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How insurers view Quebec’s new tough-love drunk driving laws

November 27, 2019 by Jason Contant

Drivers in Quebec who are found guilty of a second impaired driving offence will be required to drive vehicles equipped with an alcohol ignition interlock device for the rest of their lives, the province’s government-run accident benefit provider said Monday.…

News ClaimsInsuranceLegislation / Regulation

Intact wins priority dispute over rental car coverage in standard auto policy

November 22, 2019 by Jason Contant

Ontario’s Court of Appeal has upheld a ruling in favour of Intact Insurance Company in a priority dispute over who is afforded coverage when operating a rental vehicle. In a decision released Thursday, the appeal court found that liability coverage…

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How to accelerate your analytics journey in the IFRS 17 world

November 21, 2019 by Jason Contant

As the 2021 deadline for IFRS 17 implementation rapidly approaches, insurers would be well-advised to consider a data hub strategy to accelerate their journey to analytics, a speaker stressed last week at the Canadian Insurance Accountant Association’s Fall Technology Seminar.…

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Ontario brewery loses $2.1 million in cyber attack

November 21, 2019 by The Canadian Press

KITCHENER, Ont. – Waterloo Brewing Ltd. says it has lost $2.1 million in what it calls a social engineering cyberattack. The Ontario brewery says the incident occurred in early November and involved the impersonation of a creditor employee and fraudulent…

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This is how much fire following an earthquake in Montreal could cost

November 19, 2019 by Jason Contant

A severe earthquake in the Montreal area could cause between $10 billion and $30 billion in economic losses from fire damage, according to a new study from the Institute for Catastrophic Loss Reduction (ICLR). “This loss would be virtually fully…

News CatastrophesClaimsClaims Canada

Thousands displaced by this apartment fire won’t go home this year

November 18, 2019 by Greg Meckbach

More than 1,000 residents displaced by a major electrical fire in 2018 will not be moving back into their apartment building this year. A fire broke out Aug. 21, 2018 in the electrical room of 650 Parliament Street, a high-rise…

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Who’s liable for what in this $2.2-million fuel oil spill

November 18, 2019 by Greg Meckbach

Another chapter in the sad story of a $2.2-million residential heating fuel oil spill, into a fresh-water lake, has been closed. The Supreme Court of Canada announced this past Thursday it will not hear an appeal from Thompson Fuels of…

News AdjustersClaimsClaims CanadaLegal

Insurers’ medical examiner gets his day at Supreme Court of Canada

November 16, 2019 by Greg Meckbach

The Supreme Court of Canada is considering whether or not to send an insurance medical examiner’s libel case to trial, based on comments made by a personal injury lawyer about the examiner’s work in a closed forum that got leaked…

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Why you might be having a hard time finding coverage in liability lines

November 14, 2019 by Greg Meckbach

Liability loss inflation may be a new topic of discussion for securities analysts who watch the property and casualty sector, but for Canada’s largest insurer, it’s nothing particularly novel. “There is inflation,” Charles Brindamour, CEO of Intact Financial Corp., observed…

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A new way to make insurance for high-risk homes in flood plains affordable

November 14, 2019 by Adam Malik

Amphibious architecture could be the key to mitigating flood risk and making insurance affordable for those living and working in floodplains, according to one expert. The technology allows structures to float as water levels rise. Amphibious construction and retrofitting of…

News AdjustersClaims CanadaInsuranceLegal

Two-year window to dispute auto claim denial not a ‘hard limitation,’ court rules

November 13, 2019 by Greg Meckbach

The two-year time limit to take auto accident benefits disputes to Ontario’s Licence Appeal Tribunal (LAT) is not a “hard limitation” period, the province’s appeal court has ruled. In Tomec v. Economical Mutual Insurance Company, released Nov. 8, the Court…

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How change of backyard elevation spawns liability risk

November 12, 2019 by Greg Meckbach

A London, Ont. homeowner is in legal trouble because the water that was supposed to flow east from his neighbour’s backyard, across his property, started going the wrong way 12 years ago. In Dankiewicz v. Sullivan, released Nov. 4, Justice…