Claims

Why Travelers is confident it does not have to cover many COVID-19 business interruption losses

The Travelers Companies Inc. will have to spend money defending itself in business interruption coverage lawsuits arising from the pandemic, but officials with the New York City-based insurer do not expect it will actually have to pay out on many of those claims. “Our commercial insurance property policies that include business interruption, including as a […]

By Greg Meckbach | July 28, 2020

4 min read

Insurer working on future pandemic coverage for school boards, post-COVID

As the Ontario government prepares its school re-opening plan, the insurer for the majority of the province’s boards is working on a plan to provide pandemic coverage, albeit for future pandemics and not for COVID-19. Within the next six to eight months, the Ontario School Boards’ Insurance Exchange (OSBIE) “may have a product that provides […]

By Greg Meckbach | July 27, 2020

3 min read

Hotels sue Aviva Canada for $150 million in proposed BI class action

Lerners LLP has filed a proposed $150-million class-action lawsuit against Aviva Canada on behalf of hotels across the country, claiming that the hotels are entitled to coverage for loss of business income relating to COVID-19. “We know these are challenging times for everyone,” Aviva responded in an email to Canadian Underwriter, when asked for comment […]

By David Gambrill | July 27, 2020

3 min read

Multiple townhouse units damaged in Hamilton fire

HAMILTON – Firefighters were called out early this morning to battle a massive wind-whipped blaze in a townhouse complex (pictured, above) in Hamilton, Ont. The Hamilton Fire Department says the multi-alarm inferno erupted in the city’s east side on Edenrock Drive and engulfed 11 townhouse units leaving them in ruins. Video footage from the scene […]

By The Canadian Press | July 27, 2020

2 min read