Topic Liability
Why ICLR is heading West
April 19, 2024 by Philip PoradoAs part of a partnership with Wawanesa Insurance, the Institute for Catastrophic Loss Reduction (ICLR) will set up a new ICLR Climate Resilience Centre in Winnipeg. Wawanesa is providing office space and operating funds for the new centre. The centre…
How forensic engineers help resolve construction disputes
April 16, 2024 by Yasser Korany, KSI Engineering and Mina Tesseris, ArbiTECHCanada’s construction sector, which accounts for 7.5% of the country’s GDP according to the Canadian Construction Association, is seeing a rise in construction claims and disputes. That’s partially due to the increasing technical sophistication of construction projects, escalating price of…
How lithium-ion batteries threaten recycling facilities
April 3, 2024 by Philip PoradoIntroduction of lithium-ion batteries has introduced new hazards into the everyday lives of Canadians due to their ability to catch fire spontaneously – a phenomenon known as ‘thermal runaway.’ What began as concerns about fires started by cell phone and…
Canadian bridges are safe, officials say, after U.S. bridge rammed by ship collapses
March 27, 2024 by Jacob Serebrin – The Canadian PressCanadian authorities tried to reassure the public about the safety of bridges in the country following the collapse of a bridge in Baltimore, Md., early Tuesday morning after it was rammed by a container ship. Halifax Harbour Bridges, which operates…
Rising insurance premiums create challenges for local municipalities
March 20, 2024 by Wayne Doyle, Local Journalism Initiative Reporter, BarrieToday.com – The Canadian PressThe cost of insurance for local municipalities continues to rise. Springwater Township received its annual insurance renewal notice last Friday at a cost of $625,709.52. That’s almost $42,000 more than last year, or slightly more than seven per cent. According…
‘Negligent operation’ of ATV includes turning it over to inexperienced driver
March 18, 2024 by David GambrillIf parents permit an adult child to use their all-terrain vehicle (ATV), and the son or daughter then negligently turns over control of that ATV to an inexperienced driver who gets seriously injured in a crash, the parents can be…
Who’s responsible when construction projects go wrong
March 13, 2024 by By Dr. Yasser Korany, KSI EngineeringConstruction project delays can expose commercial insurers to significant claims costs. Canada’s property and casualty insurance market collected more than $748 million in direct written premiums for surety bonds in 2022, per Canada’s solvency regulator, the Office of the Superintendent…
Paid the claim? No need to re-appraise after limitation period, court says
March 12, 2024 by Alyssa DiSabatinoAn insurer that has already paid a claim doesn’t have to do a follow-up appraisal after the limitation period has expired, Ontario’s Superior Court of Justice has ruled. “An admission of liability to pay on the part of an insurer…
Industry responds to FSRA’s plan for insurer MGA supervision
March 7, 2024 by Alyssa DiSabatinoPotential risks stemming from P&C insurers’ managing general agent (MGA) outsourcing practices have caught the eye of Ontario’s insurance regulator, and it’s looking for feedback from stakeholders on a supervision plan. Insurers and MGAs alike have begun to weigh…
Landmark opioid case wrestles with who defends among multiple insurers
March 1, 2024 by David GambrillWhen multiple commercial insurers are on the hook consecutively for long-tail claims spanning decades, defence costs should be allocated according to the proportion of time they were on risk, the Ontario Appeal Court ruled this week. The court’s landmark decision…
Here’s what creates risks for hospitality providers in 2024
February 26, 2024 by Philip PoradoAs Canada eases out of the COVID-19 pandemic, the country’s restaurateurs, hoteliers, and event venue operators face a multitude of risks. Changes over the past four years have hospitality providers swimming in a toxic soup of pandemic-stunted social habits, inflation-dented…
Will bigger vehicles lead to bigger claims?
February 23, 2024 by Philip PoradoWith accident rates climbing, one growing area of concern is that vehicles are becoming much larger. For example, rapid changes in vehicle specs mean full-size SUVs from 1999 would today meet the gearhead moniker of ‘Cute Ute.’ With sport utility…