Toronto is one of the most progressive cities in taking steps to reduce basement flood risk, Institute for Catastrophic Loss Reduction (ICLR) director of research Dan Sandink said Thursday in an interview. And a ban on below-grade garages is Exhibit A…
In the face of climate change, cyber risks, and mass terror plots affecting entire regions and sometimes economic sectors, business interruption coverage is a challenging coverage to both write and adjust. This challenge is multi-faceted and directly impacted by global…
A B.C. court has found that a design-build contractor and an architectural and engineering firm are both entitled to coverage under a Lloyd’s Underwriters policy that included a broad provision to insure “any firm(s)” providing “professional services” to a B.C.…
Following a catastrophe, policyholders are best served when adjusters and contractors adhere to their professional limitations in managing a loss, an industry executive said Tuesday. Jim Eso, senior vice president of property and casualty with Crawford and Company (Canada) Inc.,…
There is room for improvement in managing railway risk, the Transportation Safety Board of Canada suggested in a release marking the fifth anniversary of the Lac-Mégantic, Quebec, tragedy. For years, TSB has been calling for more ways to stop trains,…
FREDERICTON – Hundreds of people remain out of their homes in New Brunswick months after historic floodwaters swept through the province, destroying buildings and inundating highways. Bill Lawlor, director of the Canadian Red Cross in New Brunswick, said Tuesday that…
Independent adjusting firm Crawford & Company (Canada), Inc. has acquired Cherrie Griffith Ltd., a provider of risk and claims services in the Ottawa region for more than 10 years. The acquisition was the second in two months within the claims…
Controversy has swirled around the property and casualty industry’s response to Ontario’s May 4 windstorm, with restoration contracting firms speaking out to Canadian Underwriter recently to confirm the proper role of contractors during the catastrophe event. Restoration contracting firms made…
MONTREAL – More than 15,000 homes and businesses in Quebec were still without power and air conditioning this afternoon following violent storms. As of 2 p.m., 15,234 Hydro-Quebec customers were blacked out, mainly due to fallen trees and branches on…
After following up on their mechanic’s suggestion to file a retroactive insurance claim, a B.C. couple is now on the hook for an $800.75 repair job to their 2010 Toyota Prius. Blenda and Raymond Pilon made an auto insurance claim…
If you can’t find your itinerant clients, have they failed to cooperate with your defence of an auto insurance liability action? An Ontario court recently ordered Gore Mutual Insurance Company to pay a $300,000 balance owing on a settlement judgment,…
A brief but powerful thunderstorm that rolled through southern Ontario on June 13 has been declared a notable claims event by Catastrophe Indices and Quantification Inc. (CatIQ). While the storm did not meet the catastrophe threshold of at least $25…