Claims
Some clients seeking business interruption coverage arising from the COVID-19 pandemic are looking to the courts for a “generous” interpretation of policy wording, a Canadian lawyer says. “In the context of property damage claims related to the novel coronavirus, many commercial insurance policyholders have reported that they have been denied business interruption coverage on the […]
By Greg Meckbach | September 4, 2020
3 min read
If your clients are going to be hit with rate increases and major changes in terms and conditions to their directors’ and officers’ (D&O) liability policies, you might want to give them some advance warning. “We tend to prepare early and get out in front of our clients, 90 to 120 days before renewal, and […]
The federal government is facing a proposed class-action lawsuit over data breaches earlier this year affecting thousands of users of online service users. Criminals were able to get the user names and passwords of 9,041 users of GCKey, the federal government announced in August. GCKey lets people access multiple federal government services – including Employment […]
By Greg Meckbach | September 3, 2020
If you disagree with a co-worker on exactly what a catastrophe is, both of you could be right. There is no single standard definition of a “Cat,” with the industry’s loss costs — and even media coverage — among the factors that go into deciding whether an event is a Cat. “We are not all […]
2 min read
A collision repair centre in the Greater Toronto Area has lost its court bid to dismiss Aviva Canada’s $330,000 civil lawsuit against it. The case arose from Aviva’s highly-publicized 2017 investigation into the auto collision industry, based on suspicion of fraudulent activity. The Ontario Superior Court’s decision means Aviva Canada’s lawsuit against McLaren Collision Centre […]
By David Gambrill | September 2, 2020
4 min read
Many insurers that did not start adding pandemic exclusions this past July may have to do so in January, a Winnipeg-based executive with commercial brokerage Gallagher reports. “The majority of insurers – or all insurers – are adding specific wording around pandemic exclusions,” said Kevin Neiles, chief marketing officer and president of Western Canada for […]
By Greg Meckbach | September 2, 2020
While Hurricane Laura’s insured damage estimates in the United States range anywhere between $4 billion to $12 billion, the post-tropical storm predicted for Atlantic Canada did not quite reach the level of intensity initially forecast for the Maritimes last Thursday. Meanwhile, debate in the United States is raging over whether the National Hurricane Center is […]
By David Gambrill | August 31, 2020
Canada’s property and casualty insurance industry needs to cross-train more claims adjusters if it wants to have enough property adjusters to be available in the event of a catastrophe, industry experts said last week. “Cross-training is important because it is what allows us to bring together those internal resources that we need when there is […]
By Greg Meckbach | August 31, 2020
During the hail storm this past June that damaged tens of thousands of Alberta homes, adjusting firm CRU Group struggled to find enough qualified independent catastrophe adjusters in Canada, and wound up resorting to bringing in people from the United States. “It didn’t go over real well,” acknowledged Skip McHardy, chief operational officer, catastrophe response, […]
By Greg Meckbach | August 28, 2020
A British Columbia resident who had to move out for nearly six months for flood restoration work still has to pay his monthly fees to the strata corporation, the B.C. Civil Resolution Tribunal has ruled. Ye Yuan said that from September 2018 to February 2019, he had to move out of the strata unit he […]
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