Topic Claims
Where Intact CEO sees personal home rates heading
February 7, 2022 by Jason ContantPersonal home insurance will continue to face a firm pricing environment for the foreseeable future, the CEO of Intact Financial Corporation said at a recent virtual conference. “You can expect a firm pricing environment, mid- to upper-single-digit range for the…
Are businesses covered for damage caused by the Freedom Convoy?
February 7, 2022 by Alyssa DiSabatinoMore than a week after the “freedom convoy” rolled into Ottawa, some in the P&C industry are discussing whether or not business interruption claims due to civil disobedience are insured risks. Ottawa’s downtown centre has been paralyzed with vehicles…
More than 7,000 in N.S. without power as crews repair damage caused by winter storm
February 7, 2022 by The Canadian PressHALIFAX – More than 7,000 customers in Nova Scotia are still without power after a weekend storm that brought freezing rain across the province damaged power lines. Matt Drover with Nova Scotia Power says about 7,403 customers are still without…
How to reduce escalating municipal insurance costs
February 4, 2022 by Jason ContantOntario’s Ministry of the Attorney General has established a ‘technical table’ to review issues surrounding rising municipal insurance costs, including joint and several liability. “Insurance costs for municipalities in Ontario have been rising, and the subject of much concern for…
Another winter storm batters Atlantic Canada as officials warn of widespread outages
February 4, 2022 by Danielle Edwards - THE CANADIAN PRESSHALIFAX – A large, slow-moving storm has descended on Atlantic Canada, forcing the closure of schools and government offices, as parts of Nova Scotia brace for an extended period of freezing rain. Environment Canada has warned that widespread power outages…
Court tosses fraudulent $300K contents claim after farm fire
February 2, 2022 by Alyssa DiSabatinoThe Court of Appeal of Manitoba has dismissed a case in which a claimant provided no evidence for his $300,000 claim for contents lost in a fire that destroyed his farm. In the original trial, Frenchie’s Farm and Ranch…
Indemnities can significantly increase the risk to your client
February 1, 2022 by Michael CareyCorporations are increasingly using standard form agreements to conduct business with suppliers. If your client is faced with one, watch out for the inclusion of an unlimited indemnity. A standard form agreement provides several benefits to the corporation that drafts…
Omicron variant raises uncertainty as companies downgrade forecasts
February 1, 2022 by Christopher Reynolds - THE CANADIAN PRESSThe highly transmissible Omicron variant has prompted companies in the manufacturing and resource sectors to downgrade their earnings forecasts amid ongoing uncertainty linked to the COVID-19 pandemic. Cascades Inc., the Quebec-based packaging and tissue company, said Monday it expects fourth-quarter…
Why did auto insurance rates go up in some Ontario communities?
January 31, 2022 by Jason ContantWhile auto insurance premiums across Ontario dropped an average of 3.8% last year from 2020, certain areas saw single- or double-digit increases, according to a recent report from rate aggregator Ratesdotca. The cities of Nobleton, Schomberg, Orangeville and King City,…
Powerful winter storm sweeps Maritime provinces, creating treacherous conditions
January 31, 2022 by The Canadian PressHALIFAX – A powerful winter storm swept across the Maritimes on Saturday, blanketing much of the region in heavy, blowing snow and causing road closures, power outages and widespread cancellations. Drivers were urged to avoid travel amid blizzard-like conditions, and…
Weather warnings: Residents of the Maritimes bracing for another major winter storm
January 28, 2022 by The Canadian PressHALIFAX – Environment Canada is warning residents of the Maritimes to prepare for power outages as a major winter storm – the fourth this month – is expected to lash the region Saturday with blowing snow, freezing rain and howling…
Returning to COVID-vacated offices comes with challenges
January 26, 2022 by Mark CammisuliHumans weren’t the only ones impacted by the pandemic. The buildings in which we work and live have been subjected to some neglect and we are likely to start seeing the effects of this as we return to our pre-pandemic…