Topic Claims
Insurance isn’t enough: Governments need to do better on natural disaster resilience
January 7, 2022 by The Canadian PressBy 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…
Public auto insurer’s Top 5 fraud cases of 2021
January 6, 2022 by Jason ContantA 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…
What Canadian insurers paid for reinsurance in Jan. renewals
January 5, 2022 by David GambrillReinsurance 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…
Appeal Court overturns $350K bad faith award against public insurer
January 5, 2022 by David GambrillManitoba’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…
Why the B.C. floods had less insured damages than the Calgary flood
January 5, 2022 by Alyssa DiSabatinoBritish 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…
Ontario court awards more than $107M to families over deadly Flight 752 shootdown
January 5, 2022 by The Canadian PressOTTAWA – 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…
B.C. farmers ‘white knuckling’ their way through extreme cold after floods, heat dome
January 4, 2022 by Amy Smart - THE CANADIAN PRESSVANCOUVER – 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…
Liquor and Gaming Authority investigates cyber security incident
December 31, 2021 by The Canadian PressThe Saskatchewan Liquor and Gaming Authority says it’s investigating a cyber security incident that impacted the organization’s computer systems. The organization says it has brought in independent cyber security experts to help address the matter and assess the impact to…
B.C. government warns strong storms will clash with ‘Arctic air’ over the holidays
December 22, 2021 by The Canadian PressVANCOUVER – British Columbia residents are being urged to prepare for extremely cold temperatures, power outages and slick streets as a series of winter storm and freezing rain warnings covered most of the province. The B.C. government released a statement…
Key B.C. highway reopens to truck traffic after flood damage; rebuilds supply chains
December 21, 2021 by The Canadian PressVANCOUVER – British Columbia’s “hobbled” supply chains received a major boost with the reopening of the primary transport route for goods heading to and from Metro Vancouver, a spokesman for the trucking industry said. The Coquihalla Highway between Hope and…
Lawsuit arising from 1982 vehicle accident dismissed in 2021
December 20, 2021 by Greg MeckbachA negligence lawsuit against a plaintiff’s lawyer by an Ontario claimant who was injured in a 1982 motor vehicle accident has been thrown out of court. The claimant settled his accident benefits and tort claims in 1999, when he was…
Travellers should check insurance coverage twice amid changing rules, experts say
December 20, 2021 by Brett Bundale - THE CANADIAN PRESSTravel industry experts are warning Canadians to double check their insurance coverage before embarking on a trip this holiday season amid tightening travel restrictions. Holiday travel has been upended by the latest COVID-19 variant sweeping the globe, prompting some travellers…