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Topic Claims Professionals

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
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How to help clients mitigate water damage risk

August 17, 2021 by Canadian Underwriter Staff

With water damage claims due to infrastructure failures costing the industry much more per year than natural catastrophes, brokers need to be more proactive in helping clients understand coverages and risk mitigation strategies. Infrastructure and plumbing related water damage is

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How insurers plan to advocate for climate adaptation in federal election

August 17, 2021 by Greg Meckbach

Adapting properties and communities to be more resilient to climate-related disasters should be a federal election issue, an Insurance Bureau of Canada official told Canadian Underwriter Monday. “We will be very active throughout the federal election in advocating for adaptation

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Forest fire in northern New Brunswick still burning but now considered contained

August 17, 2021 by THE CANADIAN PRESS

FREDERICTON – Fire officials in New Brunswick say a forest fire in the north of the province is now contained. The blaze has burned about 64 hectares east of Mount Carleton Provincial Park. The provincial forest fire report says 60

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Hundreds of properties evacuated as wind prompts growth in B.C. wildfires

August 16, 2021 by Hina Alam - THE CANADIAN PRESS

High winds intensified numerous wildfires burning in British Columbia, forcing more evacuation orders for residents in hundreds of homes late Sunday, says the BC Wildfire Service. Some of the largest and most dangerous fires are burning in the southern Interior

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How the Supreme Court of Canada has clarified statutes of limitations on lawsuits

August 13, 2021 by Greg Meckbach

A Supreme Court of Canada ruling against the New Brunswick provincial government means it is now easier in some cases for defendants across Canada to argue lawsuits against them should be thrown out of court because they are time-barred, a

Helicopters fly past the Tremont Creek wildfire as it burns on the mountains above Ashcroft, B.C., on Friday, July 16, 2021. THE CANADIAN PRESS/Darryl Dyck
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How this year’s B.C. wildfire season compares to previous years

August 10, 2021 by Jason Contant

It looks like this year’s wildfire season in British Columbia could be one for the record books. Between Apr. 1 and Aug. 9 of this year, the province saw 1,456 wildfires and nearly 650,000 hectares of area burned. This compares

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How Lloyd’s Canada says the industry can better prepare for the next time a pandemic causes business interruption

August 9, 2021 by Greg Meckbach

Lloyd’s is talking to Canadian government authorities about how business interruption risk, arising from a pandemic, can be transferred in the future. “In Canada, Lloyd’s has talked to the federal finance department and different provincial government regulators,” Lloyd’s Canada president

Lytton wildfire
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The claims impact of the B.C. wildfires

August 5, 2021 by Jason Contant

Wildfires raging across British Columbia have resulted in a lot of additional living expenses (ALE) claims, a property restoration firm told Canadian Underwriter Wednesday. “There’s just a lot of increases on the ALE [claims],” Shane Swinson, senior vice president, insurance

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How Fairfax is reserving for COVID-19 business interruption reinsurance charges

August 4, 2021 by Greg Meckbach

The uncertainty around business interruption insurance coverage and the impact of a United Kingdom Supreme Court are among the reasons Toronto-based Fairfax Financial Holdings has put aside more than US$80 million this year in COVID-19 reserves. Fairfax reported July 29

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Why this towing company is on the hook for $2,000 in damages

August 3, 2021 by Greg Meckbach

If your client dings another vehicle and informally offers $500 to the driver of the other vehicle, this does not limit your client’s liability to $500. This is one lesson from a British Columbia civil resolution tribunal ruling released last

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsMergers and Aqcuisitions

McLarens acquires MGB Claims Consultants

August 3, 2021 by Greg Meckbach

Canadian adjusting firm MGB Claims Consultants Inc. has been acquired by McLarens, a Norcross, Ga.-based insurance service provider. The financial terms of the deal, announced Tuesday, were not disclosed. Shawn Malik, James Giffen and Shawn Burnett – who founded MGB

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Supreme Court of Canada sides with city over release for ‘claims of any kind or nature whatsoever’

July 23, 2021 by Greg Meckbach

As the late singer Prince said, forever is a mighty long time. While his 1984 tune “Let’s Go Crazy” is not about tort claims, a Supreme Court of Canada decision released Friday should serve as a reminder of the significance