Claims
With a recent Supreme Court of Canada decision involving third-party litigation funding coming on top of the economic disruption caused by the COVID-19 pandemic, Canadian courts are likely to see a spike some types of lawsuits, suggests the head of an international litigation financing provider. “We have seen a significant amount of interest from Canadian […]
By Greg Meckbach | May 21, 2020
4 min read
Electronic signatures, also known as “eSignatures,” are basically the digital equivalent of handwritten signatures. Quite a few eSignature options are available to brokers and their clients. Some wonder if a universal standard may apply. We raised the issue recently with Steve Whitelaw, vice president of broker and industry partnerships at Applied, shortly after airing the […]
By David Gambrill | May 21, 2020
2 min read
NEW HAZELTON, B.C. – The COVID-19 pandemic has increased the danger of British Columbia’s wildfire season and the province’s forests minister says public help is crucial to reduce fires. Doug Donaldson says wildfires caused by humans are preventable and divert valuable resources away from naturally occurring fires while exposing firefighters to unnecessary risks. The BC […]
By The Canadian Press | May 21, 2020
We’re operating in a much more digital world than just a few months ago. As companies of all sizes scramble to make their operations work outside their physical buildings, the threat of cyberattacks increases. Small business clients intuitively understand the need for property and liability insurance. But when it comes to cyber liability insurance, it’s […]
By Adam Malik | May 20, 2020
Six years after the federal government promised to explore options for a national approach to home flood insurance, the feds are still thinking about it. About 13,000 were recently evacuated from Fort McMurray, Alta., because of flooding on the Athabasca and Clearwater rivers, the Canadian Press reports, adding many of those homeowners are either uninsured […]
By Greg Meckbach | May 20, 2020
3 min read
KENSINGTON, Md. – The world cut its daily carbon dioxide emissions by 17% at the peak of the pandemic shutdown last month, a new study found. But with life and heat-trapping gas levels inching back toward normal, the brief pollution break will likely be “a drop in the ocean” when it comes to climate change, […]
By Greg Meckbach | May 19, 2020
Since the “black swan” metaphor was coined in the 2007 book of the same name, it has become fashionable to label virtually all low probability/high impact events black swans. But the danger of making an occurrence like the COVID-19 outbreak appear to be astronomically rare is that we will treat it as such and fail […]
By David Gambrill | May 19, 2020
After a 132-year-old Cape Breton Island building was heavily damaged by a sprinkler line failure, there was a huge disparity between the property owner and insurer’s versions of “actual cash value.” The claimant said $1.59 million, while the insurer said $230,000. The final outcome is still to be revealed in New Dawn Enterprises Limited v. […]
5 min read
People are driving less, but by how much? Canadian Underwriter put the question to a number of organizations to find the answer: Anywhere from 20-70%. However, despite ongoing local travel and social distancing restrictions, and as provincial governments start to ramp up their economies, driving is now on the rise, according to a number of […]
By Adam Malik | May 15, 2020
A “snowball effect” could leave some construction companies facing major financial challenges despite the slow re-opening of some of their closed worksites, one brokerage warns. In some situations, the damage may already be done, leaving brokers scrambling to help out their clients. The inability to move projects along due to the COVID-19 pandemic, combined with […]
By Adam Malik | May 14, 2020
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