Two weird things about the 2018 catastrophe season
February 7, 2019 by Jason ContantThe Canadian insurance industry saw a bit of an unusual catastrophe season last year, with more cats in the second quarter than the third, and Ontario beating out Alberta for insured losses. There were a total of 12 catastrophes last…
Top court won’t hear appeal of controversial waiver decision
February 7, 2019 by Greg MeckbachA 2018 Court of Appeal for Ontario ruling on waivers, described as “great news” for liability insurers, is now final. The Supreme Court of Canada announced Thursday it will not hear an appeal of Schnarr v. Blue Mountain Resorts Limited,…
Mystery explosion damages 22 homes in Caledon
February 6, 2019 by Greg MeckbachNearly two dozen homes were damaged after one fatal incident Sunday near Toronto. An explosion demolished a house in Caledon, killing Joseph Westcott and damaging neighbouring properties, The Canadian Press reported. About 22 homes were “damaged to varying degrees,” Andrea…
Broker lands in hot water after BI coverage miscue
February 5, 2019 by David GambrillA Manitoba broker landed in hot water after filling in for a vacationing colleague whose commercial client wound up without business interruption coverage. Broker John C. McDonald was fined $250 for his role in the coverage mix-up. When McDonald’s work…
What stopped this $800,000 subrogated pollution claim
February 4, 2019 by Greg MeckbachA subrogated claim could go off the rails if the client is bankrupt. The Supreme Court of Canada announced Thursday it will not hear a subrogation case involving Desjardins, which applied last year for leave to appeal Douglas v. Stan…
Fatal explosion damages about a dozen homes near Toronto
February 4, 2019 THE CANADIAN PRESSCALEDON, Ont. – A man has died and dozens were forced from their homes after an explosion completely demolished a house in Caledon, Ont., on Sunday morning, officials said as they investigated the incident. Officers were called to the home…
Transportation Safety Board involved in probe of crane collapsing on ship
February 1, 2019 THE CANADIAN PRESSVANCOUVER – The Transportation Safety Board is deploying a team of investigators to the Port of Vancouver following the collapse of a large crane onto a loaded container vessel. A statement from the safety board says the ship, the Ever…
Why the cyber market has become so crowded
January 31, 2019 by Greg MeckbachClients shopping for cyber insurance today can choose from among far more carriers than they could a few years ago, because it’s such a profitable line of business. However, one reason cyber is more profitable than other lines of coverage…
Hundreds of collisions in aftermath of Toronto snow storm
January 30, 2019 by Jason ContantA winter storm that dumped nearly a foot of snow on Toronto and surrounding areas over a 24-hour period has also caused hundreds of collisions. From a claims perspective, there has not been a “significant increase” in claim activity, one…
The ‘tough decision’ Alberta made to reduce flood risk
January 30, 2019 Lauren Krugel - THE CANADIAN PRESSCALGARY – The Alberta government has now acquired one fifth of the land it needs for a controversial reservoir west of Calgary that would help protect the city from another massive flood. Transportation Minister Brian Mason said Tuesday the province…
CPP benefits received after a trial deductible from auto injury lawsuit awards, appeal court rules
January 28, 2019 by Greg MeckbachHas your client been successfully sued after a vehicle accident in Nova Scotia? The damages may be reduced if the claimant can get disability benefits in the future through the Canada Pension Plan, a court has ruled. Sparks v. Holland,…
Heavy rains, wind cause flash flooding and evacuations in Sussex, N.B.
January 25, 2019 The Canadian PressSUSSEX, N.B. – Dozens of people had to be evacuated from almost 30 homes late Thursday because of flash flooding in riverfront areas around Sussex, N.B., in the wake of torrential rains and strong winds. The Canadian Red Cross said…