Metro Vancouver enduring first major snow storm
January 10, 2020 by The Canadian PressVANCOUVER – Metro Vancouver is enduring its first major snow storm of the winter as snowfall warnings cover the entire inner south coast and eastern Vancouver Island, while many other parts of British Columbia also face nasty conditions. Snow reached…
Did the threshold for special awards against insurers just sink lower?
January 9, 2020 by David GambrillA recent decision of the Licence Appeal Tribunal (LAT) concerning an ice fishing accident in Ontario shows that insurers cannot simply rely on the opinions of medical assessors when determining a claimant’s needs, according to one insurance defence lawyer. In…
Where did that slip and fall liability reform bill land?
January 9, 2020 by Greg MeckbachWill the Ontario government get around to reforming liability for slips and falls on ice before the winter ends? Bill 118, which passed second reading June 6, is intended to make it easier for clients to defend themselves against lawsuits…
How catastrophes affected Intact’s Q4 numbers
January 9, 2020 by Greg MeckbachIntact Financial Corp. is pegging its catastrophe claims at $115 million for the fourth quarter of 2019 alone, more than double the figure for the same period in 2018. Intact released its $115 million estimated catastrophe loss Tuesday. The company…
Why this town is not liable for electric shock hazard at sports field
January 8, 2020 by Greg MeckbachAn Ontario municipality was recently found not liable for an electrical hazard created when a light pole at a sports field was struck by lightning, allowing the light to continue functioning while letting current leak into the ground near the…
How IBC is addressing hard market in condo insurance
January 7, 2020 by Greg MeckbachCondo corporations in Alberta that are having trouble finding insurance might be able to get help from the Insurance Bureau of Canada. IBC announced Tuesday it is “engaging” a risk manager who can make practical recommendations to condominium corporations to…
Another snowstorm making its way toward Atlantic Canada
January 7, 2020 by The Canadian PressHALIFAX – Another snowstorm is headed for Atlantic Canada. Environment Canada has issued snowfall warnings for much of Nova Scotia, saying between 15 and 25 centimetres of snow is expected on Wednesday – along with northerly gusts reaching 70 kilometres…
Eastern Newfoundland walloped by first big snow storm of the winter
January 6, 2020 by The Canadian PressST. 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.…
How total losses may trend in 2020
January 3, 2020 by Adam MalikWith 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…
What reinsurance renewals on Jan. 1 told us about the market
January 2, 2020 by David GambrillReinsurance 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…
Winter storm lashes B.C. with high winds, heavy precipitation
January 2, 2020 by The Canadian PressVANCOUVER – 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…
Bright skies ahead
January 1, 2020 by Adam Malik, Managing EditorCatastrophes 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
