Keyword
Coverage
Between a rock & a hard market
October 1, 2019 David Gambrill, Editor-in-ChiefWe asked hundreds of brokers this year about their attitudes, business strategies, and best practices. Their valuable insights show how brokers can succeed during this challenging turn in the market cycle
Tips for brokers on insuring high-value homes
July 12, 2018 by David GambrillHigh-value homes are good for business, knowing how to rate them properly is a must. Brokers need to be aware that high-value, custom-built homes or renovations should not be put on Standard Build when determining insurance to value, a broker…
What the court said about a family law approach to “spouse” in auto AB claim
July 11, 2018 by David GambrillThe meaning of the term “spouse” under the Family Law Act is not applicable when determining eligibility for accident benefits under an auto insurance policy, an Ontario court has ruled in a priority dispute between insurers. In Royal & Sun…
How this insurer fared against a drunk driver’s “regurgitation” defence
July 10, 2018 by David GambrillAfter a drunk driver regurgitates alcohol from the stomach to the mouth, taking a breathalyzer test just seconds shy of a 15-minute wait period doesn’t necessarily render the test invalid, a B.C. court has found. In reaching its conclusion, the…
Time to fine-tune residential flood cover, consider high-risk areas: Enders
September 29, 2017 by Angela StelmakowichFlood-related cover for residential policyholders is far advanced from what it was when the devastating floods hit southern Alberta in 2013, but it is now time to refine those offerings and address outstanding issues, says Gord Enders, president of Direct-Line…
SGI Canada customers evacuated by Saskatchewan wildfires have mass evacuation coverage
September 5, 2017 by Canadian UnderwriterSGI Canada policyholders in areas affected by the wildfires in northern Saskatchewan will have mass evacuation coverage in place for 30 days and should be assured that personal and commercial property policies will not be cancelled for 30 days in…
80% of polled Canadians not properly insuring belongings when moving to new homes
August 16, 2017 by Canadian UnderwriterEight of 10 Canadians taking part in a survey from Square One Insurance Services Inc. report not properly insuring their belongings while moving to their new homes. With more than 300,000 Canadians moving to new homes in different provinces each…
Some seasonal small businesses have no insurance coverage heading into summer
July 27, 2017 by Canadian UnderwriterSeasonal businesses need the same risk coverage as year-round operations and busy small business owners should ensure they are appropriately protected as the summer season kicks into high gear, advises TruShield Insurance. Pointing out that small business owners are starved…
Estimated insured damage for June storm in central Alberta upwards of $30 million
July 17, 2017 by Canadian UnderwriterA severe storm that swept through central Alberta in the third week of June is estimated to have caused more than $30 million in insured damage, reports Insurance Bureau of Canada (IBC), citing figures from Catastrophe Indices and Quantification Inc.…
Cat claims out West create stress for home insurers, proactive communications can bolster customer satisfaction: J.D. Power
June 6, 2017 by Canadian UnderwriterA spike in major claims resulting in record losses from catastrophic disasters across Canada over the last few years has created significant challenges for insurance carriers in 2017, a situation that has had an impact on customer satisfaction with the…
Relying on government to solve “big shake” problem courts continued procrastination: Tannas
May 25, 2017 by Angela StelmakowichThe potential for procrastination to address the consequences of a large earthquake in Canada are persistent and pervasive, demanding implementation of a tactical plan that could see “the issue dealt with, one way or another, in the next 12 months,”…
Confusion, frustration common to BI claims can be lessened: RIMS survey
April 26, 2017 Angela StelmakowichPHILADELPHIA – Quantifying business interruption losses continues to be a big challenge, reported by almost six in 10 RIMS members taking part in a recent survey, but a well-conceived approach by risk managers can help to clear any hurdles. “By…