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Why Uber Canada dropped Intact as its insurance provider

September 16, 2020 by Greg Meckbach

Ride sharing firm Uber Canada chose Economical as its insurance provider because Uber would not agree to Intact’s pricing, a senior Intact executive said Tuesday. “We had a very good relationship, we just couldn’t agree on the price,” Intact CFO

News AdjustersBrokersClaimsClaims CanadaEmploymentInsuranceLegalLegislation / RegulationRisk

What’s driving D&O rate increases for privately-held firms

September 11, 2020 by Greg Meckbach

Lawsuits from employees alleging harassment or discrimination is one reason for significant price increases in directors’ and officers’ liability rates. In Canada, commercial brokerage Gallagher is seeing an uptick in age and gender discrimination claims and workplace harassment claims under

News ClaimsClaims CanadaEarnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

How bad Canada’s auto loss ratios are getting

September 11, 2020 by Greg Meckbach

The Canadian industry’s loss ratio in auto liability has deteriorated for the fourth year in a row, A.M. Best Company Inc. has reported. Meanwhile, the loss ratio in “auto personal accident” deteriorated nearly 10 points. It increased from 70.4% in

News AdjustersClaims CanadaInsuranceLegalLegislation / Regulation

Supreme Court of Canada paves way for insurers’ medical examiner’s lawsuit

September 10, 2020 by Greg Meckbach

A $15-million defamation lawsuit by an insurers’ medical examiner against an Ontario-based personal injury lawyer is going to trial, the Supreme Court of Canada announced in a divided ruling released Thursday. Dr. Howard Platnick “deserves to have his day in

News AdjustersAssociationsCatastrophesClaimsClaims CanadaConstructionEmploymentInsuranceLegislation / Regulation

Adjusting Calgary’s hailstorm: The rationale for bringing in U.S. Cat adjusters

August 28, 2020 by Greg Meckbach

During the hail storm this past June that damaged tens of thousands of Alberta homes, adjusting firm CRU Group struggled to find enough qualified independent catastrophe adjusters in Canada, and wound up resorting to bringing in people from the United

News ClaimsClaims CanadaLegalLegislation / RegulationRestoration

Flood repair: Why this condo owner had to pay strata fees for an uninhabitable unit

August 28, 2020 by Greg Meckbach

A British Columbia resident who had to move out for nearly six months for flood restoration work still has to pay his monthly fees to the strata corporation, the B.C. Civil Resolution Tribunal has ruled. Ye Yuan said that from

News InsuranceLegalLegislation / Regulation

The pros and cons of juries in civil trials

August 24, 2020 by Greg Meckbach

If the Ontario government abolishes juries in civil trials, this would take away a basic protection for defendants in personal injury lawsuits, a defence lawyer suggests. “The solution is not to abolish juries in personal injury actions. The idea being

News Claims CanadaInsuranceLegalLegislation / Regulation

Why this trial lawyer wants to ban civil jury trials

August 19, 2020 by Greg Meckbach

Motor vehicle accident lawsuits in Ontario are often decided by juries, and one personal injury lawyer would like to change this. “I don’t see a valid cause as to why juries should be retained at all in civil trials,” said

News InsuranceLegalLegislation / Regulation

With the pandemic abated, OSFI restarts work on IFRS 17

August 17, 2020 by David Gambrill

Three things in life are inevitable — death, taxes, and the transition to IFRS 17. With the country now over what appears to be the worst of the COVID-19 pandemic thus far, Canada’s solvency regulator, the Office of the Superintendent

News AssociationsInsuranceLegislation / Regulation

Retiring CAMIC president reflects on the mutuals’ biggest issues over three decades

August 14, 2020 by Jason Contant

After nearly three decades as the head of Canada’s national mutual insurance association, Normand Lafreniere, who announced his retirement recently, talked to Canadian Underwriter about his work on three major files — income tax reductions, demutualization, and limiting banks’ and

News ClaimsInsuranceLegislation / Regulation

This insurer is allowing some COVID-19 support measures to expire

August 10, 2020 by Jason Contant

The Insurance Corporation of British Columbia (ICBC) announced Friday that three of the temporary measures it introduced in response to the COVID-19 pandemic are set to expire in the coming weeks. The B.C. Utilities Commission had approved ICBC implementing the

News Legislation / Regulation

Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto

July 29, 2020 THE CANADIAN PRESS

CALGARY – The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline. It says the incident near Oakville could potentially have