A $74,000 demolition deal lands Intact a good faith breach - Insurance Business

A business owner has said street closures linked to a flyover demolition nearly forced his firm to permanently shut. Phil Davies, who runs Downcast Studios next to Park Lane roundabout in Gateshead, said his company had been left as "collateral damage" following closures linked to the demolition of the Gateshead Flyover which suddenly shut in December 2024 due to safety concerns. Residents who were offered council compensation for disruption caused by the structure's flattening also said they felt the authority had let them down. The council said it did not offer compensation to businesses affected by roadworks and the demolition had been carried out in a "responsible fashion". Davies said revenue at his business, which consists of a live music venue, rehearsal space and a restaurant, had fallen by 80% since the works began - roughly worth about £30,000 - due to the diversions that had been put in place. "We used to have about six to 10 bands [rehearsing] a day," he said. "We've got about one to two now. "The flyover's demolition was completed last month but some footpath closures remain in place.

Quebec judge refuses to reopen default judgment after carmaker fails to raise a serious defence Tesla Canada has been ordered to reimburse Intact Insurance $161,700 for a Model X that caught fire in Montreal, after a Quebec judge refused to reopen a case the carmaker had allowed to go to default judgment.

A strong El Niño may mean more freeze-thaw cycles and freezing rain this winter, the conditions behind last year's $466 million Ontario and Quebec ice storm. Canadian homeowners could face more freeze-thaw cycles, freezing rain and ice build-up this winter as a strong El Niño develops in the Pacific, according to Intact Insurance.

Summer flooding and wildfires pushed Intact's third-quarter cat losses to about $660 million, and its CEO says the events reinforce firm market conditions Two of Canada's largest property and casualty insurers have flagged heavy third-quarter catastrophe losses after a summer of flooding, storms and wildfires. Intact Financial and Definity Financial together expect about $850 million in cat losses, net of reinsurance.

She kept showing up for treatment. The tribunal wanted something attendance can't prove What happened: An Ontario tribunal turned down a claimant's bid for six treatment and assessment plans from Intact.

A driver wanted $13K in treatment covered - but never showed up with proof What happened: The tribunal upheld Intact's refusal to pay more than $13,000 in disputed treatment, finding the claimant's injuries were minor.