Claims
WILLIAMS LAKE, B.C. – Emergency officials in British Columbia’s southern Interior warn that devastating wildfires that charred thousands of square kilometres of timber and bush last year now have the potential to make seasonal flooding even more severe. The warning from the Cariboo Regional District comes as about 120 properties were ordered to evacuate Sunday […]
By The Canadian Press | May 3, 2018
3 min read
SAINT JOHN, N.B. – People were being urged to evacuate their homes Wednesday as rising floodwaters threatened to surpass record-setting water levels in areas along the Saint John River, with one fire chief warning residents: “This could get very uncomfortable.” Saint John Fire Chief Kevin Clifford said waters could rise to 6.6 metres above sea […]
By Jason Contant | May 2, 2018
5 min read
FREDERICTON – Floodwaters were expanding their reach Tuesday and washing through several communities along the Saint John River, stranding residents, soaking basements and making islands out of homes. “I see nothing but water,” Earl LeBlanc, a 76-year-old widower, said from Maugerville, about 20 minutes south of Fredericton. “It’s just a real mess.” Government officials said […]
By The Canadian Press | May 1, 2018
4 min read
The SEF 44 Family Protection Endorsement in Alberta’s standard auto policy provides accident benefits coverage for accidents that happen outside Canada, the Court of Queen’s Bench of Alberta ruled Monday. In Wage v. Canadian Direct Insurance, Leizle Wage was struck and killed by a motorcycle while vacationing in the Philippines. She and her husband had […]
By David Gambrill | May 1, 2018
A windstorm in early April is estimated to have cost insurers more than $85 million, mostly from home insurance claims in Ontario, according to Catastrophe Indices and Quantification Inc. (CatIQ). The April 4-5 storm brought severe rain and freezing rain, heavy snow and damaging winds to parts of Ontario and Quebec. Widespread wind damage was […]
By Jason Contant | April 30, 2018
Accident benefits claims arising from the April 23 tragedy in north Toronto could cost insurers millions of dollars, an insurance lawyer suggested Thursday. Eight women and two men were killed and at least 14 more injured Monday after a rental van deliberately rammed pedestrians on a stretch of Yonge Street near Finch Avenue. The driver […]
By Greg Meckbach | April 27, 2018
2 min read
Fluctuating loss ratios and an evolving mix of crops in Canada are two factors contributing to the difficulty in modelling crop risk in the country, AIR Worldwide said recently. Rebecca Arias, the catastrophe modelling firm’s product marketing manager, wrote in a blog earlier this week that the long term (1961-2016) average loss ratio in Saskatchewan […]
By Jason Contant | April 27, 2018
Machine learning is now able to analyze court decisions and predict how judges may respond in certain situations, based on an analysis of existing caselaw. Artificial intelligence technology is currently available to analyze tax and employment caselaw, but it’s easy to see how this could be relevant to the insurance space as well – particularly […]
By Jason Contant | April 26, 2018
FREDERICTON – Waters are rising in New Brunswick, and officials are warning residents to move their belongings to higher ground. New Brunswick’s Emergency Measures Organization says the St. John River is expected to reach flood stage this week in many communities, including Fredericton and Grand Lake. EMO director Greg MacCallum says people who live near […]
By The Canadian Press | April 26, 2018
1 min read
With the federal government aiming to legalize marijuana possession, insurers are looking for some assurances that the Cannabis Law will not lead to increased claims frequency and liability; this, in turn, relates to the ability of police to search vehicles and arrest people suspected of violating drug and alcohol laws. So insurers may be interested […]
By Greg Meckbach | April 25, 2018
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
