Adjuster, insured loss index provider to offer real-time info from Canadian catastrophe zones

Canadian independent adjusting firm Catastrophe Response Unit Adjusters Inc. (CRU) has partnered with an online loss index provider to offer real-time information from catastrophe zones in Canada.

Subscribers to the recently-launched Catastrophe Indices and Quantification Inc. (CatIQ) will now have access to photos, videos and text-based reporting from catastrophe zones across Canada.

Background: New independent catastrophic loss index provider launches in Canada

Users will have that information within the first hours and days following an event and then periodically as the recovery process unfolds, according to a statement Tuesday from CatIQ.

CatIQ’s online subscription-based application provides comprehensive insured loss indices, granular industry-wide loss estimates, Geographic Information System (GIS) mapping and other related information.

“We are delighted that CRU stepped up to become our first industry partner,” Joel Baker, CEO of CatIQ commented in its statement.

“CRU’s reports from the field will be invaluable to many of CatIQ’s users especially in claim departments as they work to assess the damage immediately after a catastrophe strikes.”