Canadian Underwriter

News ClaimsClaims CanadaInsuranceLegal

The ‘massive’ business interruption coverage question with no ‘obvious answer’

June 8, 2020 by Greg Meckbach

The outcome of an ongoing British test case for business interruption during a pandemic could set a precedent for commercial coverage disputes in Canada, a Toronto-based insurance defence lawyer suggests. Britain’s Financial Conduct Authority (FCA) is scheduled to file a…

News CatastrophesClaimsClaims CanadaClimate ChangeInsurance

Why Intact predicts sustained hard market in home insurance

June 5, 2020 by Greg Meckbach

Natural disasters like the recent Fort McMurray flooding will likely continue driving home insurance rates up, suggests Intact Financial Corp. CEO Charles Brindamour. “Personal property is in a relatively hard market environment with mid to upper single digit rates increases.…

News CatastrophesClaimsInsuranceLegal

Editor’s Note: Underwriting for the next pandemic

June 5, 2020 by David Gambrill

The social and economic impact of the novel coronavirus pandemic in 2020 is truly horrifying, saddening, and staggering. Many of us have lost loved ones, or know people who are out of work because of the potentially lethal virus moving…

News AdjustersClaimsInsuranceLegalLegislation / Regulation

A provincial twist on the emergency suspension of limitation periods

June 4, 2020 by David Gambrill

While many Canadian courts continue to suspend two-year limitation periods for plaintiffs to file civil lawsuits against insurers and other defendants, Alberta’s clock has started running again as of June 1 – and for claims under the province’s Insurance Act,…

News EngineeringProducts

Nissan recalls nearly 1.9M cars for pesky hood latch

June 4, 2020 by Tom Krisher - THE ASSOCIATED PRESS

DETROIT – For the fourth time, Nissan is recalling hundreds  – of thousands of midsize cars in the U.S. and Canada to fix a nagging latch problem that may allow the hood fly open while cars are moving. The latest…

News AdjustersClaimsClaims CanadaInsurance

How Lloyd’s is handling claims differently with COVID-19

June 3, 2020 by Greg Meckbach

In response to the ongoing pandemic, the Lloyd’s market is changing the way claims are handled when multiple syndicates write one risk. “One challenge with COVID-19 is the subscription nature of the market, whereby it is often several syndicates writing…

News ClaimsClaims CanadaInsuranceRisk

How liability insurers will react to military report on long-term care homes

June 2, 2020 by Greg Meckbach

A recently military report on some Canadian long-term care facilities will change the way liability coverage is underwritten and could even discourage some insurers from staying in the market, a managing general agent suggests. “I think you will probably see…

News ClaimsClaims CanadaInsuranceLegal

COVID-related fraud schemes that IBC has observed

June 2, 2020 by Greg Meckbach

Four vehicles were reported stolen to separate insurers, from the same driveway, on the same night in Brampton, Ont. This is just one example of alleged fraud identified shortly after the onset of the COVID-19 pandemic, the Insurance Bureau of…

News CatastrophesClaims

How much insurers paid out for Fort Mac’s spring flood

June 2, 2020 by Adam Malik

Insurers paid out more $228 million in insured damage for spring flooding in Fort McMurray, Alta., that occurred a little over a month ago. Catastrophe Indices and Quantification Inc. (CatIQ) released the numbers this week, noting that commercial properties took…

News ClaimsRisk

Large protest gatherings pose COVID 19 risks: B.C. health officials

June 2, 2020 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – Large public gatherings, including anti-racism protests, pose health risks during a pandemic, British Columbia’s top health officials said Monday. Provincial health officer Dr. Bonnie Henry said people in B.C. have the right to protest and express their feelings,…

News CatastrophesClaimsClaims Canada

Flood warnings expand for part of B.C., but conditions ease elsewhere

June 1, 2020 by THE CANADIAN PRESS

Flood warnings now cover a large section of southern British Columbia as river levels rise rapidly in response to heavy weekend rains and continuing snowmelt. The River Forecast Centre extended a flood warning Monday to the Boundary region, including the…

News ClaimsClaims CanadaLegal

Dozens of businesses damaged after Montreal anti racism rally

June 1, 2020 by THE CANADIAN PRESS

MONTREAL – Eleven people were arrested after tensions flared between protesters and police on Sunday night following a Montreal demonstration demanding justice for a black man who died following a police intervention in Minnesota. Demonstrators had gathered to denounce racism…