Topic
Claims
Rural Nova Scotians want power grid designed for a changing climate
February 17, 2023 Michael Tutton - THE CANADIAN PRESSHALIFAX – Residents of a rural Cape Breton community that has lost power during cold and windy weather are looking for compensation from the utility – and a grid designed for the changing climate. Parker Donham, a resident of Boularderie…
Failure to tell an insurer about a new vehicle can mean trouble
February 16, 2023 Philip PoradoA multiple-vehicle owner who failed to add a motorcycle to his insurance within a set time period is precluded from receiving benefits following an accident, said a Feb. 6 decision by Ontario’s Licence Appeal Tribunal (LAT) adjudicator Stephanie Kepman. On…
Tesla recalls ‘full self-driving’ system to fix flaws in behaviour
February 16, 2023 Tom Krisher - THE ASSOCIATED PRESSDETROIT (AP) – Tesla is recalling nearly 363,000 vehicles with its “Full Self-Driving” system to fix problems with the way it behaves around intersections and following posted speed limits. The recall, part of a larger investigation by U.S. safety regulators…
Why one cyber expert believes cyber insurance is in a good place right now
February 16, 2023 by Jason ContantThe cyber insurance market has never been in a more stable and positive position going into 2023, largely because of the learning experiences over the last two to three years, one cyber expert told Canadian Underwriter in an interview Wednesday.…
What the forecast says for Cats in 2023
February 16, 2023 by Alyssa DiSabatinoAfter a severe NatCat year in Canada in 2022, all signs point toward warmer, drier conditions in 2023 and a quiet hurricane season. With that, however, meteorologists predict this year will make Top 5 list for warmest years on record…
Will volatile stock markets spark claims against asset managers?
February 15, 2023 Philip PoradoSo far, wobbly stock markets aren’t sparking higher claims activity for asset managers’ liability coverages. But the kinds of investor claims that lead to complaints against money managers often lag the equity markets’ overall performance, noted Reid Irwin, practice leader…
Investigation underway into apparent gas explosion in Ottawa
February 15, 2023 Cindy Tran and Mickey Djuric - THE CANADIAN PRESSOTTAWA – Officials say the investigation is now ongoing after 12 people were injured in an apparent gas explosion that rocked an east Ottawa suburb on Monday morning, including two children and two people who were pulled out of the…
Is Canada seeing more tornadoes every year?
February 14, 2023 by Jason ContantCanada saw 117 recorded tornadoes across the country during the 2022 season, tying 2021 for the highest-ever single season on record, according to the Northern Tornadoes Project (NTP). As with 2021, 29 of the tornadoes reached up to EF2 on…
Is there a better coverage solution for flood plain residents?
February 14, 2023 by Alyssa DiSabatinoWhen insurers recommend consumers pack up and move from their flood-prone homes, it’s easier said than done. That’s why the industry needs to come up with better resilience solutions and more efficient claims response to protect the customers most impacted…
Insurers can deny entire claim for fraud, not just the fraudulent part, court affirms
February 13, 2023 by David GambrillIf an auto insurance claimant fraudulently applies for accident benefits payments arising out of a crash, the insurer can deny the entire auto claim, not just the fraudulent part of the claim, the Alberta Court of Appeal has confirmed. In…
Indigo cyberattack highlights mounting prevalence, sophistication of hackers: Experts
February 13, 2023 Brett Bundale - THE CANADIAN PRESSA cybersecurity incident stretching into its fifth day at Indigo Books & Music Inc. has illuminated the increasing risk of cyberattacks on Canadian companies and consumers, experts say. The ongoing outage of the bookstore’s website serves as a warning of…
It’s time to address Canadian adjuster mobility, claims experts say
February 10, 2023 by Alyssa DiSabatinoDeveloping and effectively using the pool of Canadian claims adjusters for catastrophe response is a problem that continues to keep adjusting firms up at night, experts told a CatIQ Connect panel on Wednesday. “Most people don’t realize that seven of…