How liability for deductibles on strata claims is changing in B.C.
Strata unit owners might see a reduction in liability risk for common-area damage if a recently-tabled bill is passed in British Columbia. “Right now, if a water pipe bursts in a bathroom due to manufacturer error and leaks beyond common…
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How insurtech Lemonade’s IPO is going so far
Despite the pandemic-induced economic downturn, an insurtech that promises tenants quotes within minutes started trading this week on the New York Stock Exchange. Shares of Lemonade Inc. rose sharply July 2, closing at US$69.41, more than double the price at…
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COVID-19 sparks debate about U.S. adjuster use in Calgary
COVID-19 appears to be kindling proud sentiments about employing Canadian adjusters, after social media posts triggered an age-old debate about using U.S. adjusters to handle catastrophe claims in Canada. Twitter was abuzz with comments after Global News posted a piece…
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Brokers who did these things fared better in the pandemic
Brokers who were nimble, ready to change with the times, and acted pro-actively when COVID-19 first emerged as a threat are the ones faring the best three months later, one broker leader says. Those who didn’t are struggling. “Those brokers…
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Flood warnings issued as B.C.’s major rivers surge, rainfall continues
VANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper…
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CIAA comments on use of foreign adjusters following Calgary hail event
TORONTO, ON, JULY 2, 2020/insPRESS/ – The Canadian Independent Adjusters’ Association (CIAA) has been asked for comment in recent social media postings related to the use of insurance claims adjusters from the USA by Canadian insurers in response to the recent…
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What was abnormal about June Calgary hail storm
Alberta’s hailstorm in mid-June was so severe that some homes suffered interior damage as a result, an independent adjusting firm reports. “We have seen skylights completely blown out to the point that the hail that impacted that skylight also impacted…
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A new regime for tow truck regulations? What auto insurers want to see
Auto insurers are applauding Ontario’s creation of a new government task force to improve provincial oversight of the tow truck industry, citing the possibility of reducing insurance fraud and associated premium reductions for consumers. “IBC applauds the Ontario government for…
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Why the risk for small car drivers is growing
Small cars may be even more dangerous to drive these days just because they are sharing the road with an increasing number of larger vehicles, which have dominated new auto sales in recent years. The Insurance Institute of Highway Safety…
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How a property owner can be liable when a motorcycle hits a wayward donkey
A Supreme Court of Canada decision released Thursday means a construction materials supplier is partly liable for injuries suffered by a motorcyclist who collided with a donkey that escaped from a rural property. In 2009, Amir Youssef was riding his…
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