Keyword
replacement cost

Feature Claims CanadaInsurance

Property Loss Update: A review of recent cases, Part 2

November 17, 2017 Glenn Gibson

This is Part 2 of the property loss review that began in the Feb-Mar issue of Claims Canada. Carter et al V. Intact Insurance Company, Ontario Court of Appeal, December 6, 2016   On March 16, 2011 a fire caused…

News InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

Supreme Court of Canada will not hear appeal from insureds seeking replacement cost instead of actual cash value in fire claim

June 2, 2017 by Canadian Underwriter

A disputed property insurance claim arising from a fire in Ottawa, in which the claimants asked for replacement value but the insurer would only pay actual cash value, will not be heard by the Supreme Court of Canada, the court…