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How COVID-19 can trigger a ‘force majeure’ or ‘act of God’ clause in a contract

October 7, 2020 by Greg Meckbach

The COVID-19 pandemic could be considered an “act of God,” but that doesn’t necessarily mean a client can recoup a deposit for cancelling a large gathering, a recent British Columbia Civil Resolution Tribunal ruling suggests. While most property and casualty…

News BrokersInsuranceLegislation / Regulation

Why B.C. brokers are not rallying behind Liberal auto insurance election promise

October 7, 2020 by Greg Meckbach

British Columbia’s Liberal party, which ruled the province from 2001 through 2017, is promising to open auto insurance up to competition if voters return the Liberals to power in the Oct. 24 election. “The ICBC monopoly is a failure and…

News Insurance

The next revolution in telematics: An insurer partners with an automaker to collect data

October 7, 2020 by Adam Malik

An American auto insurer has partnered directly with a car manufacturer to get access to driver data and provide insurance coverage based on that information — and one Canadian expert thinks it’s a viable idea that could gain traction here.…

News Insurance

House fire in small Newfoundland town spreads to other buildings

October 7, 2020 by The Canadian Press

HEATHERTON, N.L. – A number of buildings are on fire in the small town of Heatherton, N.L. Muriel Brown works at the local Home Hardware store and says all she sees is smoke and flames when she steps out of…

News ClaimsRisk

What Gore Mutual advises about winter tires

October 6, 2020 by Greg Meckbach

Ontario auto clients should start thinking soon about their seasonal tire change, an executive with Gore Mutual suggests. “As we get further into fall and temperatures begin to drop below seven degrees Celsius, motorists should definitely begin thinking about changing…

News Insurance

Product safety: Good for consumers but costly for insurers

October 6, 2020 by Adam Malik

The good news is that Canada has stringent rules around food and consumer products, which makes it no surprise that there can be many recalls. The flip side, however, is that insuring for recalls is taking its toll on the…

News AdjustersClaims CanadaInsuranceLegal

What business interruption coverage appeal to U.K. Supreme Court could look like

October 6, 2020 by Greg Meckbach

British insurers are not taking yes for an answer from the High Court of England and Wales, which recently ruled that insuring business interruption “following” a notifiable disease, within a certain distance of the client, does in fact mean that…

News Insurance

2020 National Broker Survey: What’s keeping brokers up at night

October 6, 2020 by David Gambrill

Brokers are having trouble finding coverage for their clients these days, and the impact of Canada’s hardening P&C insurance market is fast becoming a strong challenge to the broker channel, as Canadian Underwriter’s 2020 National Broker Survey reveals. Results of…

News Insurance

Auto sales in best showing since outbreak

October 6, 2020 by Anita Balakrishnan - THE CANADIAN PRESS

TORONTO – Auto sales in September were 2.4 per cent higher than a year earlier, marking the best month for dealers since the start of the COVID-19 pandemic. DesRosiers Automotive Consultants Inc. said on Thursday that 169,876 light vehicles were…

News AppointmentsInsurance

Fairfax welcomes back former Canadian governor general to its board

October 5, 2020 by Greg Meckbach

Fairfax Financial Holdings Ltd. announced Monday that former Governor General of Canada David Johnston is back on its board of directors. Johnston had to step down from the Fairfax board when he became Governor General of Canada in 2010, the…

News Insurance

Insurers, collision repairers tout benefits of proposed mandatory certification

October 5, 2020 by Adam Malik

A push to require Ontario collision repair shops to meet minimum standards when repairing vehicles is expected to even out the playing field, make the claims process run more smoothly, help client satisfaction, make roads safer, and potentially bring down…

News Technology

How you can cut down time spent searching underwriting manuals

October 5, 2020 by Greg Meckbach

Some brokerage staff members could be spending hours each day just searching for information in their carriers’ underwriting manuals – time that could be put to better use, the head of a technology vendor suggests. Some of the longest underwriting…