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Topic Loss Trends

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Why it’s difficult for insurers to forecast future COVID-related losses

July 27, 2020 by Greg Meckbach

Commercial 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

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Multiple townhouse units damaged in Hamilton fire

July 27, 2020 by THE CANADIAN PRESS

HAMILTON – Firefighters were called out early this morning to battle a massive wind-whipped blaze in a townhouse complex (pictured, above) in Hamilton, Ont. The Hamilton Fire Department says the multi-alarm inferno erupted in the city’s east side on Edenrock

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Edmonton man recalls comforting victims of fatal bus rollover

July 24, 2020 by Lauren Krugel -  THE CANADIAN PRESS

Ahad 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

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Northbridge’s advice to restaurants upon re-opening

July 23, 2020 by Greg Meckbach

As 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

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Toronto mayor says masking bylaw possible if apartment buildings don’t comply

July 23, 2020 by Jake Kivanc - THE CANADIAN PRESS

Toronto 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

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The issue with this waiver in trampoline personal injury lawsuit

July 22, 2020 by Greg Meckbach

An indoor trampoline operator has lost its bid to have a personal injury lawsuit from a customer dismissed on the grounds of a waiver. In Zaky v. 2285771 Ontario Inc., Ontario Superior Court Justice Clayton Conlan ruled there is a

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What risks keep mining clients up at night?

July 20, 2020 by Greg Meckbach

If 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

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Tour company investigating Alberta glacier bus crash that killed three

July 20, 2020 by Bill Graveland - THE CANADIAN PRESS

COLUMBIA ICEFIELD, Alta. – The president of the company that runs the bus tours at the Columbia Icefield between Banff and Jasper said changes will be made, if necessary, after a rollover on the glacier killed three people and sent

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How pandemic is making a common marine risk problem worse

July 16, 2020 by Greg Meckbach

The 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

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How many claims the Calgary hail storm caused

July 16, 2020 by Greg Meckbach

The industry is dealing with more than 70,000 claims arising from last month’s hail storm in Alberta, but it’s not clear yet how much of the bill will get picked up by reinsurers, the Insurance Bureau of Canada reports. The

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Bar reopenings going ahead in Ontario as Quebec links cases to bars in Montreal

July 16, 2020 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – 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

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What happened when this strata unit owner got sued over toilet supply leak

July 15, 2020 by Greg Meckbach

A 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