Canadian Underwriter

2014 fire at seniors' residence in L'Isle-Verte, Que. News ClaimsClaims CanadaClimate ChangeInsuranceLegislation / Regulation

Decade after fatal fire, some Quebec seniors’ residences unable to install sprinklers

January 22, 2024 by Pierre Saint-Arnaud – The Canadian Press

MONTREAL – Ten years after 32 people died in a fire that ripped through a residential complex for seniors in rural Quebec, around a quarter of all private seniors’ residences in the province are still struggling to comply with a…

Drug and medicine bills concept. Medical debt, health care and treatment cost from Covid-19 disease, hospital expense, broke bankrupt man carrying giant medicine debt burden after cure from COVID-19. News CatastrophesClaimsInsuranceLegislation / Regulation

Does Canada need a pandemic backstop, too?

January 19, 2024 by David Gambrill

Canada’s P&C insurance industry “dodged a bullet” when the courts didn’t automatically read pandemic coverage into business interruption losses, an insurance executive said at the Insurance Institute of Canada’s Industry Trends & Predictions 2024 webinar yesterday. Phil Cook, chairman of…

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Toronto Public Library gradually recovering from hack, more services back next month

January 19, 2024 by Maan Alhmidi - The Canadian Press

TORONTO – Canada’s largest public library system is gradually restoring more of its services after an October cyberattack brought down its website and likely exposed sensitive employee information. The Toronto Public Library said customers will be able to see a…

Ransomware attack News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesTechnology

Toronto Zoo says staff personal info stolen in ransomware cyberattack

January 18, 2024 by The Canadian Press

TORONTO – The Toronto Zoo says it believes personal information of its current, former and retired employees was stolen in a ransomware cyberattack first detected earlier this month. The zoo says the information includes past earnings information, social insurance numbers,…

Burst pipe during freezing weather News BrokersClaimsClaims CanadaInsurance

Brokerage sees nearly 200% increase in cold weather claims

January 18, 2024 by Jason Contant

With temperatures plummeting across Canada recently, one insurance brokerage has seen a 191% increase in cold weather-related claims in the early days of 2024 compared to 2023. “Over the past couple of weeks, we’ve seen almost three times as many…

personal injury medical assessment News ClaimsInsuranceLegalLegislation / Regulation

Why a court upheld a $175K personal injury award against Ontario Place

January 18, 2024 by David Gambrill

Ontario’s Court of Appeal has upheld a $175,000 damage award against Ontario Place in Toronto, finding that Ontario Place had blocked people’s access to the main exit and failed to erect barriers that would have prevented people from leaving the…

Insurance companies are reaching a tipping point on NatCats News BrokersCatastrophesClaimsInsurance

When will Canada’s insurers reach a tipping point over NatCats?

January 17, 2024 by Philip Porado

If insurers’ recent response to drastic storm and fire losses recorded in many parts of the U.S. are any harbinger, some Canadian regions may soon grapple with a future in which standard market insurers simply walk away. It’s already happening…

Man using interactive scale that shows low risk and high risk on each end News BrokersClaimsCommercial LinesInsuranceMarkets / CoveragesRisk

Your Canadian clients’ top business risks in 2024

January 17, 2024 by Alyssa DiSabatino

Canada’s top three business risks show companies are widely, and primarily, worried about disruption to their operations, according to the Allianz Risk Barometer 2024.   Over half (57%) of respondents in Canada said business interruption was their number one risk,…

The McDougall Creek wildfire in West Kelowna, B.C. News CatastrophesClaimsClaims CanadaInsurance

More than 100 wildfires still burning after B.C.’s record wildfire season

January 17, 2024 by Ashley Joannou - The Canadian Press

More than 100 wildfires are still listed as burning in British Columbia thanks to a combination of a busy wildfire season, extreme drought and generally warmer and drier conditions through December. Forrest Tower of the BC Wildfire Service said that…

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Snowstorm inbound for Metro Vancouver as winter weather rages across Canada

January 16, 2024 by The Canadian Press

VANCOUVER – Environment Canada says a snowstorm is expected to hit Metro Vancouver, Greater Victoria and beyond, bringing up to 20 centimetres of accumulation and possible freezing rain to southern British Columbia. The weather agency has issued a snowfall warning…

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Roof collapses feared if freezing rain follows heavy snowfall

January 16, 2024 by David Gambrill

Fearing a wave of roof collapses could occur in the short term, Toitures Hogue, a large Quebec roofer, is urging owners of commercial, industrial and/or institutional buildings to be cautious and proactive in advance of a freezing rain forecast over…

The Red Sea conflict is delaying ships in the Port of Halifax. News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / Coverages

Tremors from Red Sea conflict start to shake Canada, with dozens of ships delayed

January 15, 2024 by The Canadian Press

MONTREAL – Canadian shippers are starting to feel the strain of attacks on cargo vessels in the Red Sea, as container rates rise and boats are late to arrive.  Port data shows that two-thirds of the 43 ships slated to…