Court tosses elderly couple’s 15-year-old auto insurance claim
July 26, 2018 by David GambrillFifteen years after their auto accident, an elderly couple representing themselves in court lost their bid to further postpone their claim against their auto insurer, following years of adjourning trial dates and failing to show up in court. “The trial…
Claims adjuster fined $4,000 for failing to properly inform insured about coverage
July 25, 2018 by Jason ContantA Quebec claims adjuster has been fined $4,000 for failing to inform an insured about an insurance carrier’s rights under the insurance policy, and for not promptly responding to emails from the insurer. Philippe Morin was charged with two counts…
Ontario wildfires rage as B.C. wildfire season ramps up
July 23, 2018 by David GambrillInsurers are monitoring about 75 wildfires in northern Ontario this that have resulted in mandatory evacuation orders or alerts in the cottage country districts of Parry Sound and Sudbury, among other areas. “Based on what we are seeing, there aren’t…
How much it cost the industry when baseball-sized hail hit western Canada
July 23, 2018 by Jason ContantA severe storm that affected parts of Saskatchewan and Manitoba in mid-June resulted in more than $90 million in insured damage, according to data released by Catastrophe Indices and Quantification Inc. (CatIQ). Strong winds and large hail – in some…
Massive fire strikes one of Saskatchewan town’s biggest employers
July 23, 2018 by The Canadian PressROSTHERN, Sask. – The damage estimate is expected to run into the millions of dollars after a fire tore through a large central Saskatchewan farm machinery dealership. Emergency crews were called to Cervus Equipment John Deere in Rosthern just before…
Where provincial drivers crashed an average of 960 times a day
July 22, 2018 by Jason ContantVehicle crashes in British Columbia hit an all-time high of 350,000 in 2017, the province’s public insurer reported this week. This equates to about 960 crashes a day – a 25% increase from 2014. “That means one out of 10…
Evacuation orders and alerts expanded as wildfires spread
July 22, 2018 by The Canadian PressSUMMERLAND, B.C. – Evacuation orders and alerts have been expanded as several wildfires in British Columbia’s Okanagan Valley chew through bush and timber. A 10-square-kilometre blaze burning just south of Peachland on the west side of Okanagan Lake prompted an…
How drone technology is transforming roofing claims
July 19, 2018 by Jason ContantWith the increasing number of catastrophes across the country, there is general consensus in the industry that resources are stretched thin. “The industry has a finite number of roofing companies, adjusters and estimators and to gear up to handle many…
After leak causes $3-million damage to dream home, plumbing contractor loses bid to block insurer’s subrogation
July 19, 2018 by David GambrillA plumbing contractor facing a subrogation lawsuit from a homeowner’s insurer is not eligible for coverage under the homeowner’s purchased Residential Builders–All Risks [RBAR] insurance policy, an Ontario court has ruled. Joseph and Lidia Maio had their dream home built…
How a $395 gadget can prevent a $43,000 flood claim
July 16, 2018 by David GambrillAmid a wave of sump pumps, backwater valves and other methods designed to keep home basements dry comes a new, simple way to mitigate flood risk – an e-sensor. George Tsintzouras, CEO and co-founder of Canadian water tech company Alert…
Cyber catastrophe bonds: Coming soon?
July 13, 2018 by Greg MeckbachWith computer security incidents causing business interruption and privacy breaches, there is a “very real possibility” that a catastrophe bond covering cyber risk might be available, the head of a cyber risk modelling vendor predicts. Catastrophe bonds are a form…
End of the line for auto injury lawsuit over restaurant tip income
July 13, 2018 by Greg MeckbachA former restaurant server who sought a $3.8-million award after being hit by a car has lost her bid to have her lawsuit heard by the Supreme Court of Canada. The Supreme Court of Canada announced Thursday it has dismissed…
