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Southwestern Ontario storm that flooded Brantford cost insurers $57 million

March 20, 2018 by Jason Contant

A February storm that affected Brantford, Ont., as well as other areas of southwestern Ontario and Quebec, is estimated to have cost more than $57 million in insured damaged, Catastrophe Indices and Quantification Inc. (CatIQ) said Tuesday. Between Feb. 19

News ClaimsInsurance

If a car is parked in the forest, is it fraud?

March 20, 2018 by Jason Contant

Out of sight, out of mind? That expression could be used to describe a recent Manitoba Public Insurance (MPI) fraud case in which a hunter, deep in the backwoods of the Interlake, was amazed to come across a car in

News ClaimsClimate ChangeInsuranceProductsTechnology

Desjardins’ weather alerts: sign of a preventative insurance model?

March 19, 2018 by Jason Contant

Desjardins General Insurance Group (DGIG) will soon launch severe weather alerts allowing consumers to take pre-emptive steps to protect their property from potential damage. The move is indicative of a larger trend towards a preventative insurance model, as found in

News ClaimsLegal

End of the line for CFL player’s concussion lawsuit

March 16, 2018 Dan Ralph - THE CANADIAN PRESS

Arland Bruce III won’t be having his day in court. The Supreme Court of Canada said Thursday it won’t hear Bruce’s concussion lawsuit against the CFL and former commissioner Mark Cohon. The decision came after two B.C. courts, the Supreme

insPRESS AnnouncementsAppointmentsClaimsInsurance

Paul Davis Announcement

March 12, 2018 by Paul Davis Restoration Inc

TORONTO, March 12, 2018, /insPRESS/ – Paul Davis is pleased to announce the promotion of Bill Dietz to the position of President, Paul Davis Canada. Bill has been responsible for the past two years for all Paul Davis Operations in Canada

News CatastrophesClaimsInsuranceMarkets / Coverages

Aon Benfield suggests Brantford flooding will cost “tens of millions”

March 9, 2018 by Jason Contant

Aon Benfield’s catastrophe model development team, Impact Forecasting, is estimating total economic and insured losses in the tens of millions (U.S. dollars) for the recent flooding in southern Ontario. Catastrophe Indices and Quantification Inc. (CatIQ) told Canadian Underwriter in late

News CatastrophesClaimsEarnings / RatingsInsurance

Aviva Canada seeks average 5% rate increase in personal home and auto lines

March 8, 2018 by David Gambrill

Aviva Canada is putting through an average rate increase of 5% in personal home and auto lines after reporting a combined operating ratio of 102% in its 2017 year-end results. Aviva Canada’s net written premium increased by 15% in 2017

News CatastrophesClaimsInsurance

January winter storm largely battered one province

March 8, 2018 by Jason Contant

A winter storm in central and eastern Canada at the beginning of the year caused more than $54 million in insured damage, with the majority of damage being in Quebec, Catastrophe Indices and Quantification Inc. (CatIQ) reported Thursday. Of the

News ClaimsClimate ChangeInsurance

Growing frequency, height of storm surges worries mayor

March 8, 2018 The Canadian Press

LIVERPOOL, N.S. – Another weekend of storm surges in Nova Scotia has a south shore mayor calling for provincial help to cope with the rising impact of climate change on waterfronts. The mayor of the Region of Queens Municipality said

News ClaimsInsuranceTechnology

How mobile apps can help expedite total loss appraisals

March 7, 2018 by Jason Contant

Mobile apps that allow policyholders to upload photos of damaged vehicles from auto accidents can help speed up the claims process, particularly for those involved in a total loss, the president of the Canadian Independent Adjusters Association (CIAA) said on

News ClaimsInsuranceLegal

$14,833 insurance claim dismissed after eight years for “abuse of process”

March 7, 2018 by David Gambrill

Ontario’s Superior Court recently dismissed, as an “abuse of process,” eight years of legal proceedings launched by a plaintiff against Peel Mutual Insurance Company over a $14,833.77 break-and-enter claim that was dismissed by Small Claims Court in September 2011. “These

News ClaimsInsuranceMarkets / CoveragesTechnology

For how long will a ransomware attack knock out your client’s operations?

March 5, 2018 by Jason Contant

Companies in Canada and the United States can expect one week of downtime as a result of a ransomware attack, speakers said at NetDiligence’s recent Cyber Risk Summit in Toronto. “A decryption effort, even in the best case scenario, is