The latest way cyber-criminals are attacking your clients
February 25, 2019 by Jason ContantCyber criminals are adapting their methods by using ransomware in targeted extortions, often with more severe and costly results than indiscriminate attacks. Targeted extortion is when cyber criminals set their sights on a particular, vulnerable organization and look to extort…
Ontario’s latest wind storm: is it as costly as last year’s wind cat?
February 25, 2019 by Jason ContantThe strong wind storm that continues across parts of Ontario Monday is being compared to the costliest insured loss event of 2018. Beginning on Sunday, Feb. 24, a powerful, sustained wind storm caused blizzard conditions and damaging winds across Ontario.…
Are cannabis edibles a “drug”? What adjusters should be asking
February 22, 2019 by Jason ContantClaims adjusters’ questions should address potential policy wording dilemmas related to the upcoming legalization of cannabis edibles later this year, a lawyer told Canadian Underwriter recently. For example, consider the following question in the context of edible cannabis (or even…
How railway is dealing with Manitoba oil spill
February 22, 2019 by THE CANADIAN PRESSLAZARE, Man. – CN is still tallying up the amount of oil spilled in a train derailment on a ranch in western Manitoba. “We are still determining volume estimates at this time,” company spokesman Jonathan Abecassis said in an email…
Next step for $2-billion building collapse lawsuit against Loblaws
February 21, 2019 by Greg MeckbachA $2-billion class-action lawsuit against Canada’s largest food retailer could reach the Supreme Court of Canada. The bodily injury lawsuit against Loblaw Companies Limited was filed in 2015 in Ontario by victims of a 2013 commercial building collapse in Bangladesh.…
One solution for non-damage business interruption
February 21, 2019 by Jason ContantParametric insurance can help fill a gap in some policies by covering non-damage business interruption, a speaker said Tuesday at AXA XL’s Fast Forward LIVE event in downtown Toronto. Caused by a variety of factors, including severe weather conditions, non-damage…
AB case generates massive confusion around “but for” causation test
February 21, 2019 by Jason ContantA recent Ontario accident benefits case has highlighted ongoing confusion about how to identify and apply the proper causation test — including the contentious “but for” clause. The case revolves around whether the “but for” test of causation or the…
400 plus vehicles written off since acid spill on B.C. highway last year: ICBC
February 19, 2019 by THE CANADIAN PRESSTRAIL, B.C. – British Columbia’s public auto insurer says about 450 vehicles have been written off since sulphuric acid spilled along a busy commuter route near Trail, B.C., in two incidents last spring. The Insurance Corp. of B.C. says there…
Sinkhole prompts evacuation order for 14 B.C. homes
February 15, 2019 by THE CANADIAN PRESSSECHELT, B.C. – Residents of an upscale neighbourhood on British Columbia’s Sunshine Coast will officially be barred from returning to their dream homes today. Sinkholes throughout the subdivision have prompted the District of Sechelt to issue evacuation orders covering 14…
Judge questions wildfire mitigation plan
February 14, 2019 by Sudhin Thanawala - THE ASSOCIATED PRESSSAN FRANCISCO – A U.S. judge who has berated Pacific Gas & Electric Corp. for its role in California wildfires demanded Thursday that the utility answer more questions about its efforts to clear trees and branches that can fall on…
The type of claims that may arise from legalization of cannabis edibles
February 14, 2019 by Jason ContantWith the upcoming legalization of edibles containing cannabis this October, Canadian claims adjusters may see more indirect injury loss and damage claims, suggests a lawyer with Field Law in Calgary. Compared to regular smoked marijuana, edibles have a more delayed…
Why post-tropical storms can be worse than the original storm
February 13, 2019 by Jason ContantInland flood damage arising from post-tropical storms can be an even greater risk than wind damage, a meteorologist from Aon said last week at the CatIQ Connect conference in downtown Toronto. “That’s concerning because here in Canada, as in the…
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