Claims
Clients who lost business income during the pandemic might not get coverage even if they have coverage for “prevention or hindrance of access,” but this depends on exactly how the policies are worded. The High Court of England and Wales released earlier this month its verdict in a test case launched by the Financial Conduct […]
By Greg Meckbach | September 25, 2020
5 min read
Although COVID-19 infected the underwriting results of the entire P&C insurance industry, it did not affect all insurance organizations equally, as recent data released by MSA Research shows. “The overall picture that emerges at the end of June is one where personal lines and multi-lines writers saw an overall improvement over the first half of […]
By David Gambrill | September 24, 2020
3 min read
A recent British court ruling could be good news for Canadian clients who bought insurance covering business interruption from an occurrence of a notifiable disease within a specified distance of their premises, and who had to close due to the COVID-19 pandemic. This type of coverage was the subject of a recent ruling from the […]
By Greg Meckbach | September 23, 2020
The COVID-19 pandemic has prompted some insurers’ medical examiners to consider virtual exams instead of in-person exams when the examiner needs to speak with the claimant. “We work with a number of firms that provide independent medical assessments and evaluations and we really noted that the industry, which did not often use virtual appointments pre-COVID, […]
Some clients who are in financial trouble because they had to close during the early days of the pandemic are having their business interruption insurance policies reviewed by consulting firms. With COVID-19, many businesses have reached out to BDO for assistance with their insurance claims, said Chetan Sehgal, a partner for forensics and litigation support […]
By Greg Meckbach | September 22, 2020
HALIFAX – Weather warnings have been issued for virtually all of Atlantic Canada as hurricane Teddy advances toward the East Coast. A tropical storm watch is in effect for the Atlantic coastlines of mainland Nova Scotia and Cape Breton, where the storm will bring strong winds, heavy rain and pounding surf on Tuesday night – […]
By The Canadian Press | September 21, 2020
2 min read
A B.C. driver recently learned the hard way that you can’t ram your car into another car during a parking lot road rage incident and then make an insurance claim for the repair. Majid Abood was waiting in his car in a restaurant parking lot in Surrey, B.C., on Nov. 20, 2019, while Redzep Nukovic […]
By David Gambrill | September 18, 2020
One key component of preparing for the anticipated second wave of COVID-19 cases in Canada is for businesses to assess how they responded to the first wave of the disease, Northbridge Insurance is telling its commercial clients. “Many businesses that were hard hit during the first lockdown worry that they won’t survive a second lockdown,” […]
By Greg Meckbach | September 18, 2020
HALIFAX – The Canadian Hurricane Centre’s top meterologist is suggesting the combination of Hurricane Teddy and a continuing pandemic should prompt Maritimers to plan well ahead for potential power outages. The storm was churning northward in the Caribbean Friday, with maximum wind speeds over 200 kilometres per hour. Potential tracks cited by the centre show […]
By Jason Contant | September 18, 2020
Factory Mutual is appealing an Ontario court ruling that included a finding that “resulting physical damage” can mean loss of use. David Liblong, a partner with Liblong Digambar Professional Corporation, told Canadian Underwriter Wednesday that the insurer is appealing MDS Inc. v. Factory Mutual Insurance Company, released Mar. 30 by the Ontario Superior Court of […]
By Greg Meckbach | September 17, 2020
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