Claims
Editor’s Note: This version of the story clarifies that previous remarks attributed to Glen Hopkinson were not intended in any way to be interpreted as connected to the merger of AXA and XL Catlin. His remarks were intended to refer to open office concepts generally and not about any specific workplace. Flexible working conditions […]
By Canadian Underwriter | January 22, 2019
2 min read
Insurance company survival and relevancy will be big issues for the industry in the coming decade, predicts a P&C industry consultant. “We are facing somewhat of a crisis in that our industry is only picking up 32% of catastrophic losses last year,” said Phil Cook, who is also the CEO of Omega Insurance Holdings. “Put […]
By Jason Contant | January 21, 2019
A powerful winter storm that brought heavy rain and snow to much of Eastern and Central Canada closed schools, flooded streets, knocked out power and forced school buses to stay off the roads in many areas Monday as temperatures began to plummet. In Saint John, N.B., some streets were knee-deep in water as a result […]
By Greg Meckbach | January 21, 2019
3 min read
A $1.9-million surety bond claim has resulted in a landmark court decision in favour of The Guarantee Company of North America. A-1 Asphalt Maintenance Ltd. went bankrupt in 2014. At that time it was a contractor on four road-paving projects in Ontario. As a result of A-1 Asphalt’s bankruptcy, the Guarantee Company paid out nearly $1.9 […]
By Greg Meckbach | January 18, 2019
With recreational marijuana legal in Canada since Oct. 17, 2018, social hosts and bars will need to pay attention to liability arising from people who are intoxicated by both marijuana and alcohol. Traditional liquor liability cases can be complicated enough to determine fault, but the difficulty associated with testing for marijuana impairment makes determining liability […]
By Jason Contant | January 18, 2019
FREDERICTON – An intense winter storm is forecast to descend on the Maritimes on Sunday, and the New Brunswick government is warning residents to prepare for power outages. Environment Canada says a low-pressure system approaching from the southwest will track across the Bay of Fundy, dumping between 20 and 60 centimetres of snow across much […]
By The Canadian Press | January 18, 2019
1 min read
A B.C. driver has failed in his bid to receive a refund for his insurance premium increase and deductible after B.C.’s public auto insurer found him 100% responsible for failing to clear an intersection for an ambulance. A B.C. ambulance with lights flashing and sirens blaring slowed down in an intersection, before colliding with a […]
By David Gambrill | January 17, 2019
The industry lost nearly $2 billion last year in Canada alone from the combined effect of several weather catastrophes. “No single event caused the high amount paid out for losses,” the Insurance Bureau of Canada said Wednesday in a release. Instead, insurers lost $1.9 billion due to “significant losses from a host of smaller severe […]
By Greg Meckbach | January 17, 2019
A coast-to-coast study finds Canadians aren’t keeping up with the need to protect their homes against catastrophic events made more common by climate change. The study from the University of Waterloo points out that insurance claims from weather-driven problems like floods have more than quadrupled over the last decade – even after taking rising real […]
By The Canadian Press | January 17, 2019
The impact of climate change on roads and other crucial structures in Canada’s North is likely to be even greater than feared, says new detailed research. “These are greater impacts than anything I’m aware of,” said John Pomeroy, head of the University of Saskatchewan’s Global Water Futures program and lead author on a recently published […]
By Greg Meckbach | January 16, 2019
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