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Brokers urged to stay on top of coverage changes as businesses re-open

June 22, 2020 by David Gambrill

Brokers are advised to be aware of the “second wave” — and that doesn’t refer to the anticipated increase in the number of novel coronavirus infections in the fall. No, brokers are now being cautioned about the new wave of…

News AdjustersCatastrophesClaims CanadaInsurance

How pandemic could complicate claims adjusting after Alberta hail storm

June 22, 2020 by Greg Meckbach

The COVID-19 pandemic could complicate the movement of adjusters if help is needed from south of the border to deal with the aftermath of the recent southern Alberta storm. “I think customers by and large are recognizing that it’s complicated…

News ClaimsClaims CanadaLegalRisk

Why waivers won’t necessarily protect clients from COVID-19 liability

June 22, 2020 by Greg Meckbach

Waivers of liability for disease transmission might protect commercial clients from lawsuits, but the industry will not know for sure until one is tested in an appeal court, a litigation defence lawyer suggests. A waiver will not, on its own,…

News BrokersInsurance

The likelihood that COVID-19 could kill a Canadian P&C insurer

June 22, 2020 by Adam Malik

There’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO…

News Insurance

Out of control forest fire in Lac St Jean likely sparked by poorly extinguished campfire

June 22, 2020 by Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – An improperly extinguished campfire is the likely cause behind a massive blaze in Quebec’s Lac-St-Jean region that remains out of control, Quebec’s Forestry Minister told a briefing on Sunday. “This photo is possibly where fire started,” Pierre Dufour…

News Insurance

What effect will investor pressure have on the insurance industry?

June 19, 2020 by Adam Malik

Demands are being placed on the insurance industry and that could set up some tense moments with a couple of groups, suggested the head of Zurich Canada. Demand from insurers, investors and shareholders are significant challenges to the industry as…

News ClaimsClaims CanadaLegalRestoration

How this fumbled washing machine installation led to $54,000 basement flood

June 19, 2020 by Greg Meckbach

For want of a wrench, the basement was lost. This would be one way of summing up the Provincial Court of Alberta’s ruling in Kuerbis v Broderson, which should provide food for thought to brokers placing coverage for commercial clients…

News Insurance

Protecting your receivables: Execs in CU webinar discuss the options

June 19, 2020 by David Gambrill

Canada’s pandemic-induced economic recession is now in full swing, and although businesses are gradually starting to open up after a decline in COVID-19 infection rates, there is a great deal of speculation about insolvencies. And that has the P&C industry…

News AdjustersCatastrophesClaims CanadaInsurance

Calgary hail damage ‘pretty startling’ to this adjuster

June 19, 2020 by Greg Meckbach

If you have clients in the Calgary area who suffered property damage in the June 13 hail storm, they could be waiting a while to get their properties repaired, an executive for one independent adjusting firm suggests. “There are tens…

News Insurance

Health experts urge caution as big business demands loosening of travel rules

June 19, 2020 by Christopher Reynolds - THE CANADIAN PRESS

Health experts are urging caution after business leaders called on Prime Minister Justin Trudeau and provincial premiers to ease air travel restrictions. Paul Pottinger, professor of infectious diseases at the University of Washington’s School of Medicine, says big business should…

News InsuranceTechnology

How the industry can take advantage of artificial intelligence

June 18, 2020 by Greg Meckbach

Brokerages who use artificial intelligence could find opportunities to upsell based on changes in a client’s lifestyle, according to a software vendor executive. The more data you feed a machine learning model and the more you train it, the better…

News InsuranceLegislation / Regulation

How long it’s taking now to approve Ontario auto rate filings

June 18, 2020 by Greg Meckbach

The average Ontario auto insurance filing now takes less than two weeks to get approved, the provincial regulator told Canadian Underwriter. The Financial Services Regulatory Authority announced this past October a “file and use” system for private passenger auto. For…