Topic
Claims
SERVPRO Canada adds new office in Hamilton
December 1, 2022 SERVPRO CanadaHAMILTON, ON, DECEMBER 1, 2022/insPRESS/ – SERVPRO®, a premier cleanup and restoration company, has a new franchise in Southern Ontario. SERVPRO® of Hamilton Mohawk will respond to the community’s property damage emergencies, ranging from multi-million-dollar commercial disasters to small losses…
Flood policy education: What brokers are up against
November 30, 2022 by David GambrillHalf of Canadian homeowners have not purchased additional coverage for water damage, relying on a standard homeowner policy that does not cover risk of overland flood or water seepage into the home. Endorsements are available to extend coverage for water…
Traffic mayhem, power outages, plane off taxiway as snow hits B.C. south coast
November 30, 2022 The Canadian PressVANCOUVER – The first major fall snowstorm to hit British Columbia’s south coast paralyzed traffic, cut power to thousands of homes and even affected Vancouver International Airport as a plane skidded off a taxiway. The snow and freezing temperatures turned…
Auto insurance doesn’t always apply just because an auto’s involved
November 29, 2022 by David GambrillTwo Quebec Court of Appeal decisions in 2022 demonstrate it’s not enough to show an auto is involved in a claim for an insured to be eligible for compensation under the province’s auto insurance scheme, a Quebec lawyer writes in…
Canada’s top five federal contaminated sites to cost billions to clean up
November 29, 2022 Emily Blake - THE CANADIAN PRESSYELLOWKNIFE – With a cost estimate of $4.38 billion, remediation of the Giant Mine, one of the most contaminated sites in Canada, is also expected to be the most expensive federal environmental cleanup in the country’s history. The figure, recently…
Cyber incident cancels online classes, knocks out email, phones at school board
November 28, 2022 The Canadian PressWHITBY, Ont. – The Durham District School Board says online classes have been cancelled after it was subject to what it’s calling a “cyber incident.” The board, which serves Oshawa and the surrounding region east of Toronto, says it learned…
Why this dirt bike in closed competition was considered an “automobile”
November 25, 2022 by David GambrillA dirt bike driven in a closed course motocross competition is an “automobile” under Ontario’s auto accident benefits scheme, thus paving the way for a seriously injured driver to claim auto accident benefits from his auto insurer, the Ontario Court…
Insurance forecast for snow plough operators this season
November 25, 2022 by David GambrillHard market conditions in slow plough insurance are continuing to blow through, if Aviva Canada’s latest rate filing with Nova Scotia’s insurance regulator is any indication. Nova Scotia’s Utility and Review Board approved Aviva’s refinement of its rate surcharge for…
Two welcome commercial premium trends, post-pandemic
November 25, 2022 by Jason ContantGallagher in Canada is seeing some interesting premium trends in liability and commercial auto lines, now that pandemic restrictions are virtually non-existent. Businesses such as restaurants were shuttered or faced restrictions throughout the peak parts of the pandemic, meaning that…
Why your SME client needs intellectual property ‘pursuit’ coverage
November 24, 2022 by Jason ContantYour small and medium-sized enterprise (SME) clients need to consider intellectual property (IP) ‘pursuit’ coverage to allow them to take on large corporations to protect their products and market share, a specialist insurance provider told Canadian Underwriter. A business’s ability…
What reinsurance renewals could look like on Jan. 1
November 23, 2022 by David GambrillGlobal reinsurers are expected to raise property catastrophe rates “by well over 10%” in exposed areas during January 2023 renewals, a Fitch Ratings report stated. “We expect double-digit percentage premium rate rises for property catastrophe cover in 2023 driven by…
Does an immuno-compromised adjuster have to return to field work?
November 23, 2022 The CIP Society, Insurance Institute of CanadaFor almost three years, there’s been confusion around COVID-19 protocols. It’s made it hard for people to get on with their daily lives. An example of how these stresses burden our industry is illustrated in a dilemma faced by a…