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Subrogated claim confirms obligations of homeowners using heating oil

September 6, 2019 by Greg Meckbach

If your client’s home is heated by oil supplied from an outdoor tank, do they need to conduct annual maintenance? This question came up in a recent subrogated home insurance claim. A Court of Appeal for Ontario ruling released this

News ConstructionInsurance

How oil patch woes impact surety bond losses

July 29, 2019 by Greg Meckbach

Cutbacks in oil and gas is one reason bond claims have become more frequent in Western Canada, a surety expert for the nation’s largest insurer suggests. A slowdown in the construction market in Alberta – and to some extent in

News ClaimsRisk

How railway is dealing with Manitoba oil spill

February 22, 2019 THE CANADIAN PRESS

LAZARE, Man. – CN is still tallying up the amount of oil spilled in a train derailment on a ranch in western Manitoba. “We are still determining volume estimates at this time,” company spokesman Jonathan Abecassis said in an email

News Legislation / Regulation

What needs to happen before interest rates rise

January 9, 2019 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The Bank of Canada left its trend-setting interest rate unchanged at 1.75 per cent Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months. Before long, however, the central bank expects

News InsuranceLegal

Insurer that paid $800,000 on home fuel oil spill cannot subrogate: Court

March 14, 2018 Greg Meckbach, Associate Editor

A home insurer that paid about $800,000 for an oil spill claim cannot sue the fuel companies in the insured’s name because the homeowner had declared bankruptcy, the Court of Appeal for Ontario ruled recently. Art and Wendy Douglas lived

Natural gas drilling operation in north Arkansas in the Fayetteville Shale Play.
News InsuranceMergers and Aqcuisitions

Paris climate agreement presents ‘particular risks’ for shale fuel producers: Willis Towers Watson

July 5, 2016 by Canadian Underwriter

An international agreement to limit carbon emissions, regulations requiring some natural resources firms to have cash on hand to decommission facilities and the threat of cyber attack are among the risks cited by senior executives in a Willis Towers Watson