Canadian Underwriter

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Canadian insured Cat losses exceed $2 billion — again

January 11, 2022 by Jason Contant

Canadian insured losses topped $2 billion for the second year in a row, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). “2021 saw much discussion of a ‘new normal’ for Canadians, but when it comes to insured losses,

News ClaimsClaims Canada ArchiveCommercialEnvironmentalInsurersLegalLiabilityOntario

Excess of loss case should be heard in Canada, not New York: court

January 10, 2022 by David Gambrill

Several excess insurers have lost their bid to have a lawsuit take place in New York instead of Ontario in a mining insurance case brought before the Ontario Superior Court of Justice. Nine of 22 excess insurers argued that the

News B.C.ClaimsEnvironmentalPersonal Home

Atmospheric river packing several powerful rainstorms heading for southern B.C.

January 10, 2022 by The Canadian Press

VANCOUVER – Power has been restored in two Vancouver Island communities that lost electricity early last week as snow, ice and wind storms pounded parts of British Columbia, but forecasters warn another powerful system is on the way. BC Hydro

News Adjusters

Loss adjusting firm promotes new president

January 7, 2022 by Alyssa DiSabatino

Greg Smith has been promoted to president of Crawford & Company, Canada. Smith’s 25-year tenure at Crawford began as director/manager of marketing. Prior to his promotion, he most recently held the positions of chief operating officer in 2021 and chief

News B.C.ClaimsInsurersLegalLiabilityPersonal Home

Insurer cleared in case of hearing aid replacement mix-up

January 7, 2022 by David Gambrill

A home insurer has been cleared of any liability after a hearing aid supplier produced a different brand of ear phones than had been cited in the initial insurance quote, B.C.’s civil resolution tribunal has found. The small claims court

News CatastrophesClaimsEnvironmental

Insurance isn’t enough: Governments need to do better on natural disaster resilience

January 7, 2022 by The Canadian Press

By Anne E. Kleffner, Professor, Risk Management and Insurance, University of Calgary and Mary Kelly, Chair in Insurance and Professor, Finance, Wilfrid Laurier University This article was originally published on The Conversation, an independent and nonprofit source of news, analysis

News ClaimsInsurersLoss ControlManitobaPersonal Auto

Public auto insurer’s Top 5 fraud cases of 2021

January 6, 2022 by Jason Contant

A phony kidnapping and a driver who was travelling nearly three times the speed he reported to investigators were among Manitoba Public Insurance (MPI)’s Top 5 auto fraud cases of 2021. Last year, MPI’s Special Investigation Unit (SIU) closed nearly

News CatastrophesClaimsCyberInsurersLoss TrendsPersonal AutoPersonal Home

What Canadian insurers paid for reinsurance in Jan. renewals

January 5, 2022 by David Gambrill

Reinsurance rate increases for catastrophes in Canadian property lines depended on whether the carriers’ portfolios took a hit last year, with 10% to 20% rate increases for catastrophe portfolios that took a loss, and 5% to 10% increases for those

News ClaimsClaims Canada ArchiveInsurersLegalManitobaPersonal Auto

Appeal Court overturns $350K bad faith award against public insurer

January 5, 2022 by David Gambrill

Manitoba’s Court of Appeal has overturned a $348,000 damage award against the province’s auto insurer, finding that the insurer did in fact act in good faith towards a person injured in a collision involving an uninsured auto. In making its

Damage caused by heavy rains and mudslides is pictured along the Coquihalla Highway near Hope, B.C.
News B.C.Claims

Why the B.C. floods had less insured damages than the Calgary flood

January 5, 2022 by Alyssa DiSabatino

British Columbia suffered its worst flood in the province’s history in late 2021, causing approximately $450 million in insured damages, according to estimates by Catastrophe Indices and Quantification Inc. (CatIQ).   Still, the insured damages pale in comparison to Canada’s costliest flood, which

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Ontario court awards more than $107M to families over deadly Flight 752 shootdown

January 5, 2022 by The Canadian Press

OTTAWA – An Ontario court has awarded more than $107 million to families of six victims of the Iranian military’s downing of a passenger jet two years ago. The decision made public Monday follows a May ruling that the missile

News B.C.CatastrophesClaimsCommercialEnvironmental

B.C. farmers ‘white knuckling’ their way through extreme cold after floods, heat dome

January 4, 2022 by Amy Smart - THE CANADIAN PRESS

VANCOUVER – Richard Bosma’s cows had been home for less than a week after an evacuation due to flooding in Abbotsford, B.C., before temperatures plummeted on his farm. Bosma, who credits his faith with helping him remain resilient in a