Claims
Clients shopping for cyber insurance today can choose from among far more carriers than they could a few years ago, because it’s such a profitable line of business. However, one reason cyber is more profitable than other lines of coverage is that the insurance industry has yet to experience a cataclysmic cyber event — one […]
By Greg Meckbach | January 31, 2019
3 min read
A motorcyclist who tried to sue his insurer for renewing his policy and deducting money from his account will not have his case heard before the Supreme Court of Canada. The top court announced Jan. 31 it has turned down an application from Oliver Bajor to hear an appeal of an Ontario court ruling in […]
2 min read
A winter storm that dumped nearly a foot of snow on Toronto and surrounding areas over a 24-hour period has also caused hundreds of collisions. From a claims perspective, there has not been a “significant increase” in claim activity, one large adjusting firm said. “With that being said, within our ClaimsALERT Contact Centre, we have […]
By Jason Contant | January 30, 2019
The claims industry in Canada has to be wary about complicating the claims process by putting a “human process” in place where one is not needed, speakers said last week at the Ontario Insurance Adjusters Association’s 2019 Claims Conference in Toronto. Think about Health Claims for Auto Insurance, an electronic system for transmitting auto insurance […]
An online version of the Home Flood Risk Assessment Training will be available Canada-wide this March, Blair Feltmate, head of the Intact Centre on Climate Adaptation, said in a recent interview. The course is geared towards insurance brokers, home inspectors, adjusters, real estate agents, landscape designers and renovation professionals. A classroom version of Home Flood […]
By Greg Meckbach | January 30, 2019
CALGARY – The Alberta government has now acquired one fifth of the land it needs for a controversial reservoir west of Calgary that would help protect the city from another massive flood. Transportation Minister Brian Mason said Tuesday the province bought two square kilometres of land from the Robinson family, which has a cattle ranch […]
Properly constructed and worded waivers will be upheld in court, with one commercial and insurance lawyer strongly recommending their continued use. “There are policies and procedures and ways to draft agreements where I promise you the waivers will be upheld,” said Ian Gold, a founding partner of Thomas Gold Pettingill LLP. “There’s a way to […]
By Jason Contant | January 29, 2019
Adjusters who want to improve service for claimants could take a few pointers from companies outside the insurance industry. “When I look at customers today, their entire experience of how they want to be dealt with has been shaped outside of insurance,” said Monica Kuzyk, vice president of Curo Claims Services and past president of the […]
By Greg Meckbach | January 29, 2019
A dispute over what exactly constitutes a “household” in a home insurance policy has reached the Court of Appeal for Ontario. Several members of the Weiner family were sued after a person drowned in 2010 in a vacation home on Lake Eugenia, about 70 kilometres west of Barrie. The homeowner was Enid Weiner, who had […]
Federal, provincial and territorial (FPT) governments could “engage the private sector to develop an affordable private flood insurance model for the entire population, including clear incentives for mitigation of flood risks,” says a newly released emergency management strategy. Ministers have invited the Insurance Bureau of Canada (IBC) to continue to work with FPT officials through […]
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