Topic
Claims
Court result suggests confusion about MGAs and insurers
June 23, 2023 by David GambrillManaging general agent (MGA) Can-Sure Underwriting failed to quash a motion to correct a misnomer in a flood damage claim, arguing the claimant incorrectly identified the MGA as an insurer. Ontario’s Superior Court also rejected Can-Sure’s argument that the claimant,…
Gore loses priority case in fatal snowmobile crash
June 22, 2023 by David GambrillGore Mutual has lost its appeal of a priority decision in an accident benefits case related to the fatal crash of two snowmobiles, one covered by insurance, the other uninsured. Ontario’s Appeal Court ruling means Gore Mutual – and not…
Quebec wildfires continue to bring intense smoke
June 22, 2023 The Canadian PressMONTREAL – Hot, dry conditions are forecast to continue through the weekend in regions of Quebec threatened by wildfires. Katia Petit, a senior Quebec civil security official, says no community or essential infrastructure is immediately threatened by flames, but says…
How trade agreements could change claims adjusting in Canada
June 20, 2023 Alyssa Di SabatinoWhen a NatCat occurs in Canada, it’s common for U.S. adjusters to be on the scene — sometimes before Canadian adjusters, who are bound by provincial licensing restrictions. And while processes for getting either country’s adjusters on the scene are…
Did the court jump the gun on allowing a negligence claim against a brokerage?
June 16, 2023 by David GambrillA brokerage has been added as a defendant in a sideline negligence claim, even though the central legal action for breach of contract involving two other parties (including a defendant reinsurer) has yet to be decided. Ontario’s Superior Court applied…
Collision between semi-trailer and bus kills 15, injures 10
June 16, 2023 Steve Lambert and Jeremy Simes - THE CANADIAN PRESSDAUPHIN, MAN. – Flags were at half-mast as residents of a western Manitoba city awaited word on the fate of loved ones, while police started to piece together what caused a crash between a semi-trailer and a bus carrying seniors…
How inflation is affecting small business owners and carriers
June 16, 2023 by Jason ContantAlthough inflation cooled to 4.4% in April from its high of 8.1% in June 2022, it’s still affecting small business owners and insurers, an executive at Hartford Steam Boiler told Canadian Underwriter. From a carrier perspective, claims costs are increasing…
Top court rejects Travelers appeal in dirt bike accident benefits case
June 15, 2023 by David GambrillIt’s the end of the line for Travelers’ appeal of an accident benefits case involving a dirt bike driven in a closed course competition. The Supreme Court of Canada rejected the insurer’s leave to appeal Thursday. This means a dirt…
Ratings reports see pricing declines for two P&C coverages
June 15, 2023 Philip PoradoNew market entrants over the past year have helped ease price increases for two key property and casualty (P&C) insurance coverage segments in the U.S., according to a pair of recent reports from Fitch Ratings. Changes in the competitive landscape…
How carriers get real-time info on property (and other) risk exposures
June 15, 2023 by Jason ContantCarriers in the small business space are increasingly turning to technology to understand exposure changes and help insureds manage their own risk, an expert said recently. By relying on things like sensor technology, carriers can get real-time information on changes…
Nova Scotia identifies thousands more victims of data hack
June 15, 2023 Marlo Glass - THE CANADIAN PRESSHALIFAX – Nova Scotia Cybersecurity Minister Colton LeBlanc says his department has identified thousands more people affected by a recent global data breach, and this week it is beginning the process of notifying the “most vulnerable” victims of the hack.…
Rainfall inadequate to douse northern Quebec wildfires
June 14, 2023 The Canadian PressMONTREAL – Quebec officials say the rainfall over the past 24 hours in the northern part of the province was inadequate to douse the wildfires. The province’s forest fire prevention agency – SOPFEU – says a wildfire near Lebel-sur-Quevillon, Que.,…