Claims
Canada’s largest P&C insurer has suffered a setback in its quest to minimize vehicle storage fees. A recent Ontario court ruling means that, for the time being, Intact Insurance has to pay J.P. Towing Service & Storage Limited storage fees of $70 a day after Intact-insured vehicles are recovered after accidents. In 2012, Intact “took […]
By Greg Meckbach | May 16, 2019
3 min read
OTTAWA – Flood-ravaged provinces are asking the federal government to provide almost $138 million to move or buy out homeowners affected by previous years’ inundations, according to new data that gives a glimpse into the national costs of helping residents leave floodplains. Calculations based on previous experience suggest that the total cost of giving up […]
MONTREAL – The Canadian Forces will maintain soldiers in Quebec to remove sandbags and restore critical infrastructure in communities hit by flooding, Brig.-Gen. Jennie Carignan said Monday. And while flooding has largely stabilized or begun to subside, high water levels continue to threaten some communities in Quebec and neighbouring Ontario. The Forces have agreed to […]
By The Canadian Press | May 15, 2019
2 min read
Malicious insiders and malware attacks are costing Canadian companies. New research from global professional services company Accenture and data protection research firm Ponemon Institute pegged the average cost of cybercrime to a Canadian company at more than $12 million in 2018. Malware and people-based cyberattacks, like phishing and social engineering, were most to blame, according […]
By Adam Malik | May 13, 2019
KAMLOOPS, B.C. – The BC Wildfire Service has come through its busiest period of the young 2019 wildfire season, responding to several blazes, including one that prompted an evacuation order west of Prince George. Weather has been unseasonably warm in the province, but wildfire service spokesman Kevin Skrepnek said they believe fire conditions will improve. […]
By The Canadian Press | May 13, 2019
Total economic losses from the recent flooding in Ontario, Quebec and New Brunswick are expected minimally to reach into the hundreds of millions of dollars (U.S.), Aon’s latest catastrophe report said. The flooding event has already been declared a catastrophe event, meaning at least $25 million in insured damage, Catastrophe Indices and Quantification Inc. (CatIQ) […]
By Jason Contant | May 10, 2019
Water levels are expected to rise again this weekend between Ottawa and Montreal, even as New Brunswick’s floods are effectively over. Officials warned late Thursday that “significant” rainfall is expected to raise water levels in the Ottawa/Gatineau area down to Montreal, although they aren’t expected to exceed the previous highs of earlier this spring. Water […]
By The Canadian Press | May 10, 2019
VICTORIA, B.C. – Days after flames tore through a vacant hotel in Victoria, one man is still missing and smoke lingers, forcing the closure of city hall and several other businesses. The fire in the former Victoria Plaza Hotel has also forced the closure of Government Street, a main route through the city, while firefighters […]
By The Canadian Press | May 9, 2019
Employers should treat marijuana use in the workplace as they would alcohol use, a senior claims professional told Canadian Underwriter Monday. “All of the liability still exists,” said Heather Matthews, senior vice president of Crawford & Company (Canada)’s National Claims Management Centre. “As that employer, you are vicariously liable for your employee.” Matthews spoke to […]
By Jason Contant | May 9, 2019
A lawyer who represented the Insurance Bureau of Canada at the Supreme Court of Canada in impaired driving cases as been appointed to the bench. Stikeman Elliott LLP partner Nicholas McHaffie was named a Federal Court of Canada judge and a judge ex officio with the Federal Court of Appeal, the justice department announced May […]
By Greg Meckbach | May 9, 2019
4 min read
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