Claims
Despite the unprecedented closures and precautions arising from the ongoing pandemic, claims adjusters continue to inspect properties affected by disasters. “With exterior damages, social distancing has done nothing to affect [claims investigations] other than requiring us to stay a safe distance from the property owner or the insured,” Skip McHardy, executive vice president of Toronto-based […]
By Greg Meckbach | June 10, 2020
3 min read
Restrictions imposed on international travel to limit the spread of COVID-19 may be a concern for merchant shipping because crews could be overdue for a rest, Allianz Global Commercial Specialty suggests in a recent paper. “Due to closed international borders there are limited workable options for crew repatriation and in many cases crews have continued […]
By Greg Meckbach | June 9, 2020
2 min read
Albertans would rather stick with its at-fault auto insurance system than switch to a no-fault program, according to a new survey. More than six in 10 Albertans (61%) surveyed told Nanos Research that they prefer at-fault over the no-fault system. A majority (54%) also said they at least somewhat don’t trust insurance companies to decide […]
By Adam Malik | June 9, 2020
STUARTBURN, Man. – Heavy rain in southeastern Manitoba has flooded roads and forced people out of some homes. David Kiansky, reeve of the Rural Municipality of Stuartburn, says the water rose up suddenly and covered a lot of farmland and most roads running north to south. He says crews worked to get people out of […]
By The Canadian Press | June 9, 2020
1 min read
The outcome of an ongoing British test case for business interruption during a pandemic could set a precedent for commercial coverage disputes in Canada, a Toronto-based insurance defence lawyer suggests. Britain’s Financial Conduct Authority (FCA) is scheduled to file a claim with the High Court of England and Wales on June 9 to resolve what […]
By Greg Meckbach | June 8, 2020
Natural disasters like the recent Fort McMurray flooding will likely continue driving home insurance rates up, suggests Intact Financial Corp. CEO Charles Brindamour. “Personal property is in a relatively hard market environment with mid to upper single digit rates increases. That is likely to continue and a big portion of the driver for that is […]
By Greg Meckbach | June 5, 2020
The social and economic impact of the novel coronavirus pandemic in 2020 is truly horrifying, saddening, and staggering. Many of us have lost loved ones, or know people who are out of work because of the potentially lethal virus moving invisibly through our environment. Bearing this in mind, it feels somewhat blasphemous to write about […]
By David Gambrill | June 5, 2020
4 min read
While many Canadian courts continue to suspend two-year limitation periods for plaintiffs to file civil lawsuits against insurers and other defendants, Alberta’s clock has started running again as of June 1 – and for claims under the province’s Insurance Act, the clock never really stopped. In most jurisdictions in Canada, depending upon the legal statute, […]
By David Gambrill | June 4, 2020
DETROIT – For the fourth time, Nissan is recalling hundreds – of thousands of midsize cars in the U.S. and Canada to fix a nagging latch problem that may allow the hood fly open while cars are moving. The latest recall covers nearly 1.9 million Altimas and includes cars from the 2013 through 2015 model […]
By Greg Meckbach | June 4, 2020
In response to the ongoing pandemic, the Lloyd’s market is changing the way claims are handled when multiple syndicates write one risk. “One challenge with COVID-19 is the subscription nature of the market, whereby it is often several syndicates writing one risk. This could increase the time required to adjust a claim so Lloyd’s has […]
By Greg Meckbach | June 3, 2020
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
