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Why Intact says an upward correction in auto rates could be imminent

April 1, 2021 by Greg Meckbach

Motorists could be hit with more premium increases once driving levels return to pre-pandemic levels, Intact Financial Corp. CEO Charles Brindamour suggests. During the early part of 2020, Canada’s auto insurers had a collective combined ratio in auto more than

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The biggest property risks for green energy

March 29, 2021 by Greg Meckbach

Floods, hail, fire, and lightning strikes are among the concerns for underwriters who insure green energy projects, an expert with RSA Canada says. And also, solar panel placement. Perhaps not many would link solar panel placement with flood risk, but

News ClaimsClaims CanadaLegislation / Regulation

Ontario budget highlights property flood risk

March 25, 2021 by Greg Meckbach

Insurers are applauding the Ontario government for its commitment to improve flood mapping and to provide more money for municipal water infrastructure, measures that the industry hopes will reduce the risk of water damage to insured properties. In a press

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Plaintiff loses right to sue after slip-and-fall on a sanded sidewalk

March 23, 2021 by Greg Meckbach

A recent Supreme Court of Canada decision means a slip-and-fall lawsuit against an Alberta school board is dismissed. Shortly before 9:00 a.m. on Jan. 17, 2013, Angelina Hannam slipped and fell on a sidewalk outside River Heights Elementary School in

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How vaccine rollout impacts commercial risk management

March 22, 2021 by Greg Meckbach

If your commercial clients are bringing more workers back into the office, risk managers might be curious as to whether returning workers have received any of their COVID-19 vaccine shots. But before your clients ask their employees about their vaccine

News ClaimsClaims CanadaInsuranceLegislation / RegulationRisk

What to tell clients when home insurer asks if property was previously a grow-op

March 18, 2021 by Greg Meckbach

Home insurance clients who move to a new property should have the premises inspected and let the insurer know if there are signs it has been used to grow cannabis. “If a home was a former cannabis grow-op, likely pipes

News ClaimsClaims CanadaInsuranceLegal

Why these B.C. strata owners didn’t have to pay the corporation’s $5,000 deductible

March 12, 2021 by Greg Meckbach

A British Columbia strata unit owner is not liable for their strata corporation’s $5,000 deductible on a property claim arising from a fire, the province’s civil resolution tribunal has ruled. Mei Sum Leung and David Leung own a strata unit

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Why home insurance was so profitable for Intact in 2020

March 11, 2021 by Greg Meckbach

The hard market in home insurance is helping Canada’s largest P&C insurer make a healthy profit. But insurers need to maintain pricing discipline in personal property because weather catastrophe costs are increasing over time, suggests the chief financial officer at

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Home insurer goes after ventilation unit manufacturers in subrogated fire claim

March 10, 2021 by Greg Meckbach

A subrogated claim arising from a Hamilton area home fire is raising the question of which equipment manufacturer, if any, is liable. In 2013, a fire caused extensive damage to the Ancaster, Ont., home of Mary Arlene and Rudolf Dosen.

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Intact’s take on UK business interruption test case

March 9, 2021 by Greg Meckbach

A recent British court ruling on business interruption does not change the economics of Intact Financial Corp.’s agreement to acquire a large part of London-based RSA, a senior Intact official confirmed Tuesday. In 2020, the Financial Conduct Authority brought eight

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Why dirt bike accident victim can get Ontario auto accident benefits

March 6, 2021 by Greg Meckbach

An Ontario claimant who suffered a severely disabling injury after falling off his dirt bike during a competition is entitled to accident benefits under his auto policy. This is the result of Beaudin v. Travelers Insurance Company of Canada, released

News CatastrophesClaimsClaims CanadaClimate ChangeReinsurance

Advice from the U.S.: Canada needs exit strategy from national flood

March 4, 2021 by Greg Meckbach

Canada needs to proceed with caution if it wants to establish a taxpayer-supported program to write flood insurance for high-risk homes, an American speaker warned the Canadian P&C industry during CatIQ Connect. “Be very careful with a federal flood insurance