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Economical sets date for final policyholder vote on demutualization

March 17, 2021 by Greg Meckbach

A key step in Economical Insurance’s demutualization process, the third and final policyholder vote, is scheduled May 20, the Waterloo, Ont.-based insurer announced this week. If a client had a policy – either mutual or non-mutual – with Economical in

News BrokersClaimsCommercialInsurersLegalMergers and Aqcuisitions

ARAG-DAS deal unites Canada’s titans in legal expense insurance

March 16, 2021 by Adam Malik

Legal expense insurance company ARAG Group has announced that it will be acquiring competitor DAS Legal Protection in Canada. The deal was announced Tuesday in a move that will see the German-based company acquire the Canadian MGA. Terms of the

News AlbertaBrokersClaimsLegal

Why this ex-broker was fined $5K for trying to get a better deal for her clients

March 15, 2021 by David Gambrill

A former Alberta broker has been ordered to pay a civil penalty of $5,000 for omitting and/or withholding client information on insurance application forms to get a better deal for her clients. The Alberta Insurance Council had already revoked Heather

News B.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLegalLiabilityLoss TrendsPersonal HomeProperty

Why these B.C. strata owners didn’t have to pay the corporation’s $5,000 deductible

March 12, 2021 by Greg Meckbach

A British Columbia strata unit owner is not liable for their strata corporation’s $5,000 deductible on a property claim arising from a fire, the province’s civil resolution tribunal has ruled. Mei Sum Leung and David Leung own a strata unit

News LegalLiabilitySaskatchewan

Proposed class action filed in Saskatchewan over COVID-19 outbreaks in long term care

March 11, 2021 by Stephanie Taylor - THE CANADIAN PRESS

REGINA – A proposed class-action lawsuit has been filed in Saskatchewan against a long-term care operator alleging it lacked proper resources to handle COVID-19. Documents filed Thursday at Regina’s Court of Queen’s Bench say the novel coronavirus spread through different

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsLegalLiabilityOntarioPersonal HomeProperty

Home insurer goes after ventilation unit manufacturers in subrogated fire claim

March 10, 2021 by Greg Meckbach

A subrogated claim arising from a Hamilton area home fire is raising the question of which equipment manufacturer, if any, is liable. In 2013, a fire caused extensive damage to the Ancaster, Ont., home of Mary Arlene and Rudolf Dosen.

News Claims Canada ArchiveCommercialLegal

Intact’s take on UK business interruption test case

March 9, 2021 by Greg Meckbach

A recent British court ruling on business interruption does not change the economics of Intact Financial Corp.’s agreement to acquire a large part of London-based RSA, a senior Intact official confirmed Tuesday. In 2020, the Financial Conduct Authority brought eight

News BrokersClaimsInsurersLegal

How to handle three made-in-COVID client situations

March 8, 2021 by Adam Malik

The COVID-19 pandemic has created a series of unique risk exposures for Canadian policyholders, and industry experts gave a crash course on how they would handle these newly common scenarios. Three made-in-COVID situations presented themselves to clients over the past

News AdjustersClaimsClaims Canada ArchiveLegalOntarioPersonal Auto

Why dirt bike accident victim can get Ontario auto accident benefits

March 6, 2021 by Greg Meckbach

An Ontario claimant who suffered a severely disabling injury after falling off his dirt bike during a competition is entitled to accident benefits under his auto policy. This is the result of Beaudin v. Travelers Insurance Company of Canada, released

News ClaimsClaims Canada ArchiveLegalOntarioPersonal Auto

Aviva reacts to new Ontario towing restrictions

March 3, 2021 by Greg Meckbach

Aviva Canada is supporting new provincial towing restrictions on some Toronto area provincial expressways. On some sections of road, a single towing company will be contracted to remove private passenger vehicles that need to be towed, the Ontario government announced

News Business InterruptionCatastrophesClaims Canada ArchiveInsurersLegalLoss TrendsProperty

Why reinsurers are watching how UK top court defined ‘occurrence’ in business interruption dispute

March 2, 2021 by Greg Meckbach

The British Supreme Court’s interpretation of the word “occurrence,” in its recent COVID-19 business interruption ruling, should not be applied to reinsurance excess of loss treaties, Guy Carpenter experts argue in a recent paper. In a decision released on Jan.

News AlbertaB.C.BrokersCommercialEditorialInsurersLegalRisk Managers

Letter to the editor: Best Terms — the buyer’s point of view

February 26, 2021 by BC Risk & Insurance Manager’s Association

To the Editor, We would like to respond to your editorial titled “Regulators, leave subscription policies alone,” dated Dec. 7, 2020. It is true that these are turbulent times in the insurance market, and that insurers have been experiencing losses