Topic Claims
Insuring catastrophic auto injuries: Recommendations for reform
March 29, 2022 by Jason ContantAdequate coverage on a no-fault basis for catastrophically injured accident victims is probably the most value that personal injury auto insurance should deliver, says David Marshall, a financial management consultant who has served as a senior advisor to the Government…
Flood fears ease in Manitoba amid good weather and slow melt, officials say
March 28, 2022 by The Canadian PressWINNIPEG – Fears of spring flooding are easing in Manitoba, thanks to recent weather. A winter of heavy snowfall had initially raised worries across much of the province. But two weeks of slow melting – above-zero temperatures during the day…
How war in Ukraine may impact business loss claims
March 25, 2022 by Philip PoradoCanada’s insurers are in a bit of a holding pattern about how war in Ukraine may drive claims activity among businesses with ties to the region. Canadian Underwriter contacted numerous insurers and the consensus on any changes to claims and…
Travel insurance enters new world, as pandemic restrictions ease
March 25, 2022 by Jason ContantThe federal government’s easing of COVID-19 travel restrictions will generally make it easier for travellers to get insurance coverage, since some providers weren’t in the position to offer coverage when travel advisors were at a higher level, travel insurers tell…
Bank of Canada says near-term inflation higher amid Ukraine war
March 25, 2022 by The Canadian PressOTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday. In a speech by webcast to a conference at the U.S. Federal Reserve Bank…
B.C. ready to proceed with permanent repairs to flood damaged Coquihalla Highway
March 24, 2022 by The Canadian PressHOPE, B.C. – The Ministry of Transportation and Infrastructure says it is moving ahead with permanent repairs to a key B.C. highway damaged by catastrophic flooding last November. A statement from the ministry says it has begun the process to…
How to deal with loss trends in new DCPD auto insurance scheme
March 23, 2022 by Jason ContantNova Scotia Utility and Review Board (NSURB) has approved Facility Association’s (FA) overall rate increase of 11.1% as well as a proposed revision of its risk classification system for taxis. In doing so, the board had some words of advice…
Parts of National Research Council website down due to unspecified ‘cyber incident’
March 22, 2022 by The Canadian PressOTTAWA – The National Research Council took down parts of its website after it was hit with a “cyber incident.” A brief statement on the council’s main webpage Monday did not specify what kind of incident occurred or which applications…
When do limitation periods really begin?
March 21, 2022 by Jason ContantThe limitation period under a family protection endorsement runs from final judgement or settlement, the Court of Queen’s Bench of Alberta has decided. Master in Chambers Brian Summers examined a case involving para. 6(c) of the SEF 44 Family Protection…
B.C. wildfire service to increase prevention work from backyards to forests: official
March 21, 2022 by The Canadian PressKAMLOOPS, B.C. – The director of provincial operations for British Columbia’s wildfire service says the province needs a “holistic,” large-scale program to reduce wildfire risk, starting in backyards, moving to communities then extending to forested lands. Cliff Chapman says planning…
Why this home insurer wasn’t allowed to use a replacement cost overpayment to set off a contents claim
March 17, 2022 by David GambrillA home insurer lost its bid to set off a contents claim using the difference between the Guaranteed Replacement Cost (GRC) and the depreciated value of a home that was rebuilt after a fire. The Ontario Superior Court allowed this…
A new way for insurers to handle construction delays and cost overruns
March 17, 2022 by Jonathan E. McNattySince 2016, the federal government’s slated nearly $100 billion to support development of transit extensions, shipping port improvements, affordable housing and more. When private-sector construction slowed in March 2020, federal infrastructure building quickly filled the gap. And, throughout 2021, both…