Claims
Risk managers who teach employees what suspicious email looks like can drastically reduce the risk of being hit with ransomware, a commercial insurer executive said Wednesday. Ransomware is when criminals hack into computer systems, encrypt files and demand a ransom from the computer owners to decrypt those files. A lot of ransomware comes with “emails […]
By Greg Meckbach | March 2, 2018
2 min read
With legalization of recreational marijuana use slated to take effect in Canada on July 1, 2018, challenge and change is on the horizon. But with change also comes great opportunity, not only for businesses and industries directly involved in the production and distribution of marijuana, but also in ancillary markets, including the insurance industry. Bill […]
By Jennifer Huneault and Jason Arcuri | March 2, 2018
5 min read
The second in our two-part series looking at structural problems in Ontario’s and BC’s auto insurance systems.
By Emily Atkins, Editor | March 1, 2018
8 min read
Judges in class action lawsuits involving privacy breaches are going to become “more accepting of the notion that you can get money for your inconvenience,” a lawyer said on Friday at NetDiligence’s Cyber Risk Summit in Toronto. Eric Dolden, a partner with Dolden Wallace Folick LLP, explained that typically a judge won’t certify a class […]
By Jason Contant | February 28, 2018
3 min read
Training home inspectors to assess properties for risk of basement flooding is the “most positive action” the industry can take to address the problem of flood-damaged homes, a conference speaker told insurance professionals Tuesday. A new course for home inspectors, specifically on assessing residential property flood risk, will be rolled out this September at 20 […]
By Greg Meckbach | February 28, 2018
Ongoing flooding issues in southern Ontario are a “wakeup call” that homeowners should be reviewing their water damage coverage, Insurance Bureau of Canada (IBC) cautions. Several communities, including Brantford, Chatham and London, experienced flooding due to mild temperatures and several days of heavy rain last week. Catastrophe Indices and Quantification Inc. (CatIQ) does not expect […]
By Greg Meckbach | February 27, 2018
Insurance professionals selling condo insurance might want to advise their self-styled handyman clients to consult an expert before taking on seemingly minor home alterations. A British Columbia strata lot owner is on the hook for more than $8,000 after accidentally drilling a hole into a pipe when trying to mount a television. In June 2016, […]
By Canadian Underwriter | February 26, 2018
An insurer in an accident benefits case has obtained a court order requiring a claimant to turn over the discovery transcript in a related long-term disability (LTD) claim arising from the same accident. Ontario’s rules for handling auto accident benefits cases do not “prohibit the use, for any purpose, of evidence that is given or […]
By David Gambrill | February 26, 2018
TORONTO – A proposed Canadian class action that alleged secret cost-saving design changes made to a highway safety guardrail had in fact turned the barrier into a potentially lethal spear has been settled, court documents show. This week’s settlement of the $500-million action filed by the city of Stratford, Ont., in February 2015 will see […]
By Jason Contant | February 26, 2018
Ontario auto insurance policies will have to cover a much wider scope of risk if the Supreme Court of Canada does not overturn a recent court ruling against Aviva Canada, Aviva’s lawyer argues. In Dittmann v. Aviva Insurance Company of Canada, Erin Dittmann suffered serious burns after dropping coffee on herself after buying the hot drink […]
By Greg Meckbach | February 23, 2018
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