Claims

Lawsuit arising from fatal wheelchair accident at rail crossing settled Lawsuit arising from fatal wheelchair accident at rail crossing settled Image

Claims

Lawsuit arising from fatal wheelchair accident at rail crossing settled

MONCTON, N.B. _ Three years after a Moncton man in an electric wheelchair was struck and killed by a freight t-ain at a level crossing in the city, a lawsuit stemming from his death has been resolved. Steven Harel’s wheelchair became stuck at a railway crossing on Robinson Street in July 2016, and court documents […]

By Greg Meckbach | October 8, 2019

3 min read

If cannabis dies, how expensive could the claim get? If cannabis dies, how expensive could the claim get? Image

Claims

If cannabis dies, how expensive could the claim get?

If a hydroponics system fails and it’s tomatoes or peppers that are spoiled, that’s one thing. But what happens if it’s a legal cannabis facility? “The impact of cannabis on the [property and casualty] industry remains to be seen. We haven’t had too many claims yet but we probably will and they will probably be […]

By Greg Meckbach | October 8, 2019

2 min read

Why artificial intelligence should be able to detect auto fraud Why artificial intelligence should be able to detect auto fraud Image

Claims

Why artificial intelligence should be able to detect auto fraud

Artificial intelligence can make it nearly impossible for fraudsters to make a false claim appear real, the founder of an A.I. vendor suggests. If an auto insurance claim is fraudulent, A.I. software could pick up on that as long as it has enough data about other fraudulent – and legitimate – claims, said Gary Saarenvirta, […]

By Greg Meckbach | October 7, 2019

3 min read

After Dorian: Will Canada hit $2 billion in insured losses again this year? After Dorian: Will Canada hit $2 billion in insured losses again this year? Image

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After Dorian: Will Canada hit $2 billion in insured losses again this year?

Canada has already surpassed $1 billion in insured losses with nearly three months left in 2019, according to Catastrophe Indices and Quantification Inc. (CatIQ). “Last year, insured damage from severe weather across Canada exceeded $2 billion, the fourth-highest amount of annual losses on record,” Amanda Dean, vice president, Atlantic, for the Insurance Bureau of Canada […]

By Jason Contant | October 7, 2019

3 min read