Claims

Insurers urged to play a role in rebuilding economies after disasters

Insurers should be giving more thought to planning how to rebuild economies in the aftermath of a crisis, a reinsurance executive urges. “To my mind, what is often seemingly forgotten is the piece of economic resilience,” says Alex Kaplan, head of North America and senior vice president of Global Partnerships at Swiss Re. “The aftermath, […]

By David Gambrill | February 9, 2018

2 min read

Look for ICBC to ‘behave more like a private sector company’: IBC

With its cap on minor injury awards announced Tuesday, British Columbia’s government monopoly auto insurer is moving towards a model used by other provinces that have private auto insurance systems, Insurance Bureau of Canada says. Awards for pain and suffering for minor injuries in auto bodily injury lawsuits will be capped at $5,500 starting on […]

By Greg Meckbach | February 9, 2018

2 min read

Dispute erupts between Quebec and Ottawa over personal cultivation of pot plants

QUEBEC – Ottawa’s plan to legalize marijuana is causing a rift with Quebec over how many plants are allowed to be grown at home. The federal government’s bill allows Canadians to cultivate up to four pot plants, while Quebec doesn’t want its citizens to grow any. Quebec Government House Leader Jean-Marc Fournier said Thursday the […]

By The Canadian Press | February 9, 2018

1 min read

When drone damage could trigger a home insurance claim

When consumers fly unmanned aerial vehicles as a hobby, will their home insurance policies cover them for any lawsuits arising from property damage or personal injury caused by the drones? For the most part, aircraft is excluded in the wording of home insurance policies, Christina Polano, partner with Thomas Gold Pettingill, suggested to the 51st […]

By Greg Meckbach | February 8, 2018

2 min read