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Does an earthquake endorsement cover sinkhole damage?

May 28, 2019 by Jason Contant

If a home collapses into a sinkhole, is there coverage under a standard homeowner’s policy or earthquake endorsement? Not under many homeowner’s policies, but possibly under the earthquake endorsement, depending on the policy language and if the quake caused the

News AppointmentsBrokers

This ‘leading practitioner’ in insurance law is now a judge

May 27, 2019 by Greg Meckbach

CORRECTION NOTICE: In an earlier version of this story, Glen L.C. Noel was incorrectly identified as a lawyer representing Lloyd’s in Lawlor v. Royal. In fact, Noel represented Mary Lawlor in that case. Canadian Underwriter regrets the error. Glen L.C.

News ClaimsLegalLegislation / Regulation

Why off-road vehicles could get more mileage in Ontario

May 27, 2019 by Greg Meckbach

If you insure off-road vehicles in Ontario, some of those machines could soon be driven more frequently on the road. Bill 107, which would ease restrictions on driving off-road vehicles on municipal roads, passed second reading and was referred Tuesday

News Insurance

What you will be insuring in 10 years (hint: not so much auto)

May 27, 2019 by Adam Malik

Expect to write less auto coverage with the rise of autonomous vehicles in 10 years’ time, and more coverage related to climate change, property lines, and emerging risks. Thanks to the progress expected of autonomous vehicles, auto insurance will plateau,

News AdjustersCatastrophesInsurance

How Chuckegg Creek Wildfire could affect Canadian insurers

May 23, 2019 by Greg Meckbach

The wildfire affecting northern Alberta is much larger than the one that devastated Slave Lake in 2011 but property losses seemed minimal on Thursday afternoon. “At this point we are hearing there are no major structures that have been lost,”

News ClaimsCommercial LinesInsuranceLegal

Aviva loses $7-million coverage dispute over sexual abuse liability

May 23, 2019 by Greg Meckbach

Canada’s top court said today it will not hear an appeal from Aviva Canada of a ruling in favour of a New Brunswick church diocese. L’Évêque catholique romain de Bathurst, a diocese that oversees Roman Catholic parishes in the northeastern

News BrokersInsuranceProductsTechnology

New cyber insurance platform offers quotes using single piece of data

May 23, 2019 by Jason Contant

While online quote and bind systems have historically been cumbersome, one specialist insurer will soon offer a cyber insurance platform with single-question quoting capabilities. Using a single piece of client data, brokers will be able generate a cyber insurance quote

News InsuranceTechnology

Insurtech launches exclusive line of insurance

May 22, 2019 by Jason Contant

An insurtech that positions itself as the first Canadian company to specialize exclusively in tenant insurance has launched after months of research and development. Montreal-based Allset launched last week, using a “matching” algorithm to compare the tenant’s needs to over

News BrokersClaimsInsuranceMarkets / Coverages

Why your clients may not be covered when there’s an active wildfire

May 21, 2019 by Jason Contant

With wildfire season already underway in Alberta and British Columbia, brokers will be looking at how insurance can help their clients mitigate any losses. But brokers and clients alike may not know that the ability to bind coverage could be

News InsuranceRiskTechnology

New spyware infects phones through missed calls

May 14, 2019 Frank Bajak And Raphael Satter - THE ASSOCIATED PRESS

Spyware crafted by an “advanced cyber actor” infected multiple targeted mobile phones through the popular WhatsApp communications program without any user intervention through in-app voice calls, the company said. The Financial Times identified the actor as Israel’s NSO Group, and

News CatastrophesClaimsInsurance

How much will the eastern Canada flooding cost?

May 10, 2019 by Jason Contant

Total economic losses from the recent flooding in Ontario, Quebec and New Brunswick are expected minimally to reach into the hundreds of millions of dollars (U.S.), Aon’s latest catastrophe report said. The flooding event has already been declared a catastrophe

News ClaimsInsuranceMarkets / Coverages

Is sinkhole damage covered under a standard home insurance policy?

May 7, 2019 by Jason Contant

Editor’s Note: This story has been edited to include additional comments.   Is damage from a sinkhole covered under a standard homeowner’s policy? “Earth movement” is typically excluded under a standard policy, but an earthquake endorsement may provide coverage. The