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Root cause of commercial auto woes hard to pinpoint: Insurer CEO

October 25, 2018 by Greg Meckbach

Commercial auto losses have been worse than expected for The Travelers Companies Inc., and company officials are not exactly sure why. “It’s a line that has been challenged from a profitability perspective for a while,” Travelers chairman and CEO Alan

insPRESS ClaimsInsurance

Crawford Builds Upon its Human Risk Management Services

October 25, 2018 Crawford & Company (Canada) Inc.

TORONTO, ON, Oct. 25, 2018/insPRESS/ – Crawford & Company (Canada), Inc. a global provider of claims and risk management solutions, continues to develop and enhance our servicing capabilities to address traditional and emerging risks tied to employee management through our Human

News AdjustersAppointmentsInsurance

HR Department: October moves in the industry

October 24, 2018 by Jason Contant

Jeff Goy elected chairman of Insurance Institute’s board of governors The Insurance Institute of Canada has elected S.J. (Jeff) Goy, president and CEO of Wawanesa Mutual Insurance Company, as chairman of its board of governors. Goy was elected chairman at

News BrokersClaimsInsuranceMarkets / Coverages

Signs of the hardening market in property lines

October 23, 2018 by Jason Contant

One multi-location brokerage in Nova Scotia is seeing hardening of property lines in the province, in line with a recent spike in property claims ratios across the country. Canadian federally regulated insurers have incurred $5.5 billion in property claims up

News ClaimsInsuranceLegal

Aviva ordered to pay $3.3 million in compensation to Catholic diocese

October 21, 2018 The Canadian Press

FREDERICTON – New Brunswick’s Court of Appeal has ordered an insurance company to pay over $3.3 million to the Catholic Diocese of Bathurst to cover the cost of compensation for decades of sexual abuse by priests. In a ruling released

News AdjustersClaimsInsuranceMarkets / Coverages

Crawford’s Top 3 claim loss predictions from marijuana legalization

October 18, 2018 by Jason Contant

Claims adjuster Crawford & Company (Canada) Inc. sees auto, commercial and workplace-related losses as the Top 3 claims arising from the legalization of marijuana. Auto losses related to cannabis usage; commercial losses to cannabis producers, retailers and distributors; and employee

News ClaimsConstructionInsurance

Were the Ottawa-Gatineau tornadoes the costliest in Canadian history?

October 17, 2018 by Jason Contant

The tornadoes that struck the Ottawa-Gatineau area on Sept. 21 cost the industry $300 million in insured damage, the Insurance Bureau of Canada (IBC) said Wednesday. Of that, $200 million was for insured damage on the Ontario side, and $100

News ClaimsInsurance

Why commercial property claims could skyrocket after pot legalization

October 11, 2018 by David Gambrill

Large-severity commercial property losses could be the upshot of the legalization of marijuana on Oct. 17, an insurance lawyer cautions. “I see there being more property loss-type claims coming out of these large [marijuana-growing] facilities, particularly the greenhouse facilities,” Aaron

News ClaimsInsurance

Hurricane Michael on course toward Nova Scotia

October 11, 2018 The Canadian Press

Michael roared toward the Florida panhandle as a Category 4 hurricane Wednesday, with long-range forecasts predicting its remnants could dump heavy rains on Nova Scotia if it passes south of the province as expected. The brutish storm has grown swiftly

News ClaimsLegal

Appeal court nixes $100K awarded for lost income

October 10, 2018 by Greg Meckbach

A plaintiff who was injured in an auto accident has had her award cut by $100,000 because she is not entitled to compensation for loss of income, the British Columbia Court of Appeal has ruled. Yi Gao sued Brian Dietrich

News ClaimsInsurance

What’s the likelihood of an EF5 tornado in Canada?

October 10, 2018 by Jason Contant

Following the EF3 tornado that struck Dunrobin, Ont. on Sept. 21, should insurers worry about the potential for a powerful EF5 strike on a major population centre in Canada? Probably not. But they should be concerned about tornadic storms in

News ClaimsConstructionRisk

Mandatory building fire risk labels proposed

October 7, 2018 by Greg Meckbach

Fire safety can be impacted if a building is made from lightweight, prefabricated material, and legislation under debate would mandate placards for certain construction types in Ontario. “Truss and lightweight construction, when exposed to fire, can pose serious risks to responding firefighters,” Randy