Live Insurance News

Alleged Allstate whistleblower sued for $700K over insurance discrimination accusations

May 21, 2019May 20, 2019 G. Turner

Mehda Joshi claimed that the insurance company sought to deny coverage to visible minorities in Canada. A former Allstate employee in Canada sued the company for wrongful dismissal and publicly accused the company of insurance discrimination. The company has now launched a counterclaim against the woman, Mehdi Joshi, for over $700,000 in damages. The legal battle between Joshi and Allstate Insurance Canada began in a Toronto court last week. This court battle is in Canada’s national spotlight and is also being watched by many other countries around the world due…

Insurance news from Toronto shows Co-operators lost over $37 million to flood

October 28, 2013October 26, 2013 Julie Campbell

The insurer has revealed its latest data, including a massive loss last quarter from the flooding in July. The massive flooding that swept through Toronto, Canada, this July is making insurance news headlines once more as Co-operators General Insurance Company has now reported that it experienced a loss of $37.9 million as a result of that one sudden event. The flooding came on out of the blue as a result of an unexpected and exceptionally heavy rain storm. The insurance news was considerable at the time, but now it has…

Insurance news made in case of shooting, faked death, and fraud

October 21, 2013October 19, 2013 Julie Campbell

A Florida suspect of attempted murder who is now living in Canada has been declared legally dead. Alex Varga has found himself at the heart extremely curious insurance news headlines in a Florida case in which he was the suspect in a shooting, but where he fled the country until finally making his way to Canada, where he has discovered that his wife – still in Florida – had declared him dead in order to collect on his life policy. Varga will now likely never be tried for the shooting…

Insurance news from Lac-Mégantic means higher costs for railways

September 20, 2013September 17, 2013 Julie Campbell

Insurance news Lac Megantic train derailment

The Canadian Transportation Agency is now conducting a review of minimum coverage amounts. Following the railway disaster in Lac-Mégantic, Quebec, Canada, the Canadian Transportation Agency (CTA) is making insurance news by holding a review of the minimum coverage amounts that railways must carry. The coverage at the Lac-Mégantic crash was covered only to a small fraction of the total estimated damages. The federal regulators added to their insurance news announcement by saying that they will be starting consultations on coverage for railway companies in the next few months. The review…

Flood insurance struggles experienced across Canada

July 25, 2013July 22, 2013 H. Cutner

Experts are saying that insurers will attempt not to have to pay, more often than not. As a growing number of regions across Canada continue to recover from various flooding events, homeowners and business owners are discovering that making successful flood insurance claims is proving to be considerably more challenging than they had anticipated. Many people feel that their insurers are wronging them when they make their initial claims. According Yahoo Finance’s Ashleigh Patterson, more often than not, flood insurance companies will try to make an attempt not to pay…