Topic Claims
Aviva Canada’s quirkiest claims of 2019
December 23, 2019 by Jason ContantIn the last year, Aviva Canada has handled thousands of property and auto claims, including a few quirky and unusual ones. Here are some of the quirkiest: Chaotic kitchen kitties: Two home alone kittens accidentally turned on the kitchen faucet,…
Top 5 Canadian court rulings of 2019 for P&C insurance
December 20, 2019 by Greg MeckbachTragedies, mishaps and financial disasters often lead to court disputes, resulting in rulings from judges. Sometimes judges disagree with one another and appeals get filed with higher courts, but the end results often provide lessons for the industry. Here are…
Could CGL policy have to cover this dry cleaning pollution claim?
December 17, 2019 by Greg MeckbachA coverage dispute over pollution exclusions might bring two of Canada’s largest insurers before the Supreme Court of Canada. West Van Lions Gate Cleaners Ltd. has operated a dry cleaners in Vancouver since 1976. Until 1999 an automotive repair business…
‘Temporary’ flood relief office closes after 7 months
December 17, 2019 by The Canadian PressFREDERICTON – Seven months after spring flooding left parts of New Brunswick badly damaged, the Canadian Red Cross has closed a temporary flood relief office in Fredericton. The organization says a total of 1,570 people registered for assistance after the…
The hidden cost of Ontario auto accident injuries
December 16, 2019 by Greg MeckbachMore than half a million Ontarians receive some form of government disability support and an advocate for claimants suggests many of these are caused by motor vehicle accident injuries. “At the end of the day, unpaid claimants don’t just go…
How climate change will change the way you do business in the future
December 13, 2019 by Adam MalikWhen pricing property coverage in the future, it’s time for the industry to ask itself: “How are we going to deal with changes in weather?” Historically, insurance products have been priced based on data and loss history, observes Ernest Mashingaidze,…
Why even cyber policies might not cover cyber losses
December 13, 2019 by Jason ContantPolicies that don’t specifically include or exclude cyber losses (“silent cyber”) have long been a concern of insurers, but you’d think a data breach loss would be covered by a cyber policy, right? Not always. The devil is sometimes in…
Canadian healthcare services provider acquires AssessMed
December 12, 2019 by Jason ContantLifemark Health Group (LHG) has acquired AssessMed, an independent medical examination services provider for auto insurers, as part of its strategy to diversify its medical assessment services across Canada. In particular, the acquisition allows LHG to broaden its assessment expertise…
How D&O insurance is entering unknown territory
December 11, 2019 by Adam MalikGone are the days of directors and officers insurance being put to the test due to guidance misses or financial misstatements. Nowadays, the biggest threats are coming from so-called “bad news” events like product recalls, disasters and cyberattacks. And the…
Crews still battling fire from Saskatchewan train derailment
December 11, 2019 by The Canadian PressLANIGAN, Sask. – Saskatchewan’s public safety agency says crews are working in frigid temperatures as they continue to battle a fire that started when a freight train carrying crude oil derailed. The province says crews are taking precautions as Environment…
Why this $3-million subrogated fire claim against corporate tenant failed
December 10, 2019 by Greg MeckbachThe British Columbia Court of Appeal has ruled against an insurer in finding the parent company of a restaurant intentionally set on fire is not liable. In Austeville Properties Ltd. v. Josan, a ruling in a subrogated $3-million claim released…
Remember that messy Halloween storm? This is how much it cost insurers
December 10, 2019 by Jason ContantHeavy precipitation that fell across central and eastern Canada as kids were out trick-or-treating was part of a storm system that caused over $250 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ). Quebec was the hardest-hit…