Topic Claims
Rising insurance premiums create challenges for local municipalities
March 20, 2024 by Wayne Doyle, Local Journalism Initiative Reporter, BarrieToday.com – The Canadian PressThe cost of insurance for local municipalities continues to rise. Springwater Township received its annual insurance renewal notice last Friday at a cost of $625,709.52. That’s almost $42,000 more than last year, or slightly more than seven per cent. According…
What claims adjusters earn in Canada
March 20, 2024 by Alyssa DiSabatinoEditor’s Note: This article has been updated to clarify the different ways in which adjusters in Canada earn compensation. In-field adjusters are making slightly more than their desk adjuster and claims representatives counterparts, according to Impact Recruitment’s 2024 Insurance…
Active spring wildfire season may be in store for B.C. as drought persists
March 19, 2024 by Ashley Joannou – The Canadian PressBritish Columbia needs a drenching of rain to alleviate the tinder dry conditions that have forecasters worried about the potential for another difficult wildfire season. Cliff Chapman, director of operations for the BC Wildfire Service, said parts of the province…
How quantum computing could impact risk management and claims
March 18, 2024 by Jason ContantQuantum computing’s impact on P&C insurance operations will be wide-ranging, say several sources who spoke with CU. Almost every sector and department of the industry could be affected, including actuarial, risk management and underwriting teams, data analytics, IT, claims processing,…
B.C. bridge vulnerable during heavy rain events, mayor says
March 18, 2024 by Roisin Cullen, Local Journalism Initiative Reporter, Pique Newsmagazine – The Canadian PressPemberton’s recent heavy flooding highlights the challenges the area faces, according to Mayor Mike Richman. The Village of Pemberton (VOP) declared a state of local emergency on Jan. 30 due to flooding, and many locals were displaced from their homes…
Brokers: how to advise rideshare drivers on their deductibles
March 15, 2024 by Philip PoradoDrivers working for rideshare and delivery companies must be careful when setting deductibles on personal auto coverage. And they need to make sure their personal insurers know they’re doing rideshare work and carry the appropriate endorsements. A lot of drivers…
Top court clarifies standard for judicial review of LAT decisions
March 15, 2024 by David GambrillCanada’s top court has kicked an auto accident benefits dispute back to the Ontario Licence Appeal Tribunal, effectively confirming courts have discretion to review decisions from the LAT, even if claimants only have a limited right to appeal LAT decisions.…
How winter storms tally this year compared to last
March 15, 2024 by Alyssa DiSabatinoMaritimers were digging out for days after historic levels of snowfall dropped atop Nova Scotia and P.E.I. in early February. The multi-day storm produced nearly 5 feet of snow in Cape Breton, N.S. Then about two weeks later, Nova Scotians…
B.C. orchards and vineyards to get $70M to replant after disastrous weather
March 14, 2024 by The Canadian PressBRITISH COLUMBIA — Farmers in British Columbia will get an extra $70 million to replant and strengthen fruit orchards and vineyards after two years of weather-related disasters, says Premier David Eby. The commitment comes after a devastating cold snap in…
Who’s responsible when construction projects go wrong
March 13, 2024 by By Dr. Yasser Korany, KSI EngineeringConstruction project delays can expose commercial insurers to significant claims costs. Canada’s property and casualty insurance market collected more than $748 million in direct written premiums for surety bonds in 2022, per Canada’s solvency regulator, the Office of the Superintendent…
Night once brought firefighting reprieve, but no longer, Canadian study shows
March 13, 2024 by Brenna Owen - The Canadian PressBRITISH COLUMBIA — The darkness of night has traditionally signalled reprieve for wildland firefighters, but a new Canadian study shows that’s changing, and drought is the driving force. The availability of bone-dry fuels is the key mechanism promoting extreme fire…
Paid the claim? No need to re-appraise after limitation period, court says
March 12, 2024 by Alyssa DiSabatinoAn insurer that has already paid a claim doesn’t have to do a follow-up appraisal after the limitation period has expired, Ontario’s Superior Court of Justice has ruled. “An admission of liability to pay on the part of an insurer…