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Eastern Newfoundland walloped by first big snow storm of the winter

January 6, 2020 by The Canadian Press

ST. JOHN’S, N.L. – People in eastern Newfoundland reached for their shovels Monday morning as the region was walloped by the first major winter storm of the year. Environment Canada issued storm warnings and special weather statements for the St.…

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How total losses may trend in 2020

January 3, 2020 by Adam Malik

With no relief in sight regarding the escalation of auto repair costs, software and data company Mitchell predicts that insurers’ total loss volumes will continue to grow. The frequency of total loss outcomes reached 17.53% in the first half of…

News CatastrophesClaimsMarkets / CoveragesReinsurance

What reinsurance renewals on Jan. 1 told us about the market

January 2, 2020 by David Gambrill

Reinsurance renewals at Jan. 1, 2020 reflected an “asymmetrical” market, featuring a mixed bag of rate increases or decreases (depending on the specific business line or territory), as well as significant rate increases in the retrocession markets, according to Guy…

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Winter storm lashes B.C. with high winds, heavy precipitation

January 2, 2020 by The Canadian Press

VANCOUVER – Another wicked winter storm is set to churn across most of British Columbia, dumping heavy rain on Metro Vancouver, parts of Vancouver Island and the central and inner south coasts, while bringing snow, wind or freezing rain to…

Feature CatastrophesClaims CanadaClimate Change

Bright skies ahead

January 1, 2020 by Adam Malik, Managing Editor

Catastrophes have hit Canadian P&C adjusters  hard, causing many to wonder if the industry has  the capacity to handle increasing workloads. Why adjusters see sunnier times ahead

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What the judge said when a trial lawyer accused an insurer of “playing hardball” with his elderly client

December 31, 2019 by David Gambrill

An elderly resident who lost her slip-and-fall claim against a retirement home does not have to pay the legal costs of the home’s insurance company because the insurer’s legal strategy was “at risk of allegations of playing hardball,” the Ontario…

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Executive Outlook 2020 | Silvy Wright, Northbridge

December 27, 2019 by David Gambrill

Silvy Wright, President, CEO, Northbridge Financial Corporation The industry’s top priority should be helping our customers effectively navigate volatile market conditions. The challenges being faced in both commercial and personal lines are considerable, from rising auto repair costs, required auto…

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Which policies does Santa need?

December 23, 2019 by Jason Contant

Businesses large and small need all types of insurance coverage, and Santa’s elf workshop is no exception. Below are some of Santa’s top North Pole policies (condensed from a recent infographic from specialist insurer CFC Underwriting): Kidnap & ransom –…

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Aviva Canada’s quirkiest claims of 2019

December 23, 2019 by Jason Contant

In the last year, Aviva Canada has handled thousands of property and auto claims, including a few quirky and unusual ones. Here are some of the quirkiest: Chaotic kitchen kitties: Two home alone kittens accidentally turned on the kitchen faucet,…

News ClaimsClaims CanadaInsuranceLegal

Top 5 Canadian court rulings of 2019 for P&C insurance

December 20, 2019 by Greg Meckbach

Tragedies, mishaps and financial disasters often lead to court disputes, resulting in rulings from judges. Sometimes judges disagree with one another and appeals get filed with higher courts, but the end results often provide lessons for the industry. Here are…

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Could CGL policy have to cover this dry cleaning pollution claim?

December 17, 2019 by Greg Meckbach

A coverage dispute over pollution exclusions might bring two of Canada’s largest insurers before the Supreme Court of Canada. West Van Lions Gate Cleaners Ltd. has operated a dry cleaners in Vancouver since 1976. Until 1999 an automotive repair business…

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‘Temporary’ flood relief office closes after 7 months

December 17, 2019 by The Canadian Press

FREDERICTON – Seven months after spring flooding left parts of New Brunswick badly damaged, the Canadian Red Cross has closed a temporary flood relief office in Fredericton. The organization says a total of 1,570 people registered for assistance after the…