Claims

Health of Canadian fishing industry and marine claims are correlated: RSA

RSA and the World Wildlife Fund (WWF) are working together to help create a network of Marine Protection Areas (MPAs) in order to protect fish stocks and coastal communities’ livelihoods.In a global report on emerging environmental risks, RSA notes a correlation between the health of the Canadian fishing industry and the number of marine insurance […]

By Canadian Underwriter | June 9, 2010

1 min read

Tornado damage in Leamington, Ontario could run into “tens of millions of dollars”: former IBC president

Stanley Griffin, a former president and CEO of the Insurance Bureau of Canada (IBC), suggests the damage caused by an F1 tornado that hit his hometown of Leamington, Ontario on June 7 might run into “tens of millions of dollars.”No official estimates are available yet, as the number of claims has yet to be tallied.Griffin […]

By Canadian Underwriter | June 8, 2010

2 min read

All-risk property exclusion does not apply to all forms of settling: Alberta court

It is illogical to think the insurer of an all-risk property insurance policy would intend to exclude damage to a building resulting from any kind of “settling,” regardless of how that settling was caused, according to the Alberta Court of Appeal. In Engle Estate v. Aviva Insurance Company, the plaintiff sued its all-risk property insurer […]

By Canadian Underwriter | June 8, 2010

1 min read

Cedents advised to get reinsurers’ blessing when settling class action claims

Primary insurers should make sure they get the blessing of their reinsurers when attempting to resolve class action claims, according to Mark Lichty, partner at Blaney McMurtry LLP. Lichty was speaking at the Canadian Defence Lawyers Annual Meeting & Conference, The Alchemy of Advocacy, in Toronto. This issue is now arising with much greater frequency, […]

By Canadian Underwriter | June 8, 2010

1 min read