Topic Loss Control
New boiler inspection rules coming to Ontario agriculture
July 28, 2020 by Greg MeckbachAn exemption from inspection rules for boilers and pressure vessels in Ontario’s agricultural sector is coming to an end. Starting next year, boilers and pressure vessels will have to get a certificate of inspection from the province’s Technical Standards and…
Why Travelers is confident it does not have to cover many COVID-19 business interruption losses
July 28, 2020 by Greg MeckbachThe Travelers Companies Inc. will have to spend money defending itself in business interruption coverage lawsuits arising from the pandemic, but officials with the New York City-based insurer do not expect it will actually have to pay out on many…
Insurer working on future pandemic coverage for school boards, post-COVID
July 27, 2020 by Greg MeckbachAs the Ontario government prepares its school re-opening plan, the insurer for the majority of the province’s boards is working on a plan to provide pandemic coverage, albeit for future pandemics and not for COVID-19. Within the next six to…
Why it’s difficult for insurers to forecast future COVID-related losses
July 27, 2020 by Greg MeckbachCommercial insured losses caused by the ongoing pandemic cost The Travelers Companies Inc. more than $100 million during the three months ending June 30, but it’s difficult to predict how much more it will cost the insurer in the long…
Edmonton man recalls comforting victims of fatal bus rollover
July 24, 2020 by Lauren Krugel - THE CANADIAN PRESSAhad Saheem and his friend were taking pictures and drinking cold, clean water from the Athabasca Glacier in Jasper National Park when they heard a loud noise behind them. A red-and-white sightseeing bus with giant tires, just like the one…
Northbridge’s advice to restaurants upon re-opening
July 23, 2020 by Greg MeckbachAs restaurants in much of Ontario re-open July 24, a major commercial insurer is warning companies to train their staff carefully. “Servers should bring items such as glasses, cutlery, and single-serve condiments to the table only after the party is…
Toronto mayor says masking bylaw possible if apartment buildings don’t comply
July 23, 2020 by Jake Kivanc - THE CANADIAN PRESSToronto Mayor John Tory said he’s prepared to extend the city’s mandatory masking order to shared spaces inside apartment and condominium buildings if management companies refuse to do it voluntarily. Current mandatory masking bylaws in cities such as Toronto apply…
What risks keep mining clients up at night?
July 20, 2020 by Greg MeckbachIf you have clients in the mining sector, chances are their biggest concerns are how much their customers will pay for their products and how easily they can raise investment capital. Commodity prices and access to capital placed first and…
How pandemic is making a common marine risk problem worse
July 16, 2020 by Greg MeckbachThe pandemic is making it difficult for shipping companies to get spare parts and technical professionals aboard to perform essential maintenance and repair, a new report from Allianz Global Corporate & Specialty suggests. For the insurance industry, the most common…
Bar reopenings going ahead in Ontario as Quebec links cases to bars in Montreal
July 16, 2020 by Mia Rabson - THE CANADIAN PRESSOTTAWA – Canada’s deputy public health chief says going inside a bar to have a drink with friends remains a high-risk activity in the era of COVID-19. Dr. Howard Njoo’s reminder Tuesday came just days before Ontario starts to allow…
What happened when this strata unit owner got sued over toilet supply leak
July 15, 2020 by Greg MeckbachA British Columbia strata owner is not liable for damage to the unit immediately below as a result of a burst toilet supply line, the province’s Civil Resolution Tribunal has ruled. The September 2018 plumbing mishap happened in a strata…
The impact of surreptitious dangerous goods shipments on marine insurance
July 15, 2020 by Greg MeckbachThe marine insurance sector saw a huge drop last year in the number of total shipping losses but the industry continues to have a problem with shippers trying to sneak hazardous and flammable cargo on board without declaring it. “Dangerous…