Claims
Pembridge Insurance Company of Canada has a duty to defend an insured who has liability coverage under a home insurance policy in a case in which the insured got out of his car and allegedly threatened another driver in a road rage incident. By rejecting an appeal from the Ontario Court of Appeal, the Supreme […]
By David Gambrill | August 11, 2020
4 min read
Canada’s costliest-ever hailstorm contributed to the largest insured losses in North America since the first half of 2011, according to preliminary natural catastrophe estimates from Swiss Re. The hailstorm that struck Calgary in June cost the industry $1.2 billion based on more than 70,000 claims. Insured losses from spring flooding in Fort McMurray was also […]
By Jason Contant | August 11, 2020
2 min read
A surge in directors and officers liability claims, withdrawal of some carriers from hospitality and high-profile cyberattacks are among the big trends now in commercial specialty
By Greg Meckbach, Associate Editor | August 11, 2020
3 min read
The Insurance Corporation of British Columbia (ICBC) announced Friday that three of the temporary measures it introduced in response to the COVID-19 pandemic are set to expire in the coming weeks. The B.C. Utilities Commission had approved ICBC implementing the following measures starting Apr. 23 and ending Aug. 20: Phase 3 of B.C.’s Restart Plan […]
By Jason Contant | August 10, 2020
While everyone in the Canadian property and casualty insurance industry knows that quick claims response times are critical to consumer satisfaction, cycle times for property claims in Canada increased overall between 2018 and 2019, according to the latest property damage statistics cited in a recent report by Xactware. The average time to contact policyholders increased […]
By David Gambrill | August 10, 2020
As if it weren’t enough with all of the recent news reports about natural catastrophe losses in Alberta, and claims against insurers for business interruption losses due to the COVID-19 pandemic, there is another, more familiar risk looming on the horizon for insurers — auto insurance losses. As employees start to migrate back to the […]
MELITA, Man. – The mayor of a small southwestern Manitoba town says everyone in the community is devastated after a tornado killed two well-liked teens. Bill Holden says residents in Melita are feeling profound grief since Shayna Barnesky and Carter Tilbury, both 18, died Friday. He says they were well-known and from large, private families […]
By The Canadian Press | August 10, 2020
How the outcome of a test case in Britain over business interruption coverage during COVID-19 may reverberate throughout the Canadian commercial P&C market
By Greg Meckbach, Associate Editor | August 8, 2020
6 min read
Here’s where, and why, insurers see more fraud claims being uncovered
By Ephraim Stulberg, Partner, MDD Forensic Accountants | August 7, 2020
Aviva Canada overcame high claims costs related to pandemic losses and severe-weather catastrophe events in Alberta to trim its combined operating ratio (COR) down from 98.1% in the first half of 2019 to 95.5% during the first half of this year. In announcing its 2020 half-year results, Aviva Canada’s parent company, Aviva plc, observed that […]
By David Gambrill | August 6, 2020
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