Claims
If a condo corporation enters your client’s unit to repair suspected flood damage but finds other hazards, can they complete those additional repairs instead and seek reimbursement from the unit owner? It would appear not, if the factors of the case are similar to those in a recent ruling from the Court of Appeal for […]
By Jason Contant | October 18, 2019
3 min read
WINNIPEG – More Manitoba residents saw their electricity restored Thursday – one week after a major snowstorm brought down power poles and transmission towers and delivered another wallop to farmers. Manitoba Hydro said some 6,500 homes and businesses remained without power, down from 9,000 Wednesday and 53,000 on Saturday. Most of the remaining outages are […]
Millennials aren’t necessarily job hoppers, but they don’t want to feel stuck. So if you want to keep your young, talented staff – and attract new ones – make sure you’re showing them how the insurance industry can offer stability and growth opportunities, experts advised. The upper end of the Millennial age group is pushing […]
By Adam Malik | October 17, 2019
If a restaurant loses business because it served meat from a batch later discovered to be unsafe, is the supplier of that meat liable, in tort, to the restaurant for its economic loss due to a tarnished reputation? That question is before the Supreme Court of Canada, which on Tuesday heard an appeal from several […]
By Greg Meckbach | October 17, 2019
5 min read
Higher-than normal levels on the Great Lakes are increasing water damage risk in Windsor, Ont., which was hit two years ago with flooding that cost the industry more than $100 million. “We are well above where we typically are for water elevations in Lake St. Clair and the Detroit River,” Andrew Dowie, executive initiatives coordinator […]
By Greg Meckbach | October 16, 2019
2 min read
An “unprecedented” snowstorm that resulted in a provincial state of emergency in Manitoba and left more than 100,000 hydro customers without power does not seem to be a significant event so far from a claims perspective. In the past week, a mix of heavy rain and snow fell across the southern and southeastern portions of […]
By Jason Contant | October 16, 2019
Talent shortage and keeping pace with change are two of the top issues facing claims professionals over the next three to five years, but that’s just the start of their concerns. Meeting policyholders’ service level expectations and the volatility of claims patterns are also on their radar. “When I think about service delivery … my […]
By Adam Malik | October 16, 2019
Starting next year, Axis Capital Holdings Ltd. will stop writing new insurance and facultative reinsurance for oil sands extraction and pipeline projects. Pembroke, Bermuda-based Axis writes commercial specialty and reinsurance. Its new thermal coal and oil sands underwriting and investment policy takes effect Jan. 1, Axis Capital said Wednesday in a release. “AXIS will not […]
CALGARY – The Alberta government is joining a class-action lawsuit to recoup health-care costs related to the opioid crisis, the province’s health minister said Tuesday. Tyler Shandro said there were almost 800 fatal overdoses and 4,200 emergency calls related to opioids in the province last year alone. “Albertans have paid a high price for the […]
The old saying “It’s what’s on the inside that counts” is something insurance leaders need to take to heart when trying to get young people interested in their company, experts told a recent conference. Plastering your company name on the side of a building on an attractive sign might be enough to catch the eye […]
By Adam Malik | October 15, 2019
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