Claims
If a client temporarily closes his business because of a provincial order arising from COVID-19, does its business interruption kick in if the policy covers “damage caused by order of civil authority to retard or prevent a conflagration or other catastrophe?” The question could be put to an Ontario court in a coverage dispute lawsuit […]
By Greg Meckbach | May 8, 2020
3 min read
VICTORIA – British Columbia has reached the point in the COVID-19 pandemic where it will start a gradual reopening of the economy while also allowing social interactions between families, friends and communities to increase. The plan to restart the province begins with certain health services, retail outlets, restaurants, salons, museums and parks resuming some operations […]
As the insurance sector adjusts to respond to challenges related to the novel coronavirus, flood season in Canada is beginning. Today, residents in Fort McMurray, Alta., are returning to clean up their flooded homes and businesses on the anniversary of a wildfire four years ago that caused almost $3.8 billion in insured damage to the […]
By David Gambrill | May 7, 2020
4 min read
TORONTO – Dozens more people in Canada have succumbed to COVID-19, authorities reported on Thursday, as one of the country’s major inter-city bus carriers announced it would be shutting down completely due to a precipitous drop in passengers forced by the pandemic. Of the new deaths, 48 were reported in Ontario, where 399 new cases […]
By Greg Meckbach | May 7, 2020
2 min read
Fewer than 1% of the commercial property policies that Intact Financial Corp. writes should incur business interruption claims from the coronavirus pandemic, company officials suggested Wednesday. But the insurer has set aside more than $80 million to account for possible commercial claims specifically due to COVID-19. “We do have specialized programs where pandemic business interruption […]
By Greg Meckbach | May 6, 2020
EDMONTON – A majority of forests in Canada face a higher-than-normal wildfire risk this summer, say federal scientists. The forecast map from Natural Resources Canada suggests every region west of central Quebec will face an above-average hazard. “We’re starting to see indication of above-normal potential starting in June and carrying on through the summer,” Richard […]
How the industry will survive a global pandemic
By David Gambrill, Editor in Chief | May 6, 2020
The application of faulty workmanship exclusions continues to be a subject of disagreement among judges, a Court of Appeal of Alberta ruling from last week shows. The Court of Appeal of Alberta recently found that if a construction contractor causes damage that is outside its scope of work with the building owner, that damage might […]
By Greg Meckbach | May 5, 2020
5 min read
Ontario’s fire marshal says there’s been an increase in fire deaths this year as COVID-19 measures force many people to stay home and do more home cooking. Jon Pegg says there have been 51 fire fatalities between Jan. 1 and May 4, a 65 per cent increase over the same time period last year. He […]
By The Canadian Press | May 5, 2020
Some properties affected by the current flooding in Fort McMurray, Alberta, were also affected by the massive wildfire in 2016 but despite the multiple tragedies, the properties are still considered insurable. “Property in the town of Fort McMurray, Alberta is insurable, but there’s more work to be done to build resiliency in the area, and […]
By Greg Meckbach | May 4, 2020
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