Claims
Engineered construction like a drainage route can directly affect whether or not a specific building or home is in harm’s way for stormwater flooding, the Institute for Catastrophe Loss Reduction’s (ICLR) director of research told Canadian Underwriter on Monday. Dan Sandink was discussing stormwater flood modelling in advance of ICLR’s Urban Rainfall: Assessing Climate Change […]
By Jason Contant | January 22, 2018
2 min read
If an insurer changes course midway through a claim — offering coverage, for example, when that coverage was previously denied — it will need to clarify that its change of position does not constitute an offer to settle before taking further steps to resolve the claim. In a recent Ontario case, Graves v. Intact Insurance […]
By David Gambrill | January 19, 2018
3 min read
Business interruption will be the top risk for companies in Canada this year, according to Allianz Global Corporate & Specialty’s (AGCS) Allianz Risk Barometer 2018. “Business interruption (BI) can be a consequence of many of the other risks identified in the risk barometer,” noted Ulrich Kadow, CEO of Allianz Global Corporate & Specialty (AGCS) Canada. […]
By Jason Contant | January 19, 2018
Canada’s top court has been asked to review a case involving the vicarious liability of a taxi company when a passenger sues the driver alleging sexual assault. In 2015, a woman filed a civil lawsuit against Kitchener-based United Taxi Limited after complaining that a taxi driver sexually assaulted her. The lawsuit also named the cab […]
By Greg Meckbach | January 19, 2018
A $40,000 award in a personal injury auto lawsuit has been cut down to zero because the plaintiff received Canada Pension Plan disability payments as a result of her injuries. Shirley Tibbetts was riding her motorcycle in Northern Antigonish County, N.S. in 2011 when she collided with an oncoming truck driven by Reginald Murphy. Tibbets […]
By Greg Meckbach | January 17, 2018
California-based Lyft is coming to Canada. Has the industry learned from Uber?
By Jason Contant, Online Editor | January 17, 2018
A winter storm that caused storm surges and extensive power outages in Atlantic Canada in early January may not have been a catastrophe event, but it was definitely significant, Catastrophe Indices and Quantification Inc. (CatIQ) told Canadian Underwriter Monday. CatIQ classified the storm as “notable event,” meaning that it did not meet a catastrophe threshold […]
By Jason Contant | January 16, 2018
Insurance rates will rise in Canada this year unless catastrophe losses are lower than normal, a speaker suggested to industry professionals Tuesday. “I do expect that as this year unfolds, unless we have a very benign 2018, we do expect there will be some rate change and increase at the primary level [in Canada] going […]
By Greg Meckbach | January 16, 2018
Which (re)insurers absorbed the bulk of the insured damages when Hurricanes Harvey, Irma and Maria ripped through the Caribbean and continental United States in 2017 Q3? A.M. Best compiled a list of 41 insurers and reinsurers who paid out more than $100 million in damage claims arising from the hurricanes (all figures U.S.). For some […]
By David Gambrill | January 15, 2018
Grant S. Dunlop, Q.C., a partner at Ogilvie LLP, has been appointed a justice of the Court of Queen’s Bench of Alberta in Edmonton. Dunlop maintained a litigation practice that specialized in directors’ and officers’ liability, employment, construction, banking regulation, professional liability, estates, patents, public utilities, schools, elections, and airports. In addition, he drafted agreements […]
By Jason Contant | January 15, 2018
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