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How brokers can stop a flooded basement

April 16, 2019 by David Gambrill

A recent study suggests brokers have a golden opportunity to talk to homeowners one-on-one about how to protect homes from basement floods. With the right information and often for less than $500, homeowners can protect themselves from the increasing risks

News ClaimsClimate Change

Feds to relocate Ontario First Nation community that was built in a flood plain

April 16, 2019 Kristy Kirkup - THE CANADIAN PRESS

OTTAWA – The pain of spring flooding at a First Nation in northern Ontario is hitting harder this year, as government promises for a permanent new location remain far from reality. Starting on Monday, more than 2,500 members of the

News CatastrophesClaimsInsurance

March winter storm costs insurers over $124 million

April 12, 2019 by Jason Contant

A mid-March winter storm that struck central and eastern Canada caused over $124 million in insured damage, Catastrophe Indices and Quantification Inc. (CatIQ) said Thursday. The storm hit Ontario on Mar. 14 and continued through Quebec, New Brunswick and Nova

News InsuranceTechnology

The limits of artificial intelligence in insurance

April 11, 2019 by Greg Meckbach

Artificial intelligence has not reached the point where it is replacing humans in the insurance industry because many processes still require human intervention, speakers said at a recent insurance conference. Artificial intelligence is used in some cases for client engagement

News ClaimsInsurance

How Intact and Economical won this pollution coverage dispute

April 10, 2019 by Greg Meckbach

A court ruling against Economical and Intact over pollution exclusions in commercial general liability policies has been reversed. As a result, the insurers do not have to defend a Vancouver area dry cleaner against a lawsuit filed by its neighbours

News CatastrophesClaimsInsurance

Two winter storms, one $70-million claims bill for insurers

April 9, 2019 by David Gambrill

The busy catastrophe season in Canada thus far is continuing with no signs of slowing down. Two severe weather storms in Ontario this year, one in February and one in March, cost insurers more than $70 million in insured damage,

News Climate ChangeRisk

Environmental groups to sue Shell over climate change

April 5, 2019 Mike Corder - THE ASSOCIATED PRESS

THE HAGUE, Netherlands – Climate activists delivered a court summons Friday to oil company Shell in a court case aimed at forcing it to do more to rein in carbon emissions. Friends of the Earth Netherlands, one of the groups

News CatastrophesClimate ChangeInsurance

Long-range weather forecast: more flood claims for the P&C industry

April 3, 2019 by Jason Contant

Coastal flooding is expected to increase in many areas of Canada, bringing with it increased risk of damage to coastal infrastructure, according to a report released Tuesday by the federal government. “Local sea level is projected to rise, and increase

News ClaimsInsurance

CU Total Loss Series: How to reduce auto total loss cycle times by a week

April 3, 2019 by David Gambrill

Meet Jane Doe, a total loss survivor. The front end of her car was demolished when she tried to turn left at a busy intersection. She was hit by a driver who was talking on his cell phone while running

News CatastrophesInsurance

Canada ‘much closer’ to national flood program: IBC

April 2, 2019 by Greg Meckbach

The industry is making progress on getting a national flood insurance program, but a key challenge is getting all provinces, territories and Ottawa to agree on how it should work, the Insurance Bureau of Canada’s CEO suggested Tuesday. Unlike Britain

News LegalRiskTechnology

Cyber attack in Canada spawns $60 million lawsuit

March 29, 2019 By Colin Perkel - THE CANADIAN PRESS

TORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However,

News InsuranceLegal

Why this insurer does not have to pay additional living expenses for campground fees

March 29, 2019 by Greg Meckbach

An insurance company does not have to pay a flood victim the cost of living in a campground because that client had a pre-booked vacation trip, the British Columbia civil resolution tribunal has ruled. Patrick Strange took the Canadian Northern