Canadian insurers are paying the price of almost 30 years of protracted neglect and the resultant collapse of Canada’s public infrastructure.
Communication key to curbing escalating property claims costs
Record levels of water in Canada (including hail and snow) drove up the cost, if not the frequency, of property damage claims throughout Canada. And if it wasn’t rain, it was accident benefits claims raining down in Ontario auto insurance.
Insurance-industry personnel need to understand the legal and safety implications of confined space entry
Insurers expect to pay more than $56 million to customers after storms swept through parts of Quebec on June 10, according to a survey by the Insurance Bureau of Canada. To date, more than 6,000 claims for damages to residence…
New trunk mains and sump pumps are two main ways to prevent sewer and storm water back-up
The Ontario Superior Court of Justice ruled that water damage done to a policyholder’s roof — which was under construction — is insurable because it was wind that blew protective tarps off, exposing the roof to a rainstorm. InVennard v.…
Opinion/Analysis; Nanotechnology, climate change and eroding urban infrastructures are top of mind for the country’s insurers
Insurers need to work with governments to ensure policyholders are protected from increasing water damage
Canada’s insurers are experiencing a flood of water damage claims, thanks to a variety of factors. At the same time, they might be on the verge of re-thinking the absence of coverage
Using a fire underwriting survey (FUS) in conjunction with geographic information systems (GIS) gives underwriters far greater detail for their risk analyses
The author arrived in Calgary on the heels of a major flood in June 2007 and gauged the public’s response. Here’s what he found