Segment
Claims
Do younger Canadians planning vacations value travel insurance?
February 2, 2023 Canadian Underwriter StaffMaking up for the inability to travel during the pandemic is top of mind for 70% of Canadian millennials, who told an Allianz Global Assistance survey conducted by Ipsos they’ll be taking a vacation this year. Of those saying they’ll…
Unexpected construction issues, rising labour costs increase pipeline cost to $14.5 billion
February 1, 2023 Amanda Stephenson - THE CANADIAN PRESSCALGARY – The estimated cost of the Coastal GasLink pipeline has increased by 29 per cent to $14.5 billion, as the company behind the project continues to be dogged by unexpected construction issues and rising labour costs. Calgary-based TC Energy…
Lawsuit over fall at historic Nova Scotia lighthouse allowed to proceed
January 31, 2023 Keith Doucette - THE CANADIAN PRESSHALIFAX – An American tourist who alleges she was injured in a fall at Nova Scotia’s historic Five Islands Lighthouse in July 2017 can proceed with her lawsuit, a Nova Scotia judge has ruled. Mary Riddle of Pennsylvania is suing…
Does your client need D&O or an ancillary coverage?
January 26, 2023 Philip PoradoWhile directors and officers (D&O) insurance is designed to cover individuals and corporate assets on the broadest threat level, certain exposures may require separate, dedicated policies focused on specific risks. When claim scenarios are investigated, it may become clear a…
Southern Ontario digging out after winter storm, snow still falling in eastern parts
January 26, 2023 The Canadian PressMuch of southern Ontario is cleaning up from a major winter storm, while snow remains in the forecast for parts of eastern Ontario. Ottawa and much of eastern Ontario have been under snowfall warnings, though Environment Canada has now ended…
Automotive products manufacturer hit by cybersecurity incident at three factories
January 24, 2023 The Canadian PressTORONTO – Exco Technologies Ltd. says three of its factories have been hit by what it is calling a cybersecurity incident. The company says it has taken steps to secure its systems and mitigate the impact to the company’s data…
Feds say ‘no willing partners’ to bring fire codes onto First Nations
January 23, 2023 Stephanie Taylor - THE CANADIAN PRESSOTTAWA – The federal government does not have a willing partner to find a way to introduce fire codes on First Nation reserves, a newly released document shows. The senior director for the Indigenous Fire Marshal Service, however, says there…
$500,000+ payment ordered for uninsured B.C. tenants
January 20, 2023 Philip PoradoA 2017 apartment fire that a B.C. Supreme Court judge ruled was ‘foreseeable’ led to an order to pay more than $500,000 to the building-owner plaintiff. In his decision in Langara Gardens Holdings Ltd. v. Chen (2023 BCSC 58), B.C.…
Landslides prompt B.C. city to declare state of emergency
January 20, 2023 by Jason ContantCAMPBELL RIVER, B.C. – The City of Campbell River, B.C., has declared a state of local emergency to help it better deal with landslides that have forced some people from their homes. The city says a temporary evacuation order has…
How adjusters can benefit from putting consumers in control of their claims
January 19, 2023 Jason ContantWhen severe weather events take place, not everything can be fixed overnight. There are only so many contractors and thousands of homes will likely need repairs ranging from major to minor. “It comes down to triaging and putting the insured…
Why Ontario should worry about worsening weather
January 19, 2023 by Alyssa DiSabatinoFinal numbers for 2022 show another year of NatCats reaching over $3 billion in insured damages (and, at $3.1 billion, the third highest total NatCat losses in Canadian history). Those figures don’t just point to more insured damages losses for…
Proposal to mostly ban tobogganing in Oshawa, Ont. parks draws criticism
January 19, 2023 Jordan Omstead - THE CANADIAN PRESSA proposal to ban tobogganing at all but two municipal parks in a city east of Toronto is drawing criticism from lawyers who say the plan won’t boost safety and could limit access to the popular winter pastime. But the…