Claims
Climate change risk is very much on the radar of Canada’s solvency regulator. In a mid-February speech to the 17th Annual Review of Insolvency Law (ARIL) Conference in Vancouver, B.C., Jeremy Rudin, Canada’s superintendent of financial institutions, outlined three climate-related risks facing the country’s property and casualty insurers. Two of them, liability risks and physical […]
By David Gambrill | March 3, 2020
3 min read
Your commercial client may think they are covered for all types of business email compromise (BEC) fraud automatically, but policy triggers are often nuanced, a speaker said recently at NetDiligence’s Cyber Risk Summit in Toronto. “The biggest misconception of our clients is, they think that if they get this one endorsement on their crime or […]
By Jason Contant | March 3, 2020
Canada gets a lot of snow. So why is it so difficult to find snowplow insurance in this country?
By Naomi Grosman | March 3, 2020
5 min read
While Quebec’s auto insurance model offers low bodily injury compensation amounts, it also limits the amount of fraud in the system, a Quebec broker told Canadian Underwriter Monday. In Quebec, the government’s Société de l’assurance automobile du Québec (SAAQ) pays compensation for bodily injuries, while private insurers handle vehicle damage. (A portion of licence renewals […]
4 min read
TORONTO – Police flouted a driver’s rights when they retrieved an electronic recording module from a car wreck days after a crash because they failed to get a search warrant or owner permission first, an Ontario judge has ruled. As a result, data indicating the driver was driving far above the speed limit just before […]
If a client is sued for alleged road rage in Ontario, is coverage for the legal defence the responsibility of the home insurer, auto insurer or both? This question could go to the Supreme Court of Canada if it agrees to hear an appeal from Pembridge Insurance Company of Canada. In 2013, a motorist was […]
By Greg Meckbach | March 2, 2020
Think your client is satisfied with how you handled their claim? Better get that in writing. Almost one year after sending a letter to B.C. homeowners confirming that their $232,000 home insurance claim had been closed, a B.C. insurance company learned indirectly that the homeowners were suing them over the very same claim. The homeowners […]
By David Gambrill | March 2, 2020
Canadians and insurers agree on one thing: Distracted driving is the biggest threat to safe roads. A recent survey by Rates.ca shows that 40% of Canadians think distracted driving is the top cause of car-related deaths, surpassing impaired driving at 33%. When asked to rank the top distractions while behind the wheel, texting (58%) was […]
By Adam Malik | February 28, 2020
2 min read
If you place commercial liability insurance for clients with supply chains outside of Canada, be sure and check out Friday’s Supreme Court of Canada ruling in Nevsun Resources Ltd. v. Araya. In its divided ruling, Canada’s top court ruled that Canadian firms can be sued in Canada for alleged breaches of “customary international law” by […]
By Greg Meckbach | February 28, 2020
ST. JOHN’S, N.L. – Newfoundland was gripped by another winter storm Friday, its 22nd of the season. Environment Canada issued advisories and winter storm warnings across the island this morning, mostly for blowing snow especially heavy in the morning that would reduce visibility throughout the day. Schools across the province delayed openings this morning and […]
By The Canadian Press | February 28, 2020
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