Claims
Brokers who provide home warranty assuming it is not an insurance product could be mistaken if they try to argue this in court – especially if the warranty is written by a regulated insurer. National Home Warranty Group told the Alberta Court of Queen’s Bench that a limited construction warranty it provided (written by Aviva) […]
By Greg Meckbach | December 18, 2019
5 min read
A coverage dispute over pollution exclusions might bring two of Canada’s largest insurers before the Supreme Court of Canada. West Van Lions Gate Cleaners Ltd. has operated a dry cleaners in Vancouver since 1976. Until 1999 an automotive repair business was also at the same site. West Van Lions and its corporate owner were named […]
By Greg Meckbach | December 17, 2019
4 min read
FREDERICTON – Seven months after spring flooding left parts of New Brunswick badly damaged, the Canadian Red Cross has closed a temporary flood relief office in Fredericton. The organization says a total of 1,570 people registered for assistance after the floods. It says seven households are still getting help because of ongoing problems with property […]
By The Canadian Press | December 17, 2019
1 min read
More than half a million Ontarians receive some form of government disability support and an advocate for claimants suggests many of these are caused by motor vehicle accident injuries. “At the end of the day, unpaid claimants don’t just go away. They end up on public support,” said Rhona DesRoches, chair of the board of […]
By Greg Meckbach | December 16, 2019
3 min read
When pricing property coverage in the future, it’s time for the industry to ask itself: “How are we going to deal with changes in weather?” Historically, insurance products have been priced based on data and loss history, observes Ernest Mashingaidze, who was recently named a CIP Society’s National Leadership Award winner. But it doesn’t account […]
By Adam Malik | December 13, 2019
Policies that don’t specifically include or exclude cyber losses (“silent cyber”) have long been a concern of insurers, but you’d think a data breach loss would be covered by a cyber policy, right? Not always. The devil is sometimes in the details. Even cyber-specific policies are not always clear in their wordings, Swiss Re director […]
By Jason Contant | December 13, 2019
Here is a textbook example of how your cyber clients should not be managing their risks, according to Alberta’ auditor general. The province’s auditor red-flagged the example of Travel Alberta Corporation, a provincial agency that moved most of its software applications and information technology infrastructure to the cloud by 2016. Earlier this year, staff with […]
By Greg Meckbach | December 12, 2019
Lifemark Health Group (LHG) has acquired AssessMed, an independent medical examination services provider for auto insurers, as part of its strategy to diversify its medical assessment services across Canada. In particular, the acquisition allows LHG to broaden its assessment expertise in the medical legal community and expand its footprint in Quebec, LHG said in a […]
By Jason Contant | December 12, 2019
2 min read
Correction Notice: In an earlier version of this story, L&A Mutual was identified as the defendant’s insurer, which is the insurer identified in court documents. However, Aviva has since identified itself as the defendant’s insurer. When a driver is sued by an accident victim, a psychologist does not qualify as a “physician” under Ontario’s […]
Gone are the days of directors and officers insurance being put to the test due to guidance misses or financial misstatements. Nowadays, the biggest threats are coming from so-called “bad news” events like product recalls, disasters and cyberattacks. And the worst part? You never know when a bad news event will strike. That’s the biggest […]
By Adam Malik | December 11, 2019
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