Topic Claims
How forensic engineers help resolve construction disputes
April 16, 2024 by Yasser Korany, KSI Engineering and Mina Tesseris, ArbiTECHCanada’s construction sector, which accounts for 7.5% of the country’s GDP according to the Canadian Construction Association, is seeing a rise in construction claims and disputes. That’s partially due to the increasing technical sophistication of construction projects, escalating price of…
Quebec court approves class action alleging opioid makers misled users about risks
April 16, 2024 by The Canadian PressA Quebec Superior Court judge has authorized a class-action lawsuit against 16 pharmaceutical companies that are alleged to have misled consumers about the efficacy and dangers of opioid medications. The class action includes everyone in Quebec who was diagnosed with…
Coroner’s inquest opens into Quebec firefighter flood deaths in May 2023
April 15, 2024 by Jason ContantA coroner’s inquest is underway into the deaths of two volunteer Quebec firefighters who perished during a flood rescue last May in the Charlevoix region. Coroner Andrée Kronström is hearing from witnesses at the courthouse in La Malbaie, Que., during…
Before likely ‘ferocious’ wildfire season, fire chiefs worry about drop in volunteers
April 12, 2024 by Lyndsay Armstrong – The Canadian PressAs Canada looks ahead to what experts fear could be another devastating wildfire season, fire chiefs say they are worried about the dwindling number of volunteers available to combat the rising threat. Ken McMullen, president of the Canadian Association of…
How cloud services can speed up the P&C industry
April 12, 2024 by Jason ContantCloud-based services can serve as a much-needed speed accelerator to the Canadian P&C insurance industry, eliminating friction and digitizing the customer experience, speakers said Thursday at the 2024 CIP Society Symposium in downtown Toronto. “I personally think the biggest threat…
Why LAT is reconsidering an accident benefits claim after an auto accident
April 12, 2024 by Alyssa DiSabatinoA decision in which a woman whose psychological trauma was triggered after she viewed the dashcam footage of an auto accident she was involved in — and spotted a house in the background where she’d lived and was the victim…
Carbon insurance: Bigger than cyber?
April 10, 2024 by Jason ContantThe global voluntary carbon market (VCM) is expected to show “hockey stick growth” over the next few decades, representing a dramatic opportunity for the insurance industry. “Look at the cyber market now in insurance — it’s the new big thing,”…
What’s the next frontier for assessing property risk?
April 10, 2024 by John Siegman, co-founder of HazardHubNext-generation data, analytics and risk models are giving property risk assessment a much-needed facelift. The increased frequency and intensity of natural disasters, combined with population growth in NatCat-prone regions, is escalating property and casualty (P&C) insurers’ claims and losses. A…
Why insurers urge better training for new commercial truck drivers
April 10, 2024 by David GambrillAn urgent need exists for more comprehensive training of new commercial truck drivers, says a new report commissioned by the Insurance Bureau of Canada. “Canada’s trucking sector is critical to the success of our economy, transporting over 90% of all…
Drought, heat raise risk of repeat of last summer’s record-breaking wildfires
April 10, 2024 by The Canadian PressPersistent drought and months of above-average temperatures have raised the risk of a repeat of last year’s record-breaking wildfires. Federal officials say conditions are already ripe for an early and above-normal fire risk from Quebec all the way to British…
Why this MGA is betting on carbon insurance
April 9, 2024 by Jason ContantSpecialist insurance provider CFC has entered the voluntary carbon market (VCM) with the launch of a carbon delivery insurance product that safeguards the purchase of carbon credits. VCMs are decentralized markets in which individuals or organizations buy credits to voluntarily…
Hurricane season’s on the horizon — are we ready?
April 9, 2024 by Philip PoradoIt won’t be long before June arrives, bringing with it the 2024 hurricane season. That might be a problem for Canada’s adjusters and insurers given many are still managing residual claims from Hurricane Fiona’s 2022 battering of the East coast.…