Can Canadian P&C companies be “too big to fail”?
June 27, 2019 by David GambrillIf a major disaster such as an earthquake hits Canada, are some Canadian insurance companies simply “too big to fail”? After the financial crisis of 2007-08, the systemic risk of multiple companies going bankrupt following an extreme catastrophe event is…
The new trend for handling disputed property claims
June 24, 2019 by Greg MeckbachWhat happens when your client’s property is damaged and the insurer disagrees with the claimant on how much work is needed to restore it? Some of these claims disputes can result in lawsuits, when the claimant brings the insurer to…
Why insurers can expect claims from the Raptors parade
June 21, 2019 by Adam MalikIt won’t surprise at least one lawyer to hear about insurance claims stemming from the Toronto Raptors championship parade. There were plenty of exposures present during the event on June 17, mainly because of a lack of resources available and…
Why climate change might be worse than you think
June 21, 2019 by Greg MeckbachIf you are using today’s climate models to predict the frequency and severity of tomorrow’s severe weather, your estimates could be off, suggests a recent convocation speaker at a major Canadian university. Recent unusual patterns in the jet stream are…
Here are the most common type of travel insurance claims
June 20, 2019 by Jason ContantThink you don’t need travel insurance? Think again. According to a recent survey conducted on behalf of RBC Insurance, just over one-quarter (26%) of 1,000 Canadians polled have made an insurance claim as a result of something that happened to…
Waist-deep flooding hits this prairie city
June 19, 2019 by THE CANADIAN PRESSSWIFT CURRENT, Sask. – People in a small southwestern Saskatchewan city are cleaning up after a sudden dump of rain caused parts of the downtown to be flooded. It’s been dry in Swift Current for months, but that all changed…
Debate over liability when pedestrian hit on road with no sidewalk
June 19, 2019 by Greg MeckbachIf your client hits a pedestrian while driving slightly faster than the limit in a dark rain storm, does that mean he or she is liable? It depends which judge you ask. Prashant Jadhav was walking down the shoulder of…
Ask the right questions
June 17, 2019 by Chloe Mathioudakis, Litigator, Field Law; and Erika Carrasco, Partner, Field LawPost-marijuana legalization, how will adjusters know if a driver is “intoxicated”?
Police probe report of shots fired at Raptors rally, celebration continues
June 17, 2019 by THE CANADIAN PRESSTORONTO – Frantic Raptors fans bolted from a square in downtown Toronto after police said they were investigating reports of shots fired at a massive rally celebrating the team’s historic NBA championship win. The festivities were briefly suspended as one…
Where did everyone go?
June 16, 2019 by Emily AtkinsHow do you keep track of your insureds when disasters force your clients to abandon the primary address you have on file?
Playing with Fire
June 14, 2019 by Glenn Gibson and Andrew EckartHow an insurer successfully defended a risky arson case in which no charge was laid
Electronic logs will be mandatory for truck, bus drivers
June 14, 2019 by THE CANADIAN PRESSETOBICOKE, Ont. – Transport Canada says it will require all commercial drivers to have electronic logging devices – one of the recommendations from a coroner’s report into the Humboldt Broncos bus crash. The federal department says the tamper-resistant devices will…
CANADIAN UNDERWRITER RESOURCES (PAID CONTENT)
