Topic Liability
How to handle paperwork from pandemic-related policy changes
January 25, 2022 by Tara KellyHave you noticed an uptick in new policies and policy change requests lately? Many P&C insurance companies have, because coverage needs for individuals and businesses throughout Canada changed drastically during the pandemic. For example, people who once had long commutes…
Court sides with insurer in multi-million-dollar spat over sublimits
January 21, 2022 by David GambrillB.C.’s Supreme Court has upheld an insurer’s insistence that a mining company’s business interruption losses were subject to a $10-millon sublimit and not to the full policy limit of $250 million. That said, the court did not agree with the…
The case for tracking your risk advice
January 19, 2022 by David GambrillThe City of Revelstoke, B.C., has been found 35% contributorily negligent for not adhering to a recommendation contained in a 2011 risk management audit, which advised to maintain painted ‘No diving’ signs on a raft in Williamson Lake Park. “The…
Is online the best way for consumers to buy insurance?
January 13, 2022 by Canadian Underwriter StaffA small portion of consumers want to buy insurance online without talking to somebody, Robyn Young, CEO of Excel & Y Insurance Services, told Canadian Underwriter in an interview for the December-January issue. “Do I think that’s the best way…
Court gets tough in $10-million “emotional distress” case
January 12, 2022 by David GambrillCanadian courts are starting to get tough on potentially vexatious claimants, including insurance claimants, as seen in a Jan. 7 decision by the Court of Queen’s Bench in Alberta. In Sun v. Allwest Insurance Services, the Alberta court referred to…
Intellectual property insurance can help smaller firms fight competitor lawsuits
January 11, 2022 by Maddi Brown, CFC UnderwritingA shift toward remote work has led businesses of all sizes to focus on the importance of their intellectual property (IP). There is more IP in existence today than ever, and in more areas as companies look for ways to…
Excess of loss case should be heard in Canada, not New York: court
January 10, 2022 by David GambrillSeveral 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…
Insurer cleared in case of hearing aid replacement mix-up
January 7, 2022 by David GambrillA 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…
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…
Insuring jolly old St. Nick
December 23, 2021 by Brooke SmithDecember 24th is an exciting date for many children — along with the young at heart. But for Santa, it’s all work and potentially an insurance nightmare if he doesn’t have proper coverage. So, if the jolly, red-suited man himself…
Talk to home and auto clients about changes that may affect premiums
December 23, 2021 by Brooke SmithCanadians getting ready to ring in 2022 probably aren’t thinking about insurance coverage. Clients are required to alert brokers to any changes that might impact their coverage throughout a policy period — regardless of the renewal date, said Anthea McFarland,…
Fast pace of private equity investments means more insurance placements for portfolio companies
December 14, 2021 by Jason ContantSpeed can equal success when a private equity firm is looking to acquire a company. But the rush to close a deal can also mean insurance gets put on the back burner. A private equity firm often buys a controlling…