Will the Ontario government get around to reforming liability for slips and falls on ice before the winter ends? Bill 118, which passed second reading June 6, is intended to make it easier for clients to defend themselves against lawsuits…
Intact Financial Corp. is pegging its catastrophe claims at $115 million for the fourth quarter of 2019 alone, more than double the figure for the same period in 2018. Intact released its $115 million estimated catastrophe loss Tuesday. The company…
An Ontario municipality was recently found not liable for an electrical hazard created when a light pole at a sports field was struck by lightning, allowing the light to continue functioning while letting current leak into the ground near the…
Condo corporations in Alberta that are having trouble finding insurance might be able to get help from the Insurance Bureau of Canada. IBC announced Tuesday it is “engaging” a risk manager who can make practical recommendations to condominium corporations to…
HALIFAX – Another snowstorm is headed for Atlantic Canada. Environment Canada has issued snowfall warnings for much of Nova Scotia, saying between 15 and 25 centimetres of snow is expected on Wednesday – along with northerly gusts reaching 70 kilometres…
ST. JOHN’S, N.L. – People in eastern Newfoundland reached for their shovels Monday morning as the region was walloped by the first major winter storm of the year. Environment Canada issued storm warnings and special weather statements for the St.…
Why a winter construction fire should give underwriters pause before covering the risk of unfinished buildings
How governments and the industry should broach the delicate topic of expropriation in areas at high risk of flood damage
With no relief in sight regarding the escalation of auto repair costs, software and data company Mitchell predicts that insurers’ total loss volumes will continue to grow. The frequency of total loss outcomes reached 17.53% in the first half of…
Reinsurance renewals at Jan. 1, 2020 reflected an “asymmetrical” market, featuring a mixed bag of rate increases or decreases (depending on the specific business line or territory), as well as significant rate increases in the retrocession markets, according to Guy…
VANCOUVER – Another wicked winter storm is set to churn across most of British Columbia, dumping heavy rain on Metro Vancouver, parts of Vancouver Island and the central and inner south coasts, while bringing snow, wind or freezing rain to…
Catastrophes have hit Canadian P&C adjusters hard, causing many to wonder if the industry has the capacity to handle increasing workloads. Why adjusters see sunnier times ahead