Claims
Although the impact of carbon emissions on climate is a major concern for carriers, western Canadian brokers are concerned about efforts to reduce Canada’s reliance on oil and gas. “Oil and gas is not going away any time soon, and if we are going to reduce our reliance on it, then let’s do it slowly […]
By Greg Meckbach | December 9, 2020
3 min read
Some Ontario homeowners could collect insurance money on property claims even if the damage was caused by illegal electrical work, the auditor general suggests in her report released Monday. Staff with the province’s Office of the Auditor General contacted four major home insurers in Ontario to find out if they would deny claims for damage […]
By Greg Meckbach | December 8, 2020
This is no April Fool’s joke. TD Insurance Group plans to stop offering its non-standard five-year vehicle replacement coverage in Nova Scotia as of Apr. 1, 2021. In 2019, the Nova Scotia Utility Review Board approved TD’s application to offer its Five Year Replacement Cost Solution as an optional add-on for Nova Scotia auto insurance […]
South Africa’s Western Cape High Court has ordered an insurer to pay a retailer of luxury travel goods up to a maximum of six months’ worth of business interruption coverage (about Cdn$1.5 million), following a dispute over losses arising from government-ordered lockdowns related to COVID-19. The South African decision is notable for its reference to […]
By David Gambrill | December 8, 2020
5 min read
A Supreme Court of Canada decision released Thursday means Intact Insurance has to defend two lawsuits against a client that operates a cold storage warehouse. Clauson Cold & Cooler Ltd. had a “Commercial Edge Express Plus” policy with Intact. In 2015 and 2016, some of the goods in Clauson’s warehouse allegedly thawed. Those goods included […]
By Greg Meckbach | December 7, 2020
Natural Resources Canada is hoping to help insurers cut their loss costs with a yet-to-be released earthquake early warning system. The warning system could provide seconds to tens of seconds of warning before a location is affected by strong shaking, Natural Resources Canada research scientist Michal Kolaj said Dec. 3 during a webinar hosted by […]
2 min read
A client’s structure can remain standing after a wildfire, even when other buildings in the same neighbourhood burn down, because dozens of factors affect a property’s risk, experts said Thursday during a webinar. “The interesting thing about wildfire is [that] it is a little bit different from earthquakes and hurricanes and convective storms,” said Michael […]
Alberta continues to endure the most expensive insured weather events in Canada. What’s happening and what can be done about it?
By Derek Clouthier | December 7, 2020
A lot of things can go wrong when a client agrees to add a counter-party to a contract as an additional insured. Here’s what your clients can do to reduce the risk of a nasty coverage dispute
By Greg Meckbach, Associate Editor | December 6, 2020
4 min read
COVID fatigue and the difficulty in tracing the close contacts of people who test positive for the novel coronavirus are among the reasons Canada is experiencing such high case counts, an Aon Canada expert suggests. The Canadian Press reported Thursday there are now 389,775 confirmed cases of COVID-19 in Canada. Quebec reported Wednesday a new […]
By Greg Meckbach | December 3, 2020
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