Claims
A woman who fell in a North Vancouver supermarket after slipping in a puddle of spilled laundry soap is no longer employable and is entitled to $375,000 in compensation for loss of future capacity, a Supreme Court of British Columbia judge has ruled. The defendant, Loblaws Inc., had a detailed risk management plan at the […]
By Greg Meckbach | April 19, 2018
2 min read
A major flood of British Columbia’s Fraser River or a coastal flood between now and 2100 could trigger economic losses of between $20 billion and $30 billion, a recent flood strategy report found. Released in 2016, Phase 1 of the Lower Mainland Flood Management Strategy showed that there is a “significant risk” of a large-magnitude […]
By Jason Contant | April 18, 2018
3 min read
Directors and officers do not have to be flawless in their cyber security controls but need to come up with a cyber incident response plan and practice it on a regular basis, speakers told insurance professionals at a recent conference. “You need to assume you are going to be hacked,” Richard Nesbitt, chief executive officer […]
By Greg Meckbach | April 17, 2018
OLIVER, B.C. – Flooding across the British Columbia Interior has washed out roads and put homes on evacuation alert. The Ministry of Transportation says Highway 33 from the Mission Creek Bridge to Kelowna is closed in both directions due to a washout. Highway 3A north of Keremeos has also been closed in both directions due […]
By The Canadian Press | April 17, 2018
1 min read
Sedgwick Claims Management Services Inc. has completed its acquisition of Tampa, Fla.-based Cunningham Lindsey, Sedgwick announced Monday. Both Cunningham Lindsey and Memphis, Tenn.-based Sedgwick have offices in Canada. “The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with select exceptions—will move toward operating globally under the Sedgwick brand name,” Sedgwick said Monday. Vericlaim […]
By Greg Meckbach | April 16, 2018
Recent severe weather in Ontario, with six inches of ice pellets and winds exceeding gale force in some areas, will most likely be a CAT event, insurance companies report. But with rainfall warnings persisting Monday, one insurer reported more than two-thirds of claims are from water damage. Between Saturday and Monday morning, southern Ontario was […]
MCADAM, N.B. – Two years after a mysterious “swarm” of earthquakes rattled homes and nerves in a New Brunswick village, they’ve started up again. Earthquakes Canada has recorded 22 earthquakes in New Brunswick over the last 30 days, with most of those near McAdam, on the western edge of the province, near the border with […]
By Jason Contant | April 13, 2018
A company responsible for culvert maintenance is facing a lawsuit over the shutdown of a railway after an “unprecedented” summer rainfall event in northwestern Ontario. The case raises an issue about the appropriate size of culverts for contemporary rainstorms. For example, are culverts designed for one-in-25-year rainstorm events sufficient, or should they be designed for […]
By Greg Meckbach | April 13, 2018
The lack of standard wording for home overland flood insurance is not a bad thing, but Canadian brokers might soon have fewer wordings from which to choose, the head of Swiss Re Canada suggests. Overland flood coverage was generally unavailable in Canada home insurance until 2015. Now, depending on the insurer, there could be flood […]
By Greg Meckbach | April 12, 2018
Prompted by the emergence of new triggers, business interruption remains a top risk according to the 2017 Allianz Risk Barometer, which defines it as “a loss of income that could impair a company’s revenue stream and thus [trigger] a shortfall in covering the ongoing costs of doing business.” Given the nature of business interruption losses […]
By Jay Strano, Managing Director, Crawford Forensic Accounting Services | April 11, 2018
5 min read
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