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contractor

News Insurance

Why Northbridge doesn’t have to pay a $1.8-million default judgement against its insured

November 2, 2020 by David Gambrill

An Ontario property developer owed approximately $1.8 million by its contractor has failed in its bid to recover the money from the contractor’s insurer, the main reason being that it took nine years to notify the insurer of the claim.

News BrokersCommercial LinesConstructionInsurance

CSIO finalizes standard set of questions for underwriting this commercial line

November 19, 2019 by Jason Contant

The Centre for Study of Insurance Operations’ (CSIO) commercial lines working group has finalized a standard set of questions required for underwriting small contractor new business submissions. “This is a significant step in implementing commercial lines data standards in the

News ClaimsInsurance

Claims professionals speak out amid allegations of contractors providing insurance advice

June 21, 2018 by Jason Contant

Ontario and Quebec’s May 4 windstorm event has the Canadian claims industry talking about the proper roles of contractors and adjusters, based on unconfirmed reports that individual rogue contractors – e.g. not people associated with the larger restoration contracting firms –

News InsuranceLegalMarkets / Coverages

Strata’s ‘quick fix’ repair doesn’t have to be perfect: tribunal

January 11, 2018 by Greg Meckbach

A British Columbia strata corporation is not negligent in attempting to fix a leaking skylight by re-caulking instead of replacing it, even though the skylight started leaking later, the province’s civil resolution tribunal found in a ruling released Tuesday. Karen

News ConstructionInsuranceLegislation / RegulationMarkets / Coverages

Late payments a ‘threat to the viability’ of small construction business: MPP

October 5, 2017 by Canadian Underwriter

Small businesses in the construction industry face “undue risk” of not being paid in a timely manner, a member of the opposition Progressive Conservative party suggested to the Ontario legislature Tuesday. With late payments to construction contractors, “the issue is

News ConstructionInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Legislation would mandate surety bonds on public sector construction projects in Ontario

September 13, 2017 by Canadian Underwriter

Surety bonds written by licensed insurers will be mandatory for certain public construction projects in Ontario if a bill tabled Tuesday is passed into law. Bill 142, if passed into law, will “require surety bonds to be posted on public

News ConstructionInsuranceLegal

Need for building code upgrades ‘did not come about’ due to ice damage: Alberta court

August 14, 2017 by Canadian Underwriter

The Supreme Court of Canada will not be hearing an appeal from an Edmonton shopping mall owner, whose award – of more than $500,000 against insurers, arising from a disputed claim involving building code upgrades – was reversed on appeal.

News ConstructionInsuranceMarkets / Coverages

Approved Surety & Casualty launches program to enhance contractor bonding limit

June 12, 2017 by Canadian Underwriter

Toronto-based Approved Surety & Casualty Inc. announced on Monday that is has launched a capital disbursement program for brokers to enhance contractor bonding limit. “Approved Capital is a capital disbursement program for brokers that will allow their contractor clients to

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProducts

Opta Information Intelligence launches iClarify Farm Solution for Canadian insurance marketplace

April 19, 2017 by Canadian Underwriter

Opta Information Intelligence has announced the expansion of its suite of services to the Canadian property and casualty (P&C) insurance industry with the launch of iClarify Farm Solution. Markham, Ont.-headquartered Opta, creator of iClarify and Peril Score analytic solutions, announced

News CatastrophesInsuranceMergers and Aqcuisitions

Ten charges laid in oil spill that fouled English Bay beaches in Vancouver

March 30, 2017 Laura Kane - THE CANADIAN PRESS

VANCOUVER – Charges have been laid against the owners of the MV Marathassa nearly two years after a leak of bunker fuel onto the beaches of English Bay in Vancouver, but the company is trying to scuttle the proceedings. Documents