record, […]
By David Gambrill | April 7, 2021
4 min read
EDMONTON – A lawyer for Alberta Transportation says there’s a serious and urgent need for a proposed reservoir that could protect Calgary from future flooding. Ron Kruhlak made the comment during his closing argument Tuesday before the Natural Resources Conservation Board, an arm’s-length agency of the Alberta government. The board held a two-week-long hearing to […]
By Jason Contant | April 7, 2021
3 min read
Reinsurers in Canada’s P&C industry had a rough time negotiating through COVID last year, with the sector’s overall combined ratio skyrocketing from a profitable 92.6% in 2019 to an unprofitable 103.7% in 2020. Claims costs were a major force behind those results. Reinsurers writing business in Canada reported more than a 10-point increase in their […]
By David Gambrill | April 6, 2021
Motorists could be hit with more premium increases once driving levels return to pre-pandemic levels, Intact Financial Corp. CEO Charles Brindamour suggests. During the early part of 2020, Canada’s auto insurers had a collective combined ratio in auto more than 100%, Brinadmour said during a recent virtual fireside chat with Jaeme Gloyn, equity research analyst, […]
By Greg Meckbach | April 1, 2021
Elected officials in Canada have an opportunity to fix underlying issues in the auto insurance product now that the pandemic has temporarily suppressed insurance companies’ auto loss ratios, says the head of Canada’s association for home, car and business insurers. During the year of COVID, which featured business shutdowns to prevent the spread of the […]
By David Gambrill | March 31, 2021
BROOKS, Alta. – A fast-moving weather system in Alberta brought both fire and ice, resulting in the evacuation of a village one day and a multi-vehicle collision that closed the Trans-Canada Highway between Medicine Hat and Calgary the next. About 275 residents in Carmangay, which is 165 kilometres southeast of Calgary, were forced to leave […]
By The Canadian Press | March 31, 2021
Focused narrowly on responding to the COVID-19 global pandemic — and preparing for the next one — Canada may be losing sight of preparing for other, potentially more likely disaster scenarios, P&C insurance industry executives commented at the Swiss Re Canadian Insurance Outlook Breakfast on Tuesday. “There’s a tremendous focus in Ottawa now on pandemics, […]
By David Gambrill | March 30, 2021
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