Claims
Business Interruption Claims and the Start-up Enterprise
By Matt Mulholland, senior manager, Matson, Driscoll & Damico Ltd. | September 30, 2012
5 min read
Overcharging experts beware – no longer will the courts simply rubber stamp disbursements claimable against a losing party. While the courts have historically been relatively assertive in assessing legal fees, and in making sure that the time spent and the fees charged by counsel were reasonable; they have historically been relatively passive in their approach […]
By Darcy Merkur | September 30, 2012
4 min read
The Ontario Court of Appeal has found in favour of a woman claiming catastrophic impairment from her insurer, Aviva Canada, overturning a lower court’s decision. Pastore v. Aviva Canada Inc. concerns a woman who was injured after being hit by a car while walking in November 2002. Her left ankle was broken during the accident […]
By Canadian Underwriter | September 28, 2012
2 min read
Climate change and effects from carbon emissions are costing the world 1.6% of its annual gross domestic product, or about $1.2 trillion, a new report suggests. That will double to 3.2% by 2030 if the world fails to act on climate change, says the Climate Vulnerability Monitor report by non-profit DARA and the Climate Vulnerable […]
By Canadian Underwriter | September 27, 2012
1 min read
The general public can now have a virtual view of the Great Barrier Reef, as part of a climate change research project sponsored by specialty insurer and reinsurer Catlin Group Ltd. The Catlin Seaview Survey launched earlier this month off the Australian coast. The entire survey will include a series of undersea expeditions to study […]
Homeowner insurance claims costs in the United States have risen rapidly in the past 15 years, mainly because of increased severity and frequency of the claims, a new report suggests. Trends in Homeowners Insurance Claims, a study by the Insurance Research Council looked at claim trends both related and unrelated to catastrophic events between 1997 […]
By Canadian Underwriter | September 26, 2012
A Financial Services Commission of Ontario arbitrator recently found in favour of a claimant seeking payment for medical marijuana from her insurer, more than a decade after the original auto collision that caused her injuries. A FSCO arbitrator awarded $567.60 per month for medical marijuana costs, beginning March 27, 2007. The decision was made in […]
By Canadian Underwriter | September 25, 2012
The property and casualty (P&C) industry will continue to be hit hard by extreme weather events and needs to be proactive in their catastrophe modelling and industry dialogue about climate change, says one advocacy group. A September 2012 report from Ceres, Stormy Futures for U.S. Property/Casualty Insurers: The Growing Costs and Risks of Extreme Weather […]
By Canadian Underwriter | September 24, 2012
Climate Week NYC began Sept. 24, with reinsurance giant Swiss Re and the province of Quebec two major sponsors behind the event. Swiss Re is a founding sponsor of the global forum for businesses and governments to discuss tackling the major implications of climate change. Climate Week’s first event included speeches from former British prime […]
The United States and Canada have had billions of dollars of damages from wildfires, storms and a major hurricane, while South America and Oceania saw no major disasters in August, says an Aon Benfield report. In the company’s Global Catastrophe Recap for August, it suggests that claims from storm damages in the Calgary area will […]
By Canadian Underwriter | September 21, 2012
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