Canadian Underwriter

News


News AdjustersInsuranceMarkets / Coverages

How IBC is addressing hard market in condo insurance

January 7, 2020 by Greg Meckbach

Condo corporations in Alberta that are having trouble finding insurance might be able to get help from the Insurance Bureau of Canada. IBC announced Tuesday it is “engaging” a risk manager who can make practical recommendations to condominium corporations to…

News Legal

Why phone evidence fell short in this triple-collision fraud lawsuit

January 7, 2020 by Greg Meckbach

An insurer suspicious about a vehicle accident obtains evidence that the occupants of the different vehicles were talking by phone to one another. But without knowing exactly who was talking and what the vehicle occupants were talking about, this type…

News ClaimsInsurance

Another snowstorm making its way toward Atlantic Canada

January 7, 2020 by The Canadian Press

HALIFAX – Another snowstorm is headed for Atlantic Canada. Environment Canada has issued snowfall warnings for much of Nova Scotia, saying between 15 and 25 centimetres of snow is expected on Wednesday – along with northerly gusts reaching 70 kilometres…

News BrokersInsuranceMarkets / CoveragesReinsurance

One ray of light in the hard market

January 6, 2020 by Jason Contant

Despite signs of hardening in certain reinsurance markets, and certainly in the primary market, general third-party liability treaties represents a silver lining in the cloud. “Many general third-party liability treaties are ancillary to traditional property treaties and have generally remained…

News AppointmentsBrokersInsuranceMergers and Aqcuisitions

NFP announces leadership changes for Canada

January 6, 2020 by Jason Contant

NFP, an insurance brokerage and consultant that provides property and casualty, employee benefits, retirement and individual solutions, recently announced leadership changes throughout Canada to support its rapid growth in the region. NFP has grown its Canadian team to 750 employees…

News InsuranceLegislation / Regulation

No insurer-based new home warranty system for this province

January 6, 2020 by Greg Meckbach

An insurer-based model for new home warranty was under consideration in Ontario but the current government is maintaining the status quo. “Our government has been looking at the feasibility of a private insurance model for new home warranties and protections…

News Claims

Eastern Newfoundland walloped by first big snow storm of the winter

January 6, 2020 by The Canadian Press

ST. JOHN’S, N.L. – People in eastern Newfoundland reached for their shovels Monday morning as the region was walloped by the first major winter storm of the year. Environment Canada issued storm warnings and special weather statements for the St.…

News ClaimsInsurance

How total losses may trend in 2020

January 3, 2020 by Adam Malik

With no relief in sight regarding the escalation of auto repair costs, software and data company Mitchell predicts that insurers’ total loss volumes will continue to grow. The frequency of total loss outcomes reached 17.53% in the first half of…

News BrokersCommercial LinesInsuranceLegal

“Throw-in” crime coverage: A judge’s cautionary advice to brokers

January 3, 2020 by David Gambrill

A recent Alberta Court of Queen’s Bench decision warns brokers not to overlook advising their clients on “throw-in” crime coverages in pre-set commercial insurance policies. The court concluded that crime coverage is “core” to a commercial insurance policy — even…

News BrokersCommercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Why brokers need to keep abreast of regulatory changes for cannabis

January 3, 2020 by Jason Contant

Brokers with cannabis clients need to keep an eye on the changing legal landscape and cannabis companies’ evolving needs, paying particular attention to directors’ and officers’ liability, a managing general agency told Canadian Underwriter recently. Recreational cannabis became legal in…

News InsuranceLegal

What can go wrong if adjuster fails to obtain coroner’s report

January 3, 2020 by Greg Meckbach

An auto insurer wants to deny liability coverage because its client had alcohol in his blood when he died. The thing is, the insurance company didn’t know its client had alcohol in his blood for three years, which is how…

News InsuranceLegal

LifeLabs facing proposed class action lawsuit over data breach

January 3, 2020 by The Canadian Press

TORONTO – A proposed class action lawsuit has been filed against medical services company LifeLabs over a data breach that allowed hackers to access the personal information of up to 15 million customers. In an unproven statement of claim filed…