Canadian insurance companies facing class-action lawsuits

Old Republic and Arch Insurance are facing class-action lawsuits launched on behalf of Canadian families who purchased trip cancellation insurance through the insurnace companies. Rather than being immediately refunded the money as trips were cancelled due to the pandemic, families are stlil waiting for Old Republic and Arch Insurance to offer compensation.

Disability lawyer Sivan Tumarkin at Samfiru Tumarkin LLP, who represents the families, told Insurance Business Magazine that the insurance companies are delaying what they know is owed to the families by pointing fingers at the trip company Explorica.

“These companies are playing the blame game, at the expense of countless families who have been waiting months for the reimbursement that they are entitled to under their insurance policies with Old Republic,” says Tumarkin. “Rather than immediately honouring their trip cancellation policy, Old Republic has chosen instead to disregard the rights of parents and students who are owed compensation through their legitimate travel insurance claims.”

The lawsuit filed against Old Republic comes days after a class-action was launched against Arch Insurance.