Canadian Underwriter

Keyword
comprehensive coverage

Rideshare driver calls his insurance company after a minor accident
News BrokersClaimsInsurance

Brokers: how to advise rideshare drivers on their deductibles

March 15, 2024 Philip Porado

Drivers working for rideshare and delivery companies must be careful when setting deductibles on personal auto coverage. And they need to make sure their personal insurers know they’re doing rideshare work and carry the appropriate endorsements. A lot of drivers

Car driving through floodwaters
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Are you covered for driving through flood water?

June 5, 2023 by Jason Contant

British Columbia’s Civil Resolution Tribunal (CRT) has ruled in favour of the province’s public auto insurer after finding it properly classified a water-damaged vehicle under collision coverage. At issue was whether Insurance Corporation of British Columbia (ICBC) correctly determined water

Dealer hands over car key to buyer
News ClaimsClaims CanadaInsuranceLegal

Court favours insurer in case that differentiates between leasing and financing

January 14, 2022 by David Gambrill

B.C.’s public insurer is off the hook to pay for vandalism damage done to a car that was jointly owned by the driver and his finance company, because the arrangement between the two car owners was not a true lease.

News CatastrophesInsuranceMergers and Aqcuisitions

ICBC reports 124 claims and $500,000 in costs from wildfires to date

August 23, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) reported on Wednesday that it has received 124 claims to date, at a cost of $500,000, from the wildfires burning in the province. Most vehicle damage claims were related to extreme heat and smoke damage, with some vehicles even rendered as total losses, ICBC reported in a press release.
Recognizing that it is experiencing the “worst wildfire season in the province’s history,” ICBC added that it has made formal changes to its policies to reflect “these special circumstances for customers on evacuation…

News InsuranceLegalMergers and Aqcuisitions

Exclusion clause for ‘conversion’ in comprehensive auto policy ‘does not come close’ to being easily intelligible: Court

April 24, 2017 by Canadian Underwriter

An exclusion in an auto insurance policy for loss or damage caused by “conversion,” by someone in lawful possession of a vehicle does not apply to a truck tractor badly damaged by fire, a Supreme Court of British Columbia judge