Claims
TORONTO – A proposed class action lawsuit has been filed against medical services company LifeLabs over a data breach that allowed hackers to access the personal information of up to 15 million customers. In an unproven statement of claim filed in Ontario Superior Court on Dec. 27, lawyers Peter Waldmann and Andrew Stein accuse LifeLabs […]
By The Canadian Press | January 3, 2020
3 min read
Reinsurance renewals at Jan. 1, 2020 reflected an “asymmetrical” market, featuring a mixed bag of rate increases or decreases (depending on the specific business line or territory), as well as significant rate increases in the retrocession markets, according to Guy Carpenter & Company. The global risk and reinsurance specialist released its assessment of reinsurance market […]
By David Gambrill | January 2, 2020
2 min read
The Hartford has added its name to the list of insurers who will not write new business in Canada’s oil sands. Connecticut-based Hartford Financial Services Group Inc. announced Dec. 20 it will stop insuring companies that generate more than 25% of revenues directly from extracting of oil from the oil sands, though it is making […]
By Greg Meckbach | January 2, 2020
4 min read
VANCOUVER – Another wicked winter storm is set to churn across most of British Columbia, dumping heavy rain on Metro Vancouver, parts of Vancouver Island and the central and inner south coasts, while bringing snow, wind or freezing rain to other regions. Environment Canada has posted warnings or special weather statements for much of central […]
By The Canadian Press | January 2, 2020
Catastrophes have hit Canadian P&C adjusters hard, causing many to wonder if the industry has the capacity to handle increasing workloads. Why adjusters see sunnier times ahead
By Adam Malik, Managing Editor | January 1, 2020
8 min read
An elderly resident losing a slip-and-fall claim against her retirement home doesn't have to pay legal costs because of the insurer’s legal strategy.
By David Gambrill | December 31, 2019
Silvy Wright, President, CEO, Northbridge Financial Corporation The industry’s top priority should be helping our customers effectively navigate volatile market conditions. The challenges being faced in both commercial and personal lines are considerable, from rising auto repair costs, required auto insurance reforms across the country, deteriorating property results, to the growing number of severe weather […]
December 27, 2019
1 min read
Businesses large and small need all types of insurance coverage, and Santa’s elf workshop is no exception. Below are some of Santa’s top North Pole policies (condensed from a recent infographic from specialist insurer CFC Underwriting):
By Jason Contant | December 23, 2019
In the last year, Aviva Canada has handled thousands of property and auto claims, including a few quirky and unusual ones. Here are some of the quirkiest: Aviva Canada reported that it paid 99% of its claims in 2018, meaning that in 2018 it paid 256,367 customer claims worth more than $2.7 billion (data calculated […]
Tragedies, mishaps and financial disasters often lead to court disputes, resulting in rulings from judges. Sometimes judges disagree with one another and appeals get filed with higher courts, but the end results often provide lessons for the industry. Here are five key rulings from Canadian courts in 2019. Ontario Corporation Number 1009329 (Enterprise Rent-A-Car) v. […]
By Greg Meckbach | December 20, 2019
11 min read
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