Segment
Claims
What makes the current claims environment so challenging?
December 2, 2022 Philip PoradoA convergence of global factors will cause above-average levels of claims inflation for the foreseeable future. Claims professionals who spoke with Canadian Underwriter said multiple market-dependent factors – including prolonged COVID-19 lockdowns in China, political instability, labour and materials shortages,…
Why ‘claims holiday’ is coming to an end for auto insurers
December 1, 2022 by Jason ContantThe ‘claims holiday’ auto insurers enjoyed the last couple of years is coming to an end. Auto physical damage losses in some provinces are elevated despite fewer collisions, according to a new report from Navacord brokerage Lloyd Sadd. Insurers’ auto…
An insured driver is injured when an uninsured car-jacker steals her car. Who covers?
December 1, 2022 by David GambrillInsured drivers owning stolen vehicles must go to Facility Association — not their own private auto insurers — to get compensation for injuries sustained in assaults against them involving uninsured car-jackers, a Nova Scotia court has ruled. The Supreme Court…
Ontario’s most expensive cities for car insurance
December 1, 2022 by Alyssa DiSabatinoBrampton is Ontario’s reigning champ for the city with the most expensive car insurance — 62.5% higher than the province’s average. That said, the city has become more affordable since 2020, when it was 123.5% more expensive than the rest…
Largest recorded Alberta earthquake probably natural, scientist says
December 1, 2022 Bob Weber - THE CANADIAN PRESSEDMONTON – The largest earthquake ever recorded in Alberta, which rattled homes and nerves Tuesday, was probably due to natural causes, says a geologist. Rebecca Salvage of the University of Calgary says the 5.6-magnitude quake that rumbled near Peace River…
Flood policy education: What brokers are up against
November 30, 2022 by David GambrillHalf of Canadian homeowners have not purchased additional coverage for water damage, relying on a standard homeowner policy that does not cover risk of overland flood or water seepage into the home. Endorsements are available to extend coverage for water…
Traffic mayhem, power outages, plane off taxiway as snow hits B.C. south coast
November 30, 2022 The Canadian PressVANCOUVER – The first major fall snowstorm to hit British Columbia’s south coast paralyzed traffic, cut power to thousands of homes and even affected Vancouver International Airport as a plane skidded off a taxiway. The snow and freezing temperatures turned…
Auto insurance doesn’t always apply just because an auto’s involved
November 29, 2022 by David GambrillTwo Quebec Court of Appeal decisions in 2022 demonstrate it’s not enough to show an auto is involved in a claim for an insured to be eligible for compensation under the province’s auto insurance scheme, a Quebec lawyer writes in…
Canada’s top five federal contaminated sites to cost billions to clean up
November 29, 2022 Emily Blake - THE CANADIAN PRESSYELLOWKNIFE – With a cost estimate of $4.38 billion, remediation of the Giant Mine, one of the most contaminated sites in Canada, is also expected to be the most expensive federal environmental cleanup in the country’s history. The figure, recently…
Cyber incident cancels online classes, knocks out email, phones at school board
November 28, 2022 The Canadian PressWHITBY, Ont. – The Durham District School Board says online classes have been cancelled after it was subject to what it’s calling a “cyber incident.” The board, which serves Oshawa and the surrounding region east of Toronto, says it learned…
Why this dirt bike in closed competition was considered an “automobile”
November 25, 2022 by David GambrillA dirt bike driven in a closed course motocross competition is an “automobile” under Ontario’s auto accident benefits scheme, thus paving the way for a seriously injured driver to claim auto accident benefits from his auto insurer, the Ontario Court…
Insurance forecast for snow plough operators this season
November 25, 2022 by David GambrillHard market conditions in slow plough insurance are continuing to blow through, if Aviva Canada’s latest rate filing with Nova Scotia’s insurance regulator is any indication. Nova Scotia’s Utility and Review Board approved Aviva’s refinement of its rate surcharge for…