Why this commercial line is unprofitable
November 27, 2018 by Greg MeckbachCommercial brokers could see fewer carriers offering directors and officers (D&O) liability in the future. That’s because “market consolidation is something that you might see on the carrier side,” said Ian Fraser, assistant vice president of technology, cyber and professional…
Insurer said to have denied coverage ‘without a comprehensible explanation’
November 26, 2018 by Greg MeckbachIntact Insurance won a coverage dispute in court but “poor customer relations” means the homeowner plaintiff does not have to pay Intact’s legal defence costs. Homeowner Arnie Augspols sued Intact and G. Bates Plumbing. Augspols noticed several problems in his…
Insurer prevails where vehicle driven without owner’s consent
November 22, 2018 by Greg MeckbachAlberta Motor Association Insurance Company does not have to pay a claimant who was injured while riding in a vehicle driven without the owner’s consent. The Supreme Court of Canada announced Thursday it will not hear an appeal from Ashley…
Why this simple collision claim needed multiple forensic reports
November 21, 2018 by Greg MeckbachA motorist who was successfully sued for rear-ending a vehicle on an icy road has to reimburse the plaintiff $23,000 for forensic engineering reports. Margaret Ozimkowski was driving home from work Jan. 23, 2012 after dusk in freezing rain. She was…
This Canadian claims vendor could be bought by CoreLogic
November 20, 2018 by Greg MeckbachCalgary claims software vendor Symbility Solutions Inc. is one step closer to being taken over by property risk data provider CoreLogic Inc. Shareholders of the publicly-traded Symbility will meet Dec. 13 to vote on a $160-million acquisition offer by CoreLogic. Symbility’s…
Priority dispute can proceed in mechanic test-drive case
November 15, 2018 by Greg MeckbachCanada’s highest court announced Thursday it will not hear a dispute arising from a vehicle repairman who got hurt while test-driving a customer’s car. The dispute is over a provision in Ontario Regulation 283/95 that sets out rules for auto…
Company calls for tow truck operator training standards
November 14, 2018 by Greg MeckbachTow truck drivers should not be allowed to hook up and haul vehicles damaged in collisions without some sort of certification above and beyond a driver’s licence, says CAA South Central Ontario. “If you have a Class G driver’s licence,…
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…
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…
Higher speed limits increased auto claims 43% in this province
October 29, 2018 by Jason ContantIncreased rural highway speed limits in British Columbia had “large and statistically significant” increases in total insurance claims, injury claims and fatal crashes, a recent study has found. Over the course of the study, there were annual averages of 265,187…
4 ways AI can improve your performance
October 25, 2018 by Jason ContantArtificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement,…