Topic Claims
Flooding forces 700 people out of their homes in Fort Simpson, N.W.T.
May 12, 2021 by The Canadian PressFORT SIMPSON, N.W.T. – A mayor in the Northwest Territories was watching for movement in slabs of ice and snow sitting on top of one of two rivers threatening his community on Tuesday. About 700 of Fort Simpson’s 1,200 residents…
Municipal insurers heading for the exits, broker exec reports
May 11, 2021 by Adam MalikA decade of sliding down a slippery financial slope has prompted insurers to run for the exits in the municipal insurance line of business. A number of companies have exited the market, with more possibly to follow, leaving brokers with…
Cheque is in the mail: Insurance rebates coming to Saskatchewan drivers
May 11, 2021 by The Canadian PressREGINA – Saskatchewan’s Crown-owned insurer says it will start mailing rebates on vehicle insurance this week. Saskatchewan Government Insurance says 709,000 cheques are to be sent out. The rebates apply to all vehicles, motorcycles, trailers and snowmobiles for which insurance…
How these auto reforms could reduce liability exposure for hospitality clients
May 10, 2021 by David GambrillB.C.’s move towards a form of no-fault auto insurance could wind up reducing liability exposure for commercial insureds in the hospitality and other high-risk sectors, according to a recent blog by Borden Ladner Gervais LLP. The province’s no-fault amendments came…
Canadian primary insurers may align with reinsurers’ new communicable disease exclusions
May 10, 2021 by Jason ContantCanadian insurers may introduce new communicable disease exclusions to harmonize policy language with their revised reinsurance policies, Insurance Bureau of Canada (IBC) said recently. International reinsurance markets introduced a new communicable diseases exclusion in many countries over the past few…
Fire-ravaged court building in Saguenay Lac-St-Jean will be rebuilt, Quebec government says
May 10, 2021 by The Canadian PressThe Quebec government on Sunday announced plans to rebuild a historic courthouse in the Saguenay-Lac-St-Jean region that was heavily damaged by fire and smoke the previous night. Andree Laforest, the legislature member for the region, confirmed the province would help…
Why businesses shouldn’t take an adversarial stance towards their claimants
May 8, 2021 by Adam MalikBusinesses risk damaging their brand’s reputation if they take a confrontational approach to claimants, risk experts warned during a recent virtual conference. In addition to paying out more for the claim, a company playing hardball may also wind up losing…
Flames rip through Alberta retirement complex
May 7, 2021 by The Canadian PressST. ALBERT, Alta. – Fire has destroyed part of a retirement complex northwest of Edmonton. Officials say three residents suffered smoke inhalation but no one has died. Flames broke out at Citadel Mews West Continuing Care Facility in St. Albert…
Using pics in social media investigations? Here’s one thing you need to do…
May 6, 2021 by Greg MeckbachClaims professionals who rely on videos and photos obtained through social media investigations need to make sure that evidence can be backed up as authentic, Virtual Symposium B.C. speakers suggest. There are several reasons why a social media investigation is…
Appeal court ‘vindicates Aviva’ in slip-and-fall lawsuit
May 6, 2021 by Greg MeckbachCommercial liability clients do not have to settle personal injury lawsuits even if the defendants are perceived as having deep pockets, a recent Court of Appeal for Ontario ruling suggests. “A litigant, or its insurer, even if wealthy, is not…
How to prevent a minor loss from turning into a huge claim
May 3, 2021 by Adam MalikAlthough American inventor and Founding Father Benjamin Franklin was not referring to insurance when he penned the famous words “time is money,” today’s risk managers should take the expression to heart if they wish to reduce their companies’ claims costs.…
Port of Montreal volumes fall for first time in seven years due to pandemic, strikes
May 3, 2021 by The Canadian PressMONTREAL – The COVID-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years. The port says its volumes fell 14 per…