How often are people scamming insurers with cheque fraud?
November 14, 2018 by Jason ContantInsurance fraud is again in the news, after a Moncton, N.B. man was sentenced to 30 days in prison and 18 months probation for illegally intercepting two insurance cheques sent to an Aviva Canada insured. Just how prevalent is cheque…
What’s making wildfires more severe?
November 12, 2018 By Seth Borenstein - THE ASSOCIATED PRESSWASHINGTON – Both nature and humans share blame for California’s devastating wildfires, but forest management did not play a major role, despite President Donald Trump’s claims, fire scientists say. Nature provides the dangerous winds that have whipped the fires, and…
The Top 5 risks cited by Canadian executives
November 12, 2018 by Jason ContantFor the second year in a row, risks from cyberattacks is the top concern that executives in Canada have identified as the most dangerous for their business, according to a report published Monday by the World Economic Forum (WEF). In…
How business interruption claims could play out in the legal marijuana space
November 8, 2018 by Jason ContantSupply challenges associated with marijuana legalization in Canada will lead to potentially costly business interruption (BI) and contingent business interruption (CBI) claims, an adjusting firm told Canadian Underwriter Tuesday. Because it’s an emerging market, there are a limited number of…
Why marijuana plant value is so important for adjusters
November 7, 2018 by Jason ContantClaims adjusters handling recreational cannabis claims will need to consider the value of the plant at any given time in the growing process to determine actual loss, an independent adjusting firm said Tuesday. Potential cannabis greenhouse loss is much greater…
Why this marine cargo claim ended up in Canadian court
November 6, 2018 by Greg MeckbachCan a marine cargo policy cover damage to goods when they are transported thousands of kilometres by truck? This question will likely be considered by the Ontario Superior Court of Justice. A disputed claim – under a marine cargo policy…
Direct damage coverage available for cannabis product movement
November 2, 2018 by Jason ContantA United States-based underwriter of marine cargo coverage has entered the Canadian cannabis market with a product that provides direct damage coverage to goods moving through the supply chain. North Kingstown, RI-headquartered Falvey Cargo Underwriting, which has a Canadian office…
Why speed bumps can be a double-edged sword
November 2, 2018 by Greg MeckbachPutting speed bumps on private laneways might help commercial clients manage traffic risk, but they need to paint those bumps properly to reduce liability risk. Madison Properties Inc. owns a shopping plaza in Toronto. Maria Pia Cannito tripped and fell…
Top 10 Under 40, 2018: Jonathan Langlois, Vézina Assurances
November 2, 2018 Danielle KubesWho are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick…
How off-road vehicles impact commercial liability risk
November 1, 2018 by Greg MeckbachCommercial clients who allow off-road vehicles to be driven on their property could have insurance coverage gaps, a commercial lawyer warns. In Ontario, off-road vehicles are generally required to have liability insurance, but some types of machinery – such as…
The damage caused by this tanker truck crash on Ontario highway
November 1, 2018 Adam Burns and Alanna Rizza - THE CANADIAN PRESSTORONTO – Two men were killed in a multi-vehicle crash that sparked a massive tanker fire on a major toll highway in the Toronto area on Wednesday, emergency officials said. The crash happened just before 5 p.m. on Highway 407…
Managing general agent launches three training programs
October 31, 2018 by Jason ContantManaging general agent APRIL Canada has launched APRIL University with three training programs and two more in the development stage. Essentials of pleasure craft insurance (1.5 RIBO hours), Ontario rentals & Airbnb market (1 RIBO hour) and insurance for general…