Claims
When it comes to the hospitality sector, insurers’ risk appetites are constantly changing and underwriters are especially concerned about clients who get most of their revenue from alcohol, a managing general agent reports. “A broker has to spend a lot of time on the phone or on e-mail trying to find out what markets are […]
By Greg Meckbach | December 16, 2020
4 min read
Social inflation essentially describes insurers' increasing legal costs. Why insurers are pinning this primarily on the rise of litigation funding
By Adam Malik, Managing Editor | December 16, 2020
3 min read
Add $87 million to the more than $2.1 billion that the Canadian property and casualty insurance industry has paid out in claims thus far in 2020. An Ontario windstorm in November hit the Greater Toronto Area, the areas of Hamilton, Niagara and Muskoka, and the Lake Erie and Lake Ontario shorelines, causing $87 million in […]
By Jason Contant | December 15, 2020
2 min read
Data breaches and the impact of COVID-19 on a company’s financial performance are among the “megatrends” affecting directors’ and officers’ liability claims, Allianz Global Corporate & Specialty warned in a report released Dec. 15. “Outside the U.S., securities class actions are being filed in record numbers and the threat of facing an action has increased […]
By Greg Meckbach | December 15, 2020
Agreements in which one party is required to add the other as an “additional insured” can open a huge can of worms. Clauses like this can appear in contracts for maintenance provision, equipment installation, commercial leases, and construction, said insurance defence lawyer Gemma Healy-Murphy of law firm Rogers Partners LLP. “Your own broker may not […]
By Greg Meckbach | December 14, 2020
When The Co-operators quickly notified a third-party insurer, AIG Inc., upfront of its intention to pursue a subrogation claim against AIG’s client in an oil spill case, little did The Co-operators know the move would later backfire when it came time to accessing the notes of AIG’s claims adjuster. The Nova Scotia Supreme Court recently […]
By David Gambrill | December 14, 2020
A Court of Appeal for Ontario ruling in favour of AIG Insurance Company of Canada, over a coverage dispute arising from an injury to a spectator at a hockey arena, is now final. The Supreme Court of Canada recently announced it will not hear an appeal of Markham (City) v. AIG Insurance Company of Canada, […]
By Greg Meckbach | December 11, 2020
Are your clients tempted to defy The Grinch who stole Christmas and have large holiday gatherings during the pandemic regardless of what public health orders might say? You might want to tell them about pandemic exclusions in their home insurance policies. Personal injury lawyer Nainesh Kotak, based in Mississauga, Ont., appeared on CTV’s Your Morning […]
By David Gambrill | December 11, 2020
The new COVID landscape means looking for alternative ways to mitigate claims risk at live events
By Scott Carroll, Executive Vice President, Program Director, Take1 Insurance | December 11, 2020
In a world where insurers are amalgamating claims service offerings, third-party forensic engineers can bring to the table a neutral, unbiased perspective that is void of any potential for a conflict of interest, says Chris Giffin, chief executive officer of Haag Canada.
By Adam Malik, Managing Editor | December 10, 2020
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
