Severe weather earlier this week in Ontario has caught the attention of reinsurance providers. Impact Forecasting LLC, a unit of reinsurance brokerage Aon Benfield, noted Friday that winter weather starting April 13 “left considerable damage across southern sections of Canada’s…

OLIVER, B.C. – Flooding across the British Columbia Interior has washed out roads and put homes on evacuation alert. The Ministry of Transportation says Highway 33 from the Mission Creek Bridge to Kelowna is closed in both directions due to…

Sedgwick Claims Management Services Inc. has completed its acquisition of Tampa, Fla.-based Cunningham Lindsey, Sedgwick announced Monday. Both Cunningham Lindsey and Memphis, Tenn.-based Sedgwick have offices in Canada. “The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with…

Recent severe weather in Ontario, with six inches of ice pellets and winds exceeding gale force in some areas, will most likely be a CAT event, insurance companies report. But with rainfall warnings persisting Monday, one insurer reported more than…

Prompted by the emergence of new triggers, business interruption remains a top risk according to the 2017 Allianz Risk Barometer, which defines it as “a loss of income that could impair a company’s revenue stream and thus [trigger] a shortfall…

If you think the most expensive floods in Canadian history were big, you haven’t seen anything yet. “The manifestation of climate change and extreme weather events is still yet to come,” said Blair Feltmate, head of the Intact Centre on…

The property and casualty insurance industry needs to get a better understanding of wildfire risk in Canada because we will experience more disasters like Fort McMurray in the future, a reinsurance company executive warned Monday. “We think [the industry] needs…

As auto insurance premiums go up, Aviva Canada is going after healthcare providers and legal professionals who are conspiring to submit false or inflated claims. Fraud is a “key” reason auto insurance premiums are rising in Ontario and the government…

Your client’s liability for negligent drone use is a gray area. Here’s what insurers should consider when assessing the civil liability of drone operators.

For Canadian businesses, institutions and government agencies, ransomware and cyberbreaches have become an epidemic. Just five years ago, cyber risk ranked Number 15 in the annual Allianz Risk Barometer; this year, it has skyrocketed to Number 2.1 If you have…

TORONTO – A powerful windstorm is sweeping through southern Ontario, knocking out power to tens of thousands of people and disrupting travel in the air and on the roads. Environment Canada has issued a wind warning for the region, saying…

In a priority dispute between insurers over accident benefits payments, the claimant does not necessarily have to be notified about the priority dispute at the same time as the other carrier, the Ontario Court for Appeal has ruled. The major…