Segment
Claims
Boat sinks with 10,000 litres of fuel near Canada-U.S. marine border
August 17, 2022 The Canadian PressVICTORIA – A fishing boat that sank with nearly 10,000 litres of fuel on board near the Canada-U.S. marine border went down in one of the worst possible places for endangered orcas, an ocean pollutants expert says. Peter Ross, a…
Symptom validity test of auto victim upheld by doctor’s professional review board
August 16, 2022 by David GambrillOntario’s overseer of medical health professionals has rejected a car accident victim’s complaint about an independent medical examiner selected by the auto insurer over the psychologist’s use of symptom validity testing. At the request of his insurer, the claimant saw…
Ski-Doo maker ramping up operations after cyberattack forced suspension
August 16, 2022 The Canadian PressVALCOURT, Que. – BRP Inc. says it is ramping up production at four of its factories after a cyberattack brought its operations to a halt earlier this month. The Ski-Doo and Sea-Doo maker says manufacturing sites in Valcourt, Que., Sturtevant,…
Why the pandemic hit these Canadian sectors particularly hard
August 16, 2022 by Jason ContantHospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of…
BC Wildfire Service predicts stable forecast following persistent lightning strikes
August 16, 2022 The Canadian PressVANCOUVER – A spokesperson for the BC Wildfire Service says 80 per cent of the 212 new fires sparked across the province since Wednesday were caused by lightning. Briana Hill says the service was well prepared and 69 per cent…
Newfoundland wildfires could be sign of what climate change has in store for province
August 15, 2022 The Canadian PressST. JOHN’S, N.L. – A climatologist says the wildfires that have been burning for more than two weeks in central Newfoundland could be a sign of what’s to come as the province feels the impacts of climate change. Joel Finnis,…
Why Deloitte doesn’t anticipate a soft market ‘for the next few years’
August 15, 2022 by David GambrillCanada’s commercial P&C insurance market may not soften “for the next few years,” said a report on the industry published by Deloitte. “While there may be products where the market becomes more competitive on new business with good claims experience,…
Client anger: It’s getting tough out there for insurers
August 12, 2022 by David GambrillSaskatchewan’s privacy officer has allowed the government’s auto insurer to withhold portions of a claimant’s risk assessment, on the basis that revealing the information could conceivably lead to injury or harm to its employees. However, the privacy commissioner required Saskatchewan…
BRP operations to remain frozen until next week after cyberattack shutdown
August 12, 2022 The Canadian PressVALCOURT, Que. – Work at BRP Inc. factories will likely stay at a standstill until next week after a cyberattack that the Sea-Doo maker reported Monday. “Our teams continue working around the clock to resolve the situation and have made…
Why extended hard market should be easier to explain to consumers
August 11, 2022 by David GambrillConsumers should be able to relate to inflation’s impact on goods and services — and hence, the impact on insurers’ claims costs — making it easier for brokers to explain the continuation of the P&C industry’s hard market cycle after…
Drones tackle Okanagan blaze as cool weather helps bring B.C. wildfires under control
August 11, 2022 by Jason ContantPENTICTON – Drones are helping map hot spots in a wildfire burning in British Columbia’s Okanagan region as cooler conditions helped firefighters elsewhere in the province bring blazes under control. Crews were making progress on several wildfires Wednesday, including a…
Condo insurance: Is market stabilization fleeting?
August 11, 2022 by Jason ContantCanada’s condo insurance market appears to have stabilized but the industry shouldn’t get lulled into the feeling that reforms are no longer needed, said Aaron Sutherland, the vice president of Insurance Bureau of Canada’s (IBC) Pacific region. Over the past…