Canadian Underwriter

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New Brunswick moves to protect innocent co-insureds

December 7, 2017 by Canadian Underwriter

New Brunswick tabled amendments to the province’s Insurance Act Wednesday to protect innocent co-insureds in cases of intimate partner violence and property damage. Most home insurance policies exclude payment for loss or damage caused by an intentional or criminal act

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Government farm insurer not asking for documentation to support claims

December 7, 2017 by Canadian Underwriter

An Ontario government-owned insurer should be requiring farmers to submit supporting documentation when paying production loss claims arising from harsh weather or disease, the auditor general recommended in a report tabled Dec. 6 in the legislature. Guelph-based Agricorp, a crown

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The $300,000 bed bug risk and other bizarre home fire claims

November 30, 2017 by Canadian Underwriter

Officials in Ohio say a 13-year-old boy trying to kill a bed bug sparked an apartment building fire that displaced eight people and caused $300,000 in damage in Cincinnati, AP reported. Officials say the fire was reported around 11 p.m.

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The curious case of who pays for a building flood claim

November 28, 2017 Greg Meckbach, Associate Editor

A negligence lawsuit after a flood—against a company in charge of watching building automation systems—was recently tossed out of court because of the terms of the lease agreement. A plumbing firm paid settlements to tenants after a building flood, and

News CatastrophesClaimsInsuranceMarkets / Coverages

Frustrated brokers ready to drop carriers over flood confusion

November 24, 2017 Greg Meckbach, Associate Editor

Swirling in the eddies of confusion about overland coverage, frustrated Canadian brokers are threatening to drop carriers and are worried about errors and omission (E&O) claims related to overland flood insurance. Canada-wide, there is a “host of wordings out there”

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Why an insurer invites mandatory fraud reporting

November 23, 2017 Greg Meckbach, Associate Editor

Insurers in Canada should have no choice but to report to fraud to law enforcement and to industry peers, be it is claims for healthcare services that were not provided or bills for repairs that were never done, an Aviva

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Provincial brokers hearing consumer demand for electronic pink slips

November 23, 2017 Greg Meckbach, Associate Editor

Nova Scotia motorists will probably get permission early next year to present electronic proof of auto insurance without having to carry paper pink slips in their vehicles, the president of the province’s broker association predicts. Insurance Brokers Association of Nova

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Top 3 most dangerous places to drive in Canada

November 22, 2017 by Canadian Underwriter

Halifax has the highest collision frequency rate (7.9%) in Canada this year, according to the Allstate Insurance Company of Canada’s 2017 Safe Driving Study. It’s the third consecutive year that Halifax has topped Allstate’s study of collision frequency in Canada.

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More Windsor residents eligible for Ontario government flood relief

November 20, 2017 Greg Meckbach, Associate Editor

Nearly three months after torrential downpours gave rise to more than $100 million in insured losses in and near Windsor, the Ontario government announced Monday it has expanded the number of property owners eligible for disaster relief. “Expanding the original

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New Editor-in-Chief for Canadian Underwriter as veteran journalist David Gambrill returns

November 13, 2017 Canadian Underwriter

TORONTO, Nov. 13, 2017 /insPRESS/ – Newcom Business Media Inc. is pleased to announce the appointment of David Gambrill as Editor-in-Chief of Canadian Underwriter. “David is an award-winning writer and editor who’s arguably Canada’s most experienced and knowledgeable insurance journalist,”

News CatastrophesClaimsInsuranceMarkets / Coverages

California wildfires could cost insurers up to US$8 billion: Aon Benfield

November 9, 2017 by Canadian Underwriter

Historic wildfires in portions of California last month could cost insurers as much as US$8 billion, according to Aon Benfield’s Global Catastrophe Recap for October. The report, released on Thursday by Impact Forecasting, the catastrophe modelling development centre of Aon

News CatastrophesClaimsInsuranceMarkets / Coverages

Insured losses from Cyclone Debbie reach AUS$1.5 billion, 85% of claims closed

November 7, 2017 by Canadian Underwriter

Insurers have paid AUS$1 billion in claims related to Cyclone Debbie, with more than 85% of claims now closed, the Insurance Council of Australia (ICA) reported on Monday. Cyclone Debbie now ranks as the second-most expensive cyclone in Australian history,