Claims
Territorial ratings have prompted some Ontario motorists to lie about where they live on their applications in order to get a lower auto insurance rate, so brokers need to caution clients on the importance of telling the truth, a local broker association director warns. Insurers recognize that drivers filling out an insurance application may be […]
By Greg Meckbach | May 30, 2018
2 min read
Federally regulated Canadian property and casualty insurers have paid out $535 million more in auto claims during the first quarter of 2018 than they did during the same period last year, according to financial results posted by Canada’s solvency regulator. Net incurred claims costs in the auto line increased 16.4% in 2018 Q1, according to […]
By David Gambrill | May 30, 2018
Given recent flooding in Grand Forks and other areas of B.C., questions remain about the interplay between overland flood policies and how Disaster Financial Assistance (DFA) in B.C. factors into the response. Various insurance coverages for overland flood are new, and do raise some questions about whether B.C. residents are eligible to apply to the […]
By Jason Contant | May 29, 2018
3 min read
The Court of Appeal of Alberta has ruled that motorists who claim to be hit by unidentified vehicles must prove that there was “physical contact,” and produce some kind of corroborating evidence of the involvement of an unknown vehicle. The decision overturned a lower court ruling that The Family Protection Endorsement under Alberta’s auto insurance […]
By Greg Meckbach | May 29, 2018
Vancouver Mayor Gregor Robertson says the city has filed a federal court claim against the owner of a vessel that spilled fuel into English Bay in 2015, as part of the city’s continuing effort to get compensation for its response efforts. Robertson says three years after the MV Marathassa spilled 2,700 litres of bunker fuel […]
Nearly half of customers polled for an Insurance Corporation of British Columbia (ICBC) survey believed that committing auto insurance fraud is an “accepted practice” in B.C., with most saying that claims contain an “element” of fraud. The survey of 1,373 respondents, released late last week, found that 47% of customers felt that committing auto insurance […]
By Jason Contant | May 28, 2018
Winter tires reduce the frequency of auto insurance claims, the head of the Canadian Automobile Association’s Ontario auto insurer suggested Wednesday. “Claims are reduced when people have winter tires on their cars, especially driving in climates like we have in Ontario,” CAA Insurance president Matthew Turak said Wednesday during a press conference at Toronto Union […]
By Greg Meckbach | May 28, 2018
TORONTO – Two of Canada’s biggest banks are warning that “fraudsters” may have accessed certain personal and financial information from some customers. The Bank of Montreal said fraudsters contacted the bank on Sunday claiming to be in possession of certain data for a “limited number of customers” and it believes the attack was originated outside […]
By The Canadian Press | May 28, 2018
Restaurant operators face minimal liability risk when customers are injured in bombing attacks, but the risk is extremely low if the attacks are unforeseen and the company does what is “reasonable under the circumstances” to manage risk, an insurance defence lawyer says. Fifteen people were injured Thursday when an improvised explosive device (IED) detonated at […]
KAMLOOPS, B.C. – Members of the public are no longer allowed in the area around Allie Lake, B.C., where one of the first large wildfires of the 2018 season is blazing out of control. The B.C. Wildfire Service has issued an area restriction on nearby Crown land to protect the public and ensure the safety […]
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