Claims
For the first time in two decades, insurance company websites in the United States have become a more popular place for consumers to buy their auto insurance than through the broker channel, a U.S. auto insurance consumer satisfaction study has found. “We’ve seen this trend developing for several years, but this is the first time […]
By David Gambrill | June 15, 2020
3 min read
Intact Financial Corp. is likely to pay out more than $80 million for commercial claims arising directly from the COVID-19 pandemic, but has only seen a small fraction of that so far, CEO Charles Brindamour said Wednesday. “The total actual incurred losses is barely 10 million bucks at this stage,” Brindamour said Wednesday of commercial […]
By Greg Meckbach | June 12, 2020
TORONTO – Reduced crowd scenes. Fewer people on set. COVID-19 testing. Handwashing stations. Those are some of the health and safety protocols Canadian film and TV producers are mulling over for their projects as provinces including British Columbia, Manitoba, Ontario and Quebec ease pandemic restrictions that shut down the industry in mid-March. But despite such […]
Way back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus to be a global pandemic. Governments soon shut down non-essential businesses to slow down the […]
By David Gambrill | June 12, 2020
2 min read
If the more you drive means the likelier you are to have an auto claim, the same thinking could apply to home insurance claims, as people adhere to shelter-in-place guidelines during the COVID-19 pandemic, says a risk expert. If people are at home more than they used to, and they are using their appliances and […]
By Adam Malik | June 11, 2020
A commercial insurer could end up paying for losses that the carrier never intended to cover if a business interruption insurance policy covers government orders or advice to shut down a workplace without clearly excluding something like a widespread pandemic, a defence lawyer warns. “We are warning our clients that any ambiguities regarding how public […]
By Greg Meckbach | June 11, 2020
Changing the way firefighters eat their meals in camps, having masks on hand, and social distancing are among the precautions the Saskatchewan government has taken to ensure it responds to disasters with the ongoing pandemic. “In Saskatchewan, we have already had a significant large fire this spring and even with the COVID restrictions in place […]
GLENCOE, Ont. – Environment Canada says it’s investigating after two tornadoes were reported near London, Ont., Wednesday night. The weather agency says the first happened at 7:50 p.m. in Glencoe, Ont., while the second happened 40 minutes later in Belmont, Ont. Meteorologist Gerald Chang says there were numerous reports of downed trees and structural damage, […]
By The Canadian Press | June 11, 2020
1 min read
The economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to maintain funding to keep the subways running and the streetcars running and all of the […]
By Greg Meckbach | June 10, 2020
Insurers expecting the rise of autonomous vehicles to lower collisions may not get the results they were hoping for, according to a new report. It turns out that self-driving vehicles might prevent only about one-third of all collisions, says the study from the Insurance Institute for Highway Safety (IIHS). “It’s likely that fully self-driving cars […]
By Adam Malik | June 10, 2020
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