Canadian Underwriter

Topic Loss Trends

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Why this strata unit owner does not have to pay for common area damage

September 9, 2021 by Greg Meckbach

A British Columbia condo corporation that charged a unit owner $25,000 for common property repairs has been ordered to reverse $15,000 of the charge. Claire Adamson owns a strata unit which she rents out. Adamson lives at a different address.

News CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsNewfoundland & LabradorNova ScotiaPersonal HomeProperty

New tropical storm warning for Atlantic Canada

September 7, 2021 by Greg Meckbach

Large waves could hit Canada’s Atlantic coast this Thursday as Hurricane Larry moves north, Environment Canada warns. UPDATE – What we know so far about Canadian Hurricane Larry claims On Tuesday morning, the Category 3 hurricane was causing winds of

News ClaimsClaims Canada ArchiveCommercial AutoInsurersLoss ControlLoss TrendsPersonal AutoRisk Managers

When your commercial auto client smells a rat

September 2, 2021 by Greg Meckbach

Tall grass and vegetation are not good choices for areas to park or store construction equipment, trucks, recreational vehicles, campers, trailers or trucks. This is because rodents tend to like tall grass, Northbridge Insurance warns. “If buildings, vehicles, and equipment

News B.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialConstructionLegalLiabilityLoss TrendsRisk Managers

Engineering or maintenance? Why both CGL and professional liability could cover this lawsuit

September 1, 2021 by Greg Meckbach

A British Columbia court has ruled in favour of Northbridge General Insurance Corporation in a dispute with XL Specialty Insurance Company over liability coverage arising from a strata power failure. Both insurers wrote policies for PCA Valence Engineering Technologies Ltd.,

jury
News ClaimsClaims Canada ArchiveInsurersLegalLoss ControlLoss TrendsOntarioPersonal Auto

Shhh! Don’t show this article to a jury in a vehicle accident lawsuit

August 31, 2021 by Greg Meckbach

An Ontario court has refused a plaintiff’s request to tell a jury about the statutory deductible, of nearly $40,000 for pain and suffering, in motor vehicle accident tort claims. “The jury is not asked to determine how much the plaintiff

News ClaimsClaims Canada ArchiveInsurersLoss Trends

What industry-wide claims ratios were like for the first half of 2021

August 30, 2021 by Greg Meckbach

Canada’s federally-regulated property and casualty insurers collectively made an after-tax profit of $4.23 billion on direct written premiums of nearly $32 billion during the first half of 2021, recently-released regulatory data shows. Most major lines had claims ratios below 55%.

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How Lloyd’s says your client could suffer reputational harm

August 25, 2021 by Greg Meckbach

Up to a quarter of the value of some of your commercial clients’ firms could be their own brand and reputation. This reputational value could degrade quickly if your client is perceived to have behaved badly, a Future of Insurance

News AdjustersAlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsOntarioPersonal HomePropertySupply Chain

3 things that can reduce risk of property cat loss recurrence: Aviva Canada CEO

August 24, 2021 by Greg Meckbach

Fire resistant cement board siding, hail-resilient asphalt shingles and backwater valves are among the measures property owners can implement now to protect their assets from climate-related disasters, Aviva Canada CEO Jason Storah suggested Tuesday. “We have enough scientific data to

News B.C.ClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsPersonal Home

Intact Centre, Insurance Bureau react to latest Liberal election promise

August 19, 2021 by Greg Meckbach

Wednesday’s Liberal election promise answers a call from Canada’s property and casualty insurance industry for a national standard for scoring properties on their resilience to weather-related disasters. In a speech in British Columbia Wednesday, Prime Minister Justin Trudeau promised a

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Why future care damages exceed $1.2 million in this auto tort case

August 18, 2021 by Greg Meckbach

A British Columbia judge has awarded $1.26 million, in future care costs, to a plaintiff who was hit by a car in 2015. In Pevach v. McGuigan Estate, released Aug. 3, Justice Gordon Funt of the Supreme Court of British Columbia

News AlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLoss ControlLoss TrendsNova ScotiaPropertyRisk Managers

Maritime farmers ship hay to drought-stricken Prairies

August 18, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – Farmers in the Maritimes are pitching in to help their drought-stricken Prairie counterparts facing a “devastating” situation. On his farm in the Annapolis valley north of Halifax on Tuesday, Tim Marsh was busy baling hay that will ship

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
News BrokersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialInsurersLoss ControlLoss TrendsPropertyRisk Managers

How to help clients mitigate water damage risk

August 17, 2021 by Canadian Underwriter Staff

With water damage claims due to infrastructure failures costing the industry much more per year than natural catastrophes, brokers need to be more proactive in helping clients understand coverages and risk mitigation strategies. Infrastructure and plumbing related water damage is