Topic
Claims
Is it time for a new approach to systemic cyber?
November 10, 2023 by Jason ContantSystemic cyber risk needs to be tackled with more capacity and ways of dealing with the attritional cyber market, Marc Lipman, president and attorney-in-fact at Lloyd’s Canada, suggested during an industry event last month. “Just like there developed a traditional,…
11 people sent to hospital after school bus crashes into B.C. home
November 10, 2023 The Canadian PressBURNABY, B.C. – Adrian Striga says that if he had slept in Thursday morning, it could have cost him his life. Instead, the carpenter was at work when a private school bus crashed through the window of his Burnaby apartment…
Business owners lack cyber insurance knowledge: survey
November 9, 2023 by David GambrillOne out of every five Canadian businesses surveyed said they don’t know enough about cyber insurance, suggesting an open window for brokers and insurers to provide educational support, a new cyber survey from Travelers Canada suggests. “I think what the…
Quebec mayor, 23, resigns mid-mandate due to burnout from managing wildfires
November 9, 2023 The Canadian PressCHAPAIS, Que. – One of Quebec’s youngest mayors announced Wednesday she will be stepping down next week, suffering the effects of burnout from handling last summer’s historic wildfire season in her northern community. Isabelle Lessard was acclaimed in 2021 as…
Why hay barn fires catch insurers’ attention
November 9, 2023 by Jason ContantThe massive amount of water and firefighting resources required to put out hay barn fires is just one reason why these blazes are so stubborn, an industry professional said at the Farm Fire Summit last week. A multi-million-dollar hay barn…
Does your client know their car is at a high risk for theft?
November 7, 2023 by Alyssa DiSabatinoCanada’s P&C insurance industry is urging drivers to lower their own risk while it contends with high auto theft losses across the country. The problem is, 40% of drivers don’t know if they’re driving a high-risk vehicle, according to a…
GRC policies do not cover increased compliance costs: Appeal Court
November 7, 2023 by David GambrillA Guaranteed Replacement Cost (GRC) home insurance policy does not provide coverage for increased regulatory compliance costs required for the rebuild, the Court of Appeal for Ontario has ruled, thus reversing a lower court decision last October that found otherwise.…
How to tame increasingly ferocious NatCats
November 6, 2023 David GambrillEscalating natural catastrophe losses are top of mind for specialty insurers in several different commercial lines, most notably property, said Jeff Coulson, director of claims for commercial specialty at Echelon Insurance. There were 15 declared Cats (events causing insured claims…
CIAA announces new president
November 3, 2023 by Alyssa DiSabatinoThe Canadian Independent Adjusters’ Association (CIAA) has announced Maria Joshua as its new president. Joshua is vice president, quality assurance and training with Sedgwick Canada. She has more than 10 years’ experience at Sedgwick and more than 35 years’…
Why Ontario thinks auto theft needs a federal approach
November 3, 2023 by Jason ContantOntario’s provincial government is urging a federal and multi-jurisdictional approach to combat auto theft in Canada. In its 2023 Fall Economic Statement released Thursday, the government called for the Canada Border Services Agency, RCMP, Montreal and Halifax port authorities, as…
Tarantula blamed for crash that sent Canadian motorcyclist to the hospital
November 3, 2023 The Associated PressDEATH VALLEY, Calif. (AP) – A tarantula crossing the road in Death Valley National Park caused a traffic crash that sent a Canadian motorcyclist to the hospital, the National Park Service said. Swiss travelers, driving a rented camper van, braked…
Will building code changes affect farm fire severity?
November 2, 2023 by Jason ContantWith changes from the National Building Code of Canada (NBC) in the process of becoming law in Ontario next spring, farm insurance experts are raising concerns that the maximum barn size restriction will be removed and Ontario’s Fire Code (OFC)…