Claims
A $147-million reinsurance dispute involving Fort McMurray wildfire claims got off to a rocky start because the insurer and its reinsurers could not initially agree on the method of arbitration. At the heart of the matter was a broad reference to the arbitration process contained in a reinsurance agreement signed between the Alberta Motor Association […]
By David Gambrill | March 21, 2018
3 min read
Canadian reinsurers see the spread of catastrophe risk becoming increasingly concentrated in Alberta, where a population boom has led to unparalleled storm exposure.
By David Gambrill, Editor-in-Chief | March 21, 2018
2 min read
Six insurer examinations [IEs] turned out to be three too many, an Ontario tribunal has decided, allowing an accident benefits claimant to go ahead with her hearing despite her refusal to attend the insurer’s three additional IEs. “Three in-person examinations; one being at home, and two where the applicant had to travel to two different […]
By David Gambrill | March 20, 2018
A February storm that affected Brantford, Ont., as well as other areas of southwestern Ontario and Quebec, is estimated to have cost more than $57 million in insured damaged, Catastrophe Indices and Quantification Inc. (CatIQ) said Tuesday. Between Feb. 19 and 22, a slow-moving high-pressure system brought high temperatures and heavy rains to parts of […]
By Jason Contant | March 20, 2018
Out of sight, out of mind? That expression could be used to describe a recent Manitoba Public Insurance (MPI) fraud case in which a hunter, deep in the backwoods of the Interlake, was amazed to come across a car in the middle of the isolated bush. It was apparent the vehicle had been deliberately parked […]
WINNIPEG – A group that represents defence lawyers says some proposed laws aimed at cracking down on drivers distracted by hand-held electronic devices go too far. Manitoba and Ontario are two provinces planning to let police temporarily suspend the licences of drivers caught using hand-held cellphones and other equipment. The suspension would last three days […]
Munich Re, which spent over $4 billion in 2017 for three hurricanes alone, is not saying how many jobs – if any – it is cutting in Canada. Published reports Thursday quoted Munich Re officials as saying the German reinsurer plans to cut 900 jobs, about half of them outside of Germany. “There is no […]
By Greg Meckbach | March 19, 2018
Desjardins General Insurance Group (DGIG) will soon launch severe weather alerts allowing consumers to take pre-emptive steps to protect their property from potential damage. The move is indicative of a larger trend towards a preventative insurance model, as found in a recent Insurance Institute of Canada (IIC) report. Starting in May, Desjardins members and clients […]
By Jason Contant | March 19, 2018
The increasing intensity of storms that lead to massive power outages highlights the need for Canada’s electrical utilities to be more robust and innovative, climate change scientists say. “We need to plan to be more resilient in the face of the increasing chances of these events occurring,” University of New Brunswick climate change scientist Louise […]
4 min read
The science behind ‘Zombie Laws’ and their potential effect on the litigation of pedestrian collisions
By Adam Campbell, senior associate, human factors, 30 Forensic Engineering | March 19, 2018
5 min read
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