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A police officer at a car accident scene.
News ClaimsClaims CanadaInsuranceLegal

$200K liability limit triggered in suicidal driver’s auto policy

May 4, 2022 by David Gambrill

Third-party drivers injured in an accident caused by the criminal action of a suicidal driver cannot claim more than the minimum $200,000 liability limit in the suicidal driver’s policy because of a public policy rule enshrined in the New Brunswick

a silver cars front bumper has collided with a darker cars back bumper. Both cars have damage.
News BrokersClaimsClaims CanadaInsurance

Auto insurance caught in a political cross-fire

April 20, 2022 by Alyssa DiSabatino

Alberta’s insurance industry saw a claims ratio of 77% for auto in 2020. While this is an improvement from 2016’s claims ratio of 87%, it still poses challenges for the industry, one industry rep notes.   Despite signs the province’s

City taxi at night
News ClaimsClaims CanadaLegalLegislation / Regulation

Cabbie assaulted while chasing fare outside taxi is not involved in an “auto accident”

April 19, 2022 by David Gambrill

A taxi driver who was severely beaten by a passenger, after the driver walked 40-to-50 steps away from his running taxi to collect a fare, was not involved in an insurable “auto accident,” the Ontario Superior Court has confirmed. The

Exterior of luxury house
News BrokersClaimsClaims CanadaConstructionInsuranceMarkets / CoveragesRestoration

Proposal to end real estate bidding wars could affect P&C insurers

April 19, 2022 Philip Porado

Cracking down on factors contributing to home-price escalation is a major component of the Apr. 7 federal budget document. If successful, they could affect insurers’ ability to control reconstruction costs and other claims impacts for their insureds. Proposed budget actions

Auto accident damage at intersection.
News BrokersClaimsClaims CanadaInsuranceLegislation / RegulationMarkets / Coverages

A car crashes in Ontario: Why Canadian auto insurers pay attention

April 13, 2022 Daniel Strigberger

People love to visit Ontario. Unfortunately, some of them get into car accidents. Why should a visitor’s auto insurer care about accidents in Ontario? Because when a non-resident is involved in an auto accident in the province, their insurers will

Nuclear power plant after sunset. Dusk landscape with big chimneys.
News ClaimsClaims CanadaCommercial LinesInsuranceLegalMarkets / CoveragesRisk

How Canada’s top court just bolstered pandemic BI exclusions

April 1, 2022 by David Gambrill

Canada’s top court has dismissed the appeal in a nuclear reactor case that trial lawyers might have used as a precedent to challenge the physical damage policy exclusions found in many pandemic-related business interruption insurance cases. As is customary, the

Rain and hail flows down from a black roof.
News Claims CanadaClimate ChangeMarkets / CoveragesProductsRisk

How to reduce hail damage costs

March 28, 2022 by Alyssa DiSabatino

One way homeowners and insurers can reduce annual hail damage is to use impact-resistant asphalt shingle roofs instead of standard shingles, finds a new report.     A new Institute for Catastrophic Loss Reduction benefit-cost analysis report shows annual hail

Rural family home fully engulfed in flames.
News ClaimsClaims CanadaInsuranceLegal

Why this home insurer wasn’t allowed to use a replacement cost overpayment to set off a contents claim

March 17, 2022 by David Gambrill

A home insurer lost its bid to set off a contents claim using the difference between the Guaranteed Replacement Cost (GRC) and the depreciated value of a home that was rebuilt after a fire. The Ontario Superior Court allowed this

Digital skull and crossbones implying ransomware.
News ClaimsClaims CanadaInsuranceRiskTechnology

How insurers are rethinking ransom coverage

March 15, 2022 Jason Contant

Ransomware has long been a thorn in the side for insurers, particularly in recent years. And, although the market will continue to see rate changes in reaction to ransomware losses over the next year, “insurers will be equally focused on

Road damaged by earthquake
News Claims CanadaClimate ChangeInsuranceReinsuranceRisk

What if the disaster models are wrong?

March 14, 2022 Canadian Underwriter Staff

For nearly a quarter century, the Office of the Superintendent of Financial Institutions (OSFI) has required Canadian P&C carriers to demonstrate capacity for handling major earthquakes, including so-called one-in-500 year events. Canada’s P&C industry is well capitalized and backed by

Sculpture of Themis, mythological
News ClaimsClaims CanadaCommercial LinesInsuranceLegal

Where insurers are at with Canadian pandemic BI litigation

March 9, 2022 by David Gambrill

Canadian courts are dealing with pandemic business interruption (BI) cases at a glacial pace compared to those in the U.K. and the United States, prompting some legal observers to call for judicial reform. “As the pandemic extends into its third

Pain in all joints-conceptual artwork-3d Illustration
News ClaimsClaims CanadaInsuranceLegalLegislation / Regulation

You must show more than pain to claim a non-earner benefit

February 23, 2022 by David Gambrill

It’s a long-held proposition that auto insurance is supposed to restore an injured driver to their pre-accident state of health — but what if that state was one of chronic pain following 15 years of being injured in a prior