Claims
Despite the downturn in the oil and gas industry, claims costs are increasing, a speaker said on Thursday at the Canadian Risk and Insurance Education Forum. “I would suggest that in the upstream oil and gas industry – where most spills are concentrated – we think that claims costs are increasing by more than four […]
By Jason Contant | November 2, 2017
4 min read
Legislation mandating voice and video recorders in locomotives “needs to be better thought out” and it is not reasonable to deny shippers of toxic inhalation hazards access to a proposed long-haul rail interswitching mechanism, opposition members of parliament suggested this week. If Bill C-49 is passed into law, a “new mechanism called long-haul interswitching,” would […]
By Canadian Underwriter | November 2, 2017
Insured losses from California’s October wildfires now top US$3 billion – a three-fold increase in just two weeks – according to updated claims loss data from the California Department of Insurance. Fifteen major insurers reported the updated $3.32 billion estimate to Insurance Commissioner Dave Jones and the state insurance department said in a press release […]
3 min read
For both auto and non-auto policies, parties sometimes disagree over whether or not property losses or personal injuries are, ultimately, caused by use or operation of a vehicle.
By Daniel Strigberger Partner; and Andrew Mercer, Associate; Samis + Company | November 1, 2017
1 min read
Peace Hills Insurance announced on Wednesday that it has partnered with DAS Canada to offer legal expense insurance to homeowner, condo and tenant policyholders. Peace Hills Insurance said in a press release on Wednesday that the new Legal Expense Insurance coverage “provides policyholders with financial protection against significant legal expenses, and empowers them with unlimited […]
By Canadian Underwriter | November 1, 2017
2 min read
AUSTIN, Texas – Texas needs $61-plus billion in federal funding just to rebuild public infrastructure damaged by Hurricane Harvey, as well as to cover projects to prevent future flooding. John Sharp, Texas’ Harvey recovery “czar,” announced Tuesday that the figure was based on surveys of local officials and future U.S. Army Corps of Engineers proposals […]
By Jason Contant | November 1, 2017
Boston-based Berkshire Hathaway Specialty Insurance (BHSI) has announced the availability of a single excess policy that sits atop multiple first- and third-party insurance policies for contractors in the United States and Canada. The new policy provides excess follow form protection above multiple underlying coverages, including general liability, environmental liability, employer’s liability and professional liability, notes […]
What happens in Ontario when a tenant sues a landlord under the Occupiers’ Liability Act and it alleges disrepair in a residential apartment?
By Bruce Cook and Rachel Runge | November 1, 2017
5 min read
Losses from hurricanes Harvey, Irma, Maria (HIM) and the Mexico City earthquake contributed to Everest Re Group, Ltd. posting a US$639.4 million net loss for 2017 Q3 compared to net income of US$295.4 million for the prior-year quarter. For the quarter ended Sept. 30, 2017, catastrophe losses – net of reinstatement premiums – amounted to […]
By Canadian Underwriter | October 31, 2017
The Ontario auto insurance system needs to do more for claimants who are catastrophically injured and not rely so much on “competing opinions” among medical practitioners, a former chief executive officer of the workers compensation system suggested to brokers recently. “The real problem with catastrophic compensation in Ontario is that it stems from the fact […]
By Jason Contant | October 30, 2017
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