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Court finds coverage for subcontractors when broad policy provision included by accident

July 5, 2018 by David Gambrill

A B.C. court has found that a design-build contractor and an architectural and engineering firm are both entitled to coverage under a Lloyd’s Underwriters policy that included a broad provision to insure “any firm(s)” providing “professional services” to a B.C.…

News InsuranceMarkets / CoveragesTechnology

How to explore an untapped market in identity fraud protection

July 5, 2018 by Jason Contant

While the majority of polled Canadians (86%) believe they are increasingly at risk of identity fraud, only about one-quarter have identity fraud protection, a recent survey has found. Conducted on behalf of Vancouver-based fintech company Mogo, the survey polled 1,514…

News Legal

Neighbours’ spat over flooding, catch-basin access leads to $100,000 court award

July 5, 2018 by Greg Meckbach

The owner of a property with a non-functioning catch-basin has to pay her neighbour more than $100,000 because flooding prevented the neighbour from renting apartments, the Court of Appeal for Ontario ruled last week. Terrence and Matilda Berg own a…

News CatastrophesClaimsInsuranceRestoration

How the pieces of the puzzle fit together during a catastrophe

July 5, 2018 by Jason Contant

Following a catastrophe, policyholders are best served when adjusters and contractors adhere to their professional limitations in managing a loss, an industry executive said Tuesday. Jim Eso, senior vice president of property and casualty with Crawford and Company (Canada) Inc.,…

News CatastrophesClaimsLegislation / Regulation

How Canada fares on rail risk five years after Lac-Mégantic

July 5, 2018 by Greg Meckbach

There is room for improvement in managing railway risk, the Transportation Safety Board of Canada suggested in a release marking the fifth anniversary of the Lac-Mégantic, Quebec, tragedy. For years, TSB has been calling for more ways to stop trains,…

News InsuranceMarkets / Coverages

Falls sending more Canadians to hospital, report shows

July 5, 2018 by Sheryl Ubelacker - THE CANADIAN PRESS

TORONTO – A raised bit of concrete on a sidewalk. An icy patch on the road. A misstep on the stairs at home. All of these can lead to accidental falls – landing a person not only on the ground,…

News InsuranceLegal

Novel concept of ‘impaired by distraction’ quashed by Supreme Court of Canada

July 4, 2018 by Greg Meckbach

Driving while engrossed in a heated conversation may be a form of distraction, but is not a form of impairment, the Supreme Court of Canada suggested in a divided ruling released Friday. In May 2013, a toddler died after an…

News InsuranceMarkets / CoveragesMGAs

Shop Canadian when selling marine, brokers advised

July 4, 2018 by Jason Contant

Brokers interested in selling marine insurance should target coverholders and managing general agents (MGAs) in Canada rather than going straight to the London market, a senior marine surveyor told Canadian Underwriter recently. “There are a lot of MGAs and coverholders…

News InsuranceMergers and Aqcuisitions

M&A-lite: a new way to transform the business

July 4, 2018 by Greg Meckbach

Improving distribution and exploring sophisticated technologies such as artificial intelligence are among the major reasons why insurance CEOs are looking to make deals such as mergers and acquisitions these days. But some of these objectives can be accomplished through other,…

News AppointmentsInsuranceProfessional Development

Beazley Canada appoints territory manager for eastern Canada

July 4, 2018 by Jason Contant

Specialist Lloyd’s insurer Beazley has appointed Jo-Anne Hawthorne as territory manager for eastern Canada. Reporting to Cheryl Hobbs, Hawthorne will be responsible for developing closer relations with brokers in Ontario, Atlantic Canada, Ottawa and Quebec, with a view to building…

News BrokersInsuranceLegal

What happened to the broker caught cheating on her CAIB 3 exam

July 4, 2018 by David Gambrill

A B.C. broker caught cheating on her CAIB 3 broker licensing exam has had her general and life insurance licenses suspended for a year. The Insurance Council of B.C. noted the broker was not deceptive when confronted about her behaviour.…

News ClaimsConstructionInsurance

Hundreds of New Brunswick flood victims still out of homes months after deluge

July 4, 2018 by The Canadian Press

FREDERICTON – Hundreds of people remain out of their homes in New Brunswick months after historic floodwaters swept through the province, destroying buildings and inundating highways. Bill Lawlor, director of the Canadian Red Cross in New Brunswick, said Tuesday that…