Claims
TORONTO – Health-care workers, businesses and non-profits could receive liability protection against COVID-19-related lawsuits under legislation proposed by the Ontario government Tuesday, but critics said the bill would result in extra protection for long-term care providers who failed residents during the pandemic. Attorney General Doug Downey said that if passed, the proposed law would ensure […]
By Jason Contant | October 21, 2020
4 min read
Teenagers are 3.1 times more likely to follow too closely than drivers older than 45, Manitoba’s auto insurer is warning. Teens are also 3.6 times more likely to lose control or drive off the road than drivers aged 45 and older, Manitoba Public Insurance said in a release this past Friday announcing the launch of […]
By Greg Meckbach | October 20, 2020
2 min read
Using a smart phone to take pictures of property damage as soon as it happens could speed up the claims process and reduce fraud risk, the head of a Canadian claims technology vendor suggests. “The best way to drive efficiency in the claims industry is by capturing the facts as soon as humanly possible after […]
By Greg Meckbach | October 19, 2020
With loss ratios in the Canadian cyber insurance market skyrocketing, purchasing cyber without having to answer a whole bunch of questions may become a thing of the past. In the recent past, if a client was not very large, or if the account wasn’t overly complicated, clients could get cyber insurance by answering fewer than […]
How Canada’s P&C insurers plugged a regulatory hole that exposed the industry to millions of dollars in claims every year
By Michael Freill, President, Mark 1 Engineering | October 18, 2020
Your suppliers are most at risk, and attacks will be costly
By Alexandra Wright, Jackie Vergne and Ken Rayner, Cyber Insurance Solutions Inc. | October 17, 2020
6 min read
There is growing awareness that governments can transfer the financial risk of natural disasters to both insurance and capital markets, a Swiss Re expert observes. In Asia, Africa, the United States and Britain, there are examples of national and sub-national governments considering ways to share their financial risks — from weather catastrophes to earthquakes — […]
By Greg Meckbach | October 16, 2020
3 min read
An electronics distributor that lost nearly $2.7-million because its accounts payable staff were duped by fraudsters cannot claim under policy wording covering funds transfer fraud, a Quebec court has ruled. In Future Electronics Inc. (Distribution) Pte Ltd. v. Chubb Insurance Company of Canada, released Sept. 29, Quebec Superior Court Justice Suzanne Courchesne ruled that the […]
5 min read
Trucking was already going through challenging times. The pandemic isn’t helping. How brokers can help clients navigate their way through the insurance marketplace
By Adam Malik, Managing Editor | October 16, 2020
7 min read
Several pressures on rate suggest reinsurance premiums will rise during the January 2021 renewal season. By how much? Reinsurance execs look into the crystal ball
By Greg Meckbach, Associate Editor | October 16, 2020
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