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Man in suit using rope to close gap in a bridge. Represents insurance protection gap.
News CatastrophesClaimsCommercial LinesInsuranceMarkets / Coverages

Why commercial insurers’ biggest risk is relevancy

March 6, 2023 by Alyssa DiSabatino

To ensure commercial P&C’s market relevance, insurers will need to find a way to address the “structurally changing nature of risk,” by closing protection gaps, said a recent McKinsey report.   There’s been a change in commercial insurance penetration in

Claims adjuster using a tablet on site at a restoration project
News ClaimsCommercial LinesInsuranceProductsRestorationTechnology

How this tech is speeding up the property restoration claims process

March 2, 2023 by Alyssa DiSabatino

One B.C-based startup is mobilizing the often tedious property restoration management process for adjusters and contractors through a smartphone app. RocketPlan founder and CEO Joe Tolzmann experienced the inefficiency of the restoration claims process first-hand during his time in the

Computer screen showing checkmarks.
News ClaimsInsuranceLegalLegislation / Regulation

Trial lawyers to intervene in important accident benefits case

March 2, 2023 by David Gambrill

Ontario’s Superior Court has allowed the Ontario Trial Lawyers Association (OTLA) to intervene in an auto insurance case that will address whether a settlement agreement is enforceable when the injured claimant dies before accident benefits (AB) structured settlement instructions were

Indigo refuses to pay ransom following cyberattack
News ClaimsCommercial LinesInsuranceLegalMarkets / CoveragesTechnology

Indigo refuses to pay ransom, warns stolen employee data may be posted to dark web

March 2, 2023 Brett Bundale - THE CANADIAN PRESS

Canada’s biggest bookstore chain has warned employees that data stolen in a cyberattack may be posted on the so-called dark web after it refused to pay a ransom demand, Indigo Books & Music Inc. said Thursday. The retailer’s network was

A gavel rests in a patch of grass. ESG legal action.
News BrokersClaimsClimate ChangeInsuranceLegalLegislation / RegulationRisk

Why your commercial clients may be at risk of ESG legal action

March 1, 2023 by Alyssa DiSabatino

Canadian law firms are preparing for an uptick in environmental, social, and governance (ESG)-related legal cases, based on the rise of such cases in the U.S., a litigator tells Canadian Underwriter. ESG lawsuits occur when a company is taken to

Oil pumpjack in Alberta
News ClaimsCommercial LinesInsuranceMarkets / CoveragesRisk

Oil well cleanup program listed as ‘key objective’ in Alberta’s pre-election budget

March 1, 2023 Bob Weber - THE CANADIAN PRESS

EDMONTON – Alberta Premier Danielle Smith’s last budget before an expected spring election gives strong support to a proposed tax break for energy companies to fulfill their legal cleanup duties but doesn’t tell voters how much would be spent on

Man hands using tablet in a supply chain warehouse
News BrokersClaimsCommercial LinesInsuranceMarkets / CoveragesRisk

Do clients have a better handle on supply chain risk?

February 28, 2023 by Alyssa DiSabatino

Many businesses are still recovering from supply chain disruptions that shocked them during the height of the pandemic, and 80% of firms said a lack of insurance solutions is among the greatest challenges to addressing their risks, according to a

People stranded by high water due to flooding in B.C.
News CatastrophesClaimsClaims CanadaClimate ChangeInsurance

Federal disaster aid program being overhauled to include climate adaptation

February 27, 2023 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Canada’s overworked disaster assistance program is being overhauled so that future projects would only be eligible for aid if they take into account the need to adapt to climate change. Emergency Preparedness Minister Bill Blair, who was in

Driving on a B.C. highway in snowy road conditions
News ClaimsInsuranceMarkets / Coverages

Frigid conditions should lift in B.C., but incoming system to bring heavy snow

February 24, 2023 The Canadian Press

VANCOUVER – Extreme cold, Arctic outflow or snowfall warnings cover most of northern and central British Columbia as an icy and powerful storm sweeps over the province.   Environment Canada says the accompanying wind chill has made conditions in those areas

Flooded road in New Brunswick
News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceRisk

Government caps disaster assistance, lowers threshold for property buyouts

February 23, 2023 by Jason Contant

Another provincial government is changing the way it provides disaster financial assistance by capping assistance for claims related to the same type of disaster at $200,000. New Brunswick is increasing the maximum payout for structural damage to $200,000, setting a

Woman in an airport checking out flight cancellations on the board
News ClaimsCommercial LinesInsuranceLegal

Court approves insurer’s settlement over COVID flight cancellations

February 23, 2023 by David Gambrill

Ontario’s Superior Court has approved a $4.8-million settlement in a class action lawsuit related to the denial of travel insurance claims by TD Home and Auto Insurance for cancelled flights during the first months of the COVID-19 pandemic. During that

Winter storm causes power outages, travel delays and school closures in Ontario
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Thousands in Ontario remain without power after winter storm

February 23, 2023 The Canadian Press

TORONTO – Hydro One says tens of thousands of its customers in southwestern Ontario lost power after Wednesday’s winter storm and some might have to wait until Friday night for it to be restored.   The utility says more than 33,000