Claims
Some Alberta farmers are concerned about their crops after a late-summer snowfall blanketed parts of the province, with more flurries expected in the forecast. Early season snow can squash crops that grow upright, like wheat and barley, make them harder to harvest and decimate their quality, leaving farmers with a less valuable product. Greg Sears […]
By Jason Contant | September 18, 2018
3 min read
Recent data from Mitchell International seems to confirm what Canadian insurers have been saying: collision repair costs and severity potential is increasing. On Sept. 11, Mitchell released its Canada Collision Summary: Q2 2018 report. It includes Canada-specific data from body shops, independent appraisers and insurance personnel, “more accurately depicting insurance-paid loss activity, rather than consumer […]
By Jason Contant | September 17, 2018
2 min read
Recurring basement flooding means a homeowner’s property is worth about $35,000 less than it would otherwise be valued at for tax purposes, says an official from the board that hears Ontario property tax appeals. Sharon Latta owns a home near Grand Bend, about 70 kilometres northwest of London. The Municipal Property Assessment Corporation said her […]
By Greg Meckbach | September 17, 2018
Some insurance companies “want no part” of covering risks related to cannabis in Canada, an industry analyst warns. As of Oct. 17, it will be legal in Canada for adults to possess up to 30 grams of dried cannabis for recreational use. Currently cannabis is legal only for medical use. “There will always be issues […]
The Insurance Corporation of British Columbia (ICBC) has received more than 3,000 claims from two sulphuric acid spills in April and May, the public insurer said Wednesday. The Canadian Press reported mining company Teck Resources as saying two spills of sulphuric acid occurred on April 10 and May 23 along a busy commuter route in […]
By Jason Contant | September 16, 2018
Though it pays to be tech-savvy, one way commercial clients can manage risk is to learn to do without the Internet and payment card networks, a disaster restoration professional advises. In the event of a major storm, businesses need to be prepared to “not rely on any technology” such as the Internet and cellular phone […]
By Greg Meckbach | September 13, 2018
If your client makes or supplies beauty care products, they could face bodily injury lawsuits if certain chemicals are present. The “toxic trio” – dibutyl phthalate (DBP), toluene and formaldehyde – are contained in some nail varnishes, body lotions, fragrances hygiene products, Allianz Global Corporate and Specialty warned in a report released Wednesday. “DBP is […]
Nearly seven in 10 people polled in Newfoundland and Labrador support a cap on auto insurance payouts for minor injuries, Insurance Bureau of Canada (IBC) revealed in a new study. This week, IBC released the results of a public opinion poll that found 67% of the 400 polled residents support caps on payouts for minor […]
By Jason Contant | September 13, 2018
Although heavy rain soaked Torontonians during Monday’s morning rush hour, the storm won’t be a catastrophe event, insurance professionals told Canadian Underwriter. “As far as I’m concerned, the rainfall yesterday was a non-event from an insurance perspective,” Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR), said Tuesday in an interview. “There […]
By Jason Contant | September 12, 2018
As Newfoundland gets hit by the remnants of Tropical Storm Gordon and Hurricane Florence threatens the Carolinas, brokers can make a difference in advising homeowners what not to do as nasty weather approaches. “In Canada, there are not many hurricane-type storm events, however on the Atlantic coast and on the Pacific coast we do have […]
By Greg Meckbach | September 12, 2018
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