Claims
Brokers in Quebec should offer earthquake coverage on every new policy sold and carefully document customers' refusals to purchase such coverage.
By Ted Harman, President, Accent Insurance Solutions | October 4, 2016
5 min read
Chubb announced on Tuesday that its Integrity+ product is now available in Canada to help protect companies from errors and omissions (E&O) liability customer lawsuits alleging that their products or services caused privacy violations, intellectual property infringements or other financial injuries, including cyberattacks on their own systems, networks or data. Integrity+ is designed for the […]
By Canadian Underwriter | October 4, 2016
3 min read
As part of an earthquake preparedness campaign, the Insurance Bureau of Canada (IBC) is touring Quebec and will be inviting residents of participating cities to experience a unique sensation inside the ‘Quake Cottage,’ a mobile earthquake simulator. Starting Oct. 6, the Quake Cottage will travel through the province to give Quebecers a unique chance to […]
2 min read
The Insurance Bureau of Canada (IBC) has applauded the Government of Canada’s pan-Canadian approach to pricing carbon pollution. “IBC congratulates the government on today’s carbon pricing announcement,” IBC president and CEO Don Forgeron said in a statement on Monday. “Severe weather is already costing Canadian taxpayers hundreds of millions of dollars annually. This is an […]
Slow-moving Hurricane Matthew is forecast to make landfall on Haiti’s Tiburon Peninsula around midday on Tuesday as a Category 4 storm, according to the National Hurricane Center (NHC). As one of the most powerful North Atlantic hurricanes in recent history – briefly reaching Category 5 strength on Oct. 1 – Hurricane Matthew is the strongest […]
Intact Financial Corporation (IFC) has announced estimated catastrophe losses, net of reinsurance, of approximately $170 million on a pre-tax basis for the third quarter of 2016. The estimate equates to about $124 million or $0.95 per share for the quarter, IFC said in a press release on Monday. Severe weather conditions during the summer months […]
OTTAWA – Prime Minister Justin Trudeau has pre-empted climate change negotiations with Canada’s premiers, announcing that the federal government will impose a pan-Canadian floor price on carbon pollution. Trudeau revealed Monday his plan to reduce greenhouse gas emissions, starting in 2018 with a low carbon price of $10 per tonne that would rise by $10 […]
By The Canadian Press | October 3, 2016
WINDSOR, Ont. – Days after floods ripped through the southwestern Ontario city of Windsor and the neighbouring town of Tecumseh, residents are starting to pick up the pieces. Environment Canada said rain was pouring down in the communities from Wednesday night through Friday, and the mayors of both cities declared states of emergency. The rain […]
1 min read
In a ruling in favour of SGI and Galon Insurance Brokers, a Saskatchewan court found that a plaintiff knew, or should have known, that his decision to rent to tenants was material to the risk of insuring his home.
By Jennifer Pereira, Partner, Robertson Stromberg LLP. Robertson Stromberg is a member firm of The ARC Group of Canada, a network of independent law firms across Canada. | October 2, 2016
8 min read
Attendees of the 42nd Annual RIMS Canada Conference had the opportunity to learn about the most pressing (and persistent) risk management issues facing professionals, their partners and the industry itself. Common to all, though, is a need to get educated and be flexible for what may unfold in future.
By Angela Stelmakowich, Editor | October 2, 2016
7 min read
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