Claims

Canadian P&C industry researching the possibility of offering overland flood insurance

Canada’s property and casualty insurance industry is conducting research into the possibility of offering overland flood insurance, which is not currently available, as part of a homeowner’s policy. Panelists at the National Insurance Conference of Canada (NICC) in Montreal noted there is an important distinction between what consumers and insurers define as “flood.” Whereas insurance […]

September 30, 2010

3 min read

Current round of Ontario auto reforms not enough to bust out of the reform cycle: defence lawyer

Ontario is entering into yet another optimistic phase of its seemingly perpetual auto insurance reform cycle, but many within the insurance industry appear to want to break out of this cycle and build an altogether new model for auto insurance in the province. “You get initial optimism,” said defence lawyer Lee Samis, principal of Samis […]

September 30, 2010

3 min read

Dismantling a truck flatbed for parts is not an ordinary use of a vehicle: arbitrator

The family of a man who was crushed to death while dismantling a truck flatbed for parts is not entitled to benefits because he was not fatally injured in an “ordinary and well-known activity to which automobiles are put,” an Ontario arbitrator has ruled. The parents of the deceased, Floyd Clause, have an auto scrap […]

September 30, 2010

1 min read

Verification of Lightning Strikes Help Control Claim Costs

Insurance companies can now validate lightning strikes using the lightning strike data archive launched by The Weather Network. There are approximately 2.7 million lightning flashes responsible for more than $5 billion in total insurance industry losses annually. A single bolt of lighting can reach temperatures of up to 33,000 degrees Celsius, bringing with it the […]

By Kim Cockell | September 30, 2010

2 min read