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Jim Abernethy Challenge: Can P&C industry top $500K for blood cancer research?

September 2, 2022 by David Gambrill

In this year’s second annual Jim Abernethy Challenge, the Leukemia & Lymphoma Society of Canada hopes Canadian P&C insurance professionals can help top last year’s $500,000 contribution to blood cancer research and community support. The Jim Abernethy Challenge is part…

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Invoices don’t add up in commercial claim against RSA, court rules

September 1, 2022 by David Gambrill

Ontario’s Superior Court has rejected two claims made by a clothes store operator against RSA for a total of $127,000 in lost inventory due to water damage, because the retailer could not prove the value of the lost merchandise. In…

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Ways to prevent losses when EVs catch fire onboard ships

August 31, 2022 by Canadian Underwriter Staff

Electric vehicles are fire! Literally. The large lithium-ion batteries they contain can catch fire faster than the ones used in laptops or cell phones, and those fires are particularly perilous when they happen on board ships transporting EVs to markets…

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One key difference between a builders’ risk policy and a liability policy

August 30, 2022 by David Gambrill

Starr Insurance & Reinsurance Limited does not have to defend its insured in a Quebec construction case, because its builders’ risk policy is essentially a property policy, not a liability policy, Quebec’s Superior Court has ruled. In construction, a builders’…

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Court sides with insurer in unidentified driver case

August 29, 2022 by David Gambrill

The six-month notification period to make a claim under the unidentified driver portion of B.C.’s Insurance (Vehicle) Act won’t be extended, even though it took a year for the victim to become aware she could make such a claim, a…

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Insurer found vicariously liable for adjuster selling client information

August 26, 2022 by David Gambrill

B.C.’s public auto insurer has been held vicariously liable for a privacy breach, in which one of its claims adjusters sold client information to a third party that ultimately led to arson and shooting attacks. “Between April 2011 and January…

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Fire-risk recall may give brokers opportunity to contact auto clients

August 25, 2022 by Philip Porado

A recall of two late-model SUV models by Hyundai Motor America and Kia America was amplified by a consumer alert from the U.S. National Highway Traffic Safety Administration (NHTSA) in Washington. The issue involves a tow hitch, sold as a…

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Trial required to assess Zurich’s right to rescind surety bonds: Appeal Court

August 25, 2022 by David Gambrill

As a matter of legal principle, Zurich can rescind performance and payments surety bonds based on fraud or misrepresentation, even if that would affect the rights of innocent third parties in a construction dispute, Ontario’s Court for Appeal has ruled.…

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How to bust a car theft ring – a look inside project MYRA

August 24, 2022 by Philip Porado

In late July, charges were announced in a nearly two-year, multi-jurisdictional investigation nicknamed Project MYRA that targeted rings of organized car thieves. The thieves altered vehicle identification numbers (VINs), and then re-registered and sold the cars privately to unsuspecting customers.…

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Why insurers risk losing millions in premiums without this tech

August 24, 2022 by Alyssa DiSabatino

Millions in insurance premiums each year in Canada could be at risk due to poor claims experiences and process inefficiencies, but artificial intelligence (AI) technologies can mitigate these losses and create efficiencies that bring in more dollars, a new report…

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‘It’s like Lego bricks’: Shippers and consumers feel affects of overflowing ports

August 24, 2022 by Christopher Reynolds - THE CANADIAN PRESS

Bob Ballantyne broke a cord on his blinds in early July, and his repairman in Ottawa still hasn’t been able to replace the snapped part. “He says, ‘You know, supply chain issues. I can’t get the string that I need…

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What insurers are doing to improve recruiting

August 23, 2022 by Philip Porado

It’s not your imagination, COVID-19 really did throw a wrench into the insurance industry’s ability to hire and retain talent, says a new Deloitte report on the state of Canada’s P&C industry. It found industry demand for people with the…