Keyword
homeowner
Oil spill case resolved after party that was not at fault paid for the clean-up
April 5, 2018 by Greg MeckbachA homeowner whose insurance did not cover the full cost of cleaning up his furnace oil spill was recently awarded $473,000 in legal costs after he sued the fuel company. The December 2008 incident, in which hundreds litres of oil…
When security goes too far
January 29, 2018 The Canadian PressSYDNEY, N.S. – A Nova Scotia judge says it’s not the court’s place to enforce good manners, in ruling on a case that pitted a homeowner’s interests in monitoring her property against her neighbour’s privacy concerns. Provincial court Judge Peter…
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…
Close to Home
July 28, 2017 Robert Lajdziak, Insurance Business Consultant, Insurance Practice; and Valerie Monet Senior Director, Insurance Practice, J.D. PowerThe lack of policy coverage understanding by consumers represents a major threat to home insurers’ reputations. Educating consumers now, in advance of damaging perils like flooding, could
encourage policyholder understanding and discourage dissatisfaction with insurers should such an event occur.
Canadians evacuated from homes after a wildfire can expect to suffer $11,300 in financial losses: Square One Insurance
July 6, 2017 by Canadian UnderwriterCanadians evacuated from their homes because of wildfires can expect to suffer an average of $11,300 in financial losses, a recent study from Square One Insurance Services Inc. has found. Those with home insurance can recover most, but not all,…
Claims in Action
February 2, 2017 Pat Van Bakel, Chief Executive Officer, Crawford CanadaThe scale and complexity of the Fort McMurray wildfire sparked a multitude of claims issues for the insurance industry as a whole. But a concerted effort by all stakeholders helped insurers address the many and unique challenges in the aftermath of the record loss.
The Co-operators launches overland flood insurance for Ontario
June 27, 2016 by Canadian UnderwriterThe Co-operators General Insurance Company announced on Monday that it has launched new insurance coverage that protects homeowners in Ontario against damage caused by overland flooding. The new coverage, which is available throughout the province, is an inclusive and flexible…
More than half of all properties in New Orleans removed from special flood hazard areas
April 12, 2016 by Canadian UnderwriterDue to significant improvements in drainage and flood protection, more than 53% of all properties in New Orleans were removed from special flood hazard areas and, as a result, will benefit from more affordable flood insurance, the mayor of the…