Claims
If an injured cyclist in an auto liability action declares feeling better after treatment, takes a year off work, and then feels debilitating back pain after returning to work three years after the accident, does the two-year statute of limitations apply to the cyclist’s claim for lost income? No, the Ontario Superior Court of Justice […]
By David Gambrill | March 12, 2019
3 min read
TORONTO – Honda is recalling about 1.2 million vehicles in North and Central America because their Takata air bag inflators can explode and send shrapnel into the passenger compartment. The recall affects 83,977 vehicles in Canada and includes many Honda and Acura models from as far back as 2001 and as recent as 2010. Transport […]
By The Canadian Press | March 12, 2019
1 min read
Perhaps you have noticed something different lately about some of the course materials for your Chartered Insurance Professional (CIP) designation? If you open up your new textbook for the CIP course, Underwriting Essentials, for example, you will notice something new – pictures. And colour. And graphics. And practical case studies that can help you solve […]
2 min read
The world’s second-largest reinsurer is looking for partners in the artificial intelligence space to help the reinsurer get a better idea of how much insured damage future wildfires could cause. Swiss Re is working with the Massachusetts Institute of technology to analyze several years of satellite images, the reinsurer said in a recently-released paper, Wildfire […]
By Greg Meckbach | March 8, 2019
For insurance professionals who put together renewal packages, some mistakes are worse than others. A case in point is sending a “quality package” that refers to a different kind of policy, rather than the policy you are renewing for the client. Westland Insurance Company Limited apparently made this mistake in 2016, when it sent a […]
By Greg Meckbach | March 7, 2019
ABBOTSFORD, B.C. – The BC Coroners Service confirms one person has died in an apartment fire in Abbotsford. Coroners service spokesman Andy Watson says a woman in her 60s died in the blaze that broke out about 10:30 p.m. Wednesday. Abbotsford Police Sgt. Judy Bird says firefighters arrived to find two units of the building […]
A winter storm in late January that brought snowfall, freezing rain, rain and strong winds to eastern Canada caused over $39 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ). Most of the damage occurred on Jan. 24 in Quebec, New Brunswick and Nova Scotia, and was caused by flooding and strong […]
By Jason Contant | March 6, 2019
If your client owns or manages a property, can it put a number on the slipperiness of the surfaces? This is what companies managing an Ottawa property did after they were sued for $2.9 million by a civil servant who slipped 11 years ago on the kitchen floor of her workplace. Moira Caron, a former […]
By Greg Meckbach | March 6, 2019
The Ontario government wants to hear from insurance companies on the controversial joint and several liability rule, which some say is unfair to deep pockets defendants. “What we are looking for is consultation with the lawyers, the insurance industry, et cetera – as to how we can make the system fairer and those consultations will […]
By Greg Meckbach | March 5, 2019
Artificial intelligence will become a “big time saver” for claims adjusters and will eventually allow the industry to save billions a year in costs, one researcher says. For auto claims, insurers are already using AI to make recommendations on whether damaged vehicles should be repaired or scrapped, said Nick Maynard, a senior analyst for Juniper […]
By Greg Meckbach | March 4, 2019
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