Topic
Claims
These types of businesses are in serious need of a cyber policy
May 28, 2020 by David GambrillWith ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved…
A new trend for BI coverage dispute lawsuits
May 28, 2020 by Greg MeckbachCommercial insurers who deny business interruption claims during COVID-19 could be sued by clients whose legal fees come from third-party litigation funding providers, an industry watcher suggests. “One thing that is happening now is a lot of insurance companies are…
Why insurers are investing more in this technology
May 27, 2020 by Adam MalikAccelerated drone usage by the insurance industry is another of the ripple effects that will come as a result of change thanks to the COVID-19 pandemic. The last few months have changed the way people and businesses interact due to…
Q&A: Business Continuity in the Digital Age
May 27, 2020 by David GambrillIn an age of social distancing, contactless claims resolution is an important part of preventing the spread of the novel coronavirus. Canadian Underwriter has talked to those in the claims industry about how to do their jobs safely in the…
Pyrrhic victory for Intact in faulty workmanship coverage dispute
May 27, 2020 by Greg MeckbachIntact Insurance has convinced an Alberta court that the “faulty workmanship” exclusion applies in a disputed commercial fire claim but the carrier still has to pay more than $600,000 to a bakery, mainly because the judge rejected Intact’s definition of…
Dry conditions in Nova Scotia fuelling three large wildfires
May 27, 2020 THE CANADIAN PRESSHALIFAX – Provincial officials in Nova Scotia are warning about the potential for forest fires in dry, humid conditions as firefighters battle three significant wildfires across the province. The fires burning Tuesday follow a weekend blaze near Porters Lake east…
Military reports ‘shocking’ conditions in Ontario nursing homes
May 27, 2020 Colin Perkel- THE CANADIAN PRESSTORONTO – A new report from the military helping battle COVID-19 in five long-term care facilities in Ontario has revealed extreme neglect and exposed the extent of the ugly conditions facing residents, prompting Prime Minister Justin Trudeau to offer help…
Opinion: How changes forced by pandemic are reducing litigation costs
May 26, 2020 Ari Krajden, Kawaguchi Krajden LLPIt has become common to say that we’re living through an unprecedented time. We’re also living in a time of great change that has been forced upon us. Some of these changes have been for the better — and have…
Q&A: Business Continuity in the Digital Age
May 26, 2020 by David GambrillMore than 3 million Canadians lost their jobs in March and April due to the business closures to reduce the spread of the novel coronavirus. An Angus Reid poll published in March suggested that 44% of Canadian households reported lost…
Why noxious gas release claims can be costly
May 26, 2020 by Greg MeckbachToxic gas leaks may not happen often in Canada but if it happens to your client, it can result in a large third-party liability claim, a managing general agent warns. A styrene gas leak from an LG Polymers in India…
How liability coverage limits determined what this bar owed in commercial host lawsuit
May 25, 2020 by Greg MeckbachA bar found 20% liable for an impaired driving accident has to pay two-thirds of the plaintiff’s legal costs and wound up paying double for damages what the at-fault motorist paid. Hummel v. Jantzi, released May 14 by the Ontario…
Pandemic insurance fraud: What to watch for…
May 25, 2020 by Greg MeckbachInflated auto towing and storage claims and arson are among the risks the industry faces from the economic downturn and social distancing arising from the pandemic, a fraud and data analytics expert warns. “A legitimate accident may happen and [a…