Claims
Rates for excess cyber insurance in Canada are on the rise. “In Canada, I would say what we are seeing is excess cyber insurers increasing rates,” Brian Rosenbaum, national director of the legal and research practice at Aon Risk Solutions, said in an interview Thursday. “If you are a bad risk from a cyber perspective […]
By Jason Contant | February 20, 2020
3 min read
Brokers are taught the principles of indemnity early in their training: Return the client to the same financial position they were in prior to the loss. But what about their clients’ mental well-being? Can the industry restore that to what it was before the loss? While that kind of question may never be answered, the […]
By Adam Malik | February 20, 2020
A company that had its commercial building destroyed in a 2011 fire is not entitled to a $3-million payment from Intact Insurance to replace the building, because the company did not rebuild within the two-year time limit specified in a settlement agreement, the Court of Appeal for Ontario has ruled. The complicated case essentially turned […]
By David Gambrill | February 20, 2020
4 min read
MONTREAL – Two people are confirmed dead in a crash that involved about 200 vehicles on Highway 15 in La Prairie south of Montreal, provincial police say. The confirmation came from the Surete du Quebec, which said the victims are two people who were trapped in the wreckage near a diesel spill. Whiteout conditions likely […]
2 min read
A January storm in southern Ontario and Quebec caused more than $95 million in insured damage, mostly from damage to personal property, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The majority ($81.6 million) of the insured damage occurred in Ontario, with $13.7 million occurring in Quebec, Insurance Bureau of Canada (IBC) reported […]
By Jason Contant | February 19, 2020
Faulty toilet supply lines, often the source of six- and seven-figure water claims, are leading to subrogated claims against manufacturers, installers and others involved in the supply chain leading to your clients’ washrooms. The way a toilet works is that sometimes a flex hose connects the water supply to the inside flap of the toilet […]
By Greg Meckbach | February 19, 2020
Based on Canada’s railway blockades, commercial clients that haven’t considered insurance coverage in the event of unforeseen disruption might be more keen to discuss their options going forward, according to industry experts. The ongoing railway blockades across the country – most notably in Tyendinaga Mohawk Territory near Belleville, Ont. – have forced a number of […]
By Adam Malik | February 19, 2020
The Boy Scouts of America urged victims to come forward Tuesday as the historic, 110-year-old organization filed for bankruptcy protection in the first step toward creating a huge compensation fund for potentially thousands of men who were molested as youngsters decades ago by scoutmasters or other leaders. The Scouts resorted to Chapter 11 in hopes […]
6 min read
Intact Insurance recently lost a subrogation case in B.C.’s small claims court because it couldn’t prove a cracked water bottle was the source of a water leak that caused $5,000 damage to the condo unit below. One moral of the story is that an expert witness may be required to prove damage caused by a […]
By David Gambrill | February 18, 2020
A defendant in a negligent parenting lawsuit cannot make a liability claim under the auto policy of the vehicle in which he and his daughter were riding as passengers. The Supreme Court of Canada announced Feb. 13 it will not hear an appeal from Bradley Hunt in a coverage dispute with Peel Mutual Insurance Company. […]
By Greg Meckbach | February 18, 2020
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