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There’s UBI for auto, could it work for home?

June 11, 2020 by Adam Malik

If the more you drive means the likelier you are to have an auto claim, the same thinking could apply to home insurance claims, as people adhere to shelter-in-place guidelines during the COVID-19 pandemic, says a risk expert. If people…

News Insurance

One cheap way for cities to reduce basement flood risk

June 11, 2020 by Greg Meckbach

The Intact Centre on Climate Adaptation is encouraging Canadian municipalities to follow the example of Nova Scotia municipalities that are distributing basement flood prevention tips to property owners with their tax bill. Starting Friday June 12, both the town and…

News InsuranceLegal

When courts might rule against insurers in business interruption coverage disputes

June 11, 2020 by Greg Meckbach

A commercial insurer could end up paying for losses that the carrier never intended to cover if a business interruption insurance policy covers government orders or advice to shut down a workplace without clearly excluding something like a widespread pandemic,…

News Catastrophes

How wildfire crews are avoiding COVID transmission

June 11, 2020 by Greg Meckbach

Changing the way firefighters eat their meals in camps, having masks on hand, and social distancing are among the precautions the Saskatchewan government has taken to ensure it responds to disasters with the ongoing pandemic. “In Saskatchewan, we have already…

News CatastrophesClaimsClaims Canada

Environment Canada says tornadoes destroy barns, down trees in southern Ontario

June 11, 2020 by THE CANADIAN PRESS

GLENCOE, Ont. – Environment Canada says it’s investigating after two tornadoes were reported near London, Ont., Wednesday night. The weather agency says the first happened at 7:50 p.m. in Glencoe, Ont., while the second happened 40 minutes later in Belmont,…

News Insurance

Road tests for certain types of driver licenses set to resume in B.C

June 10, 2020 by THE CANADIAN PRESS

VANCOUVER – The Insurance Corporation of British Columbia is resuming on-road testing for commercial licences but drivers waiting for passenger vehicle tests must hold on a little longer. In line with B.C.’s COVID-19 restart plan, the corporation says commercial road…

News CatastrophesClaimsClaims CanadaClimate Change

How basement flood risk could rise with pandemic-induced municipal funding crunch

June 10, 2020 by Greg Meckbach

The economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to…

News ClaimsInsuranceTechnology

Self-driving cars may not reduce as many crashes as you think: report

June 10, 2020 by Adam Malik

Insurers expecting the rise of autonomous vehicles to lower collisions may not get the results they were hoping for, according to a new report. It turns out that self-driving vehicles might prevent only about one-third of all collisions, says the…

News Insurance

How to make tenant insurance applications more user-friendly

June 10, 2020 by Greg Meckbach

If you think it is easy for clients to apply for tenant insurance, you might want to consider how much trivia those tenants actually know about the property they occupy. “Every insurance application has questions that aren’t user-friendly and they…

News AdjustersClaims

How the pandemic affects this claims adjuster’s property inspections

June 10, 2020 by Greg Meckbach

Despite the unprecedented closures and precautions arising from the ongoing pandemic, claims adjusters continue to inspect properties affected by disasters. “With exterior damages, social distancing has done nothing to affect [claims investigations] other than requiring us to stay a safe…

News AdjustersClaims CanadaCommercial LinesRisk

How COVID-19 impacts maritime risk

June 9, 2020 by Greg Meckbach

Restrictions imposed on international travel to limit the spread of COVID-19 may be a concern for merchant shipping because crews could be overdue for a rest, Allianz Global Commercial Specialty suggests in a recent paper. “Due to closed international borders…

News InsuranceLegislation / Regulation

Why Ontario auto liability coverage should get cheaper

June 9, 2020 by Greg Meckbach

Ontario auto insurers may have a hard time raising rates as much as they were before May 15; a major factor could be a controversial change to the dispute resolution process that took effect four years ago. New loss trend…