Claims
American International Group Inc. announced Thursday its combined ratio in commercial insurance was 195.4% in the three months ending Sept. 30, up 89.6 points from 105.8% in Q3 2016. New York City-based AIG confirmed Thursday an earlier-released estimate, of $3 billion, of pre-tax catastrophe losses for the latest quarter. All figures are in United States […]
By Canadian Underwriter | November 3, 2017
3 min read
Swiss Re has reported a Group net loss of US$468 million for the first nine months of 2017, reflecting the US$3.6 billion expected insurance claims from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. Property & Casualty Reinsurance’s and Corporate Solutions’ results were both affected by these severe events, with P&C Re reporting a […]
The B.C. wildfires and losses related to commercial auto and motorcycle contributed to Echelon Insurance witnessing a 42% decrease in net income and an increase in combined operating ratio for 2017 Q3 compared to 2016 Q3. Net income amounted to $810,000 for the quarter ending Sept. 30, 2017 compared to $1.4 million for the prior-year […]
4 min read
Ontario passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act in 2014. That law made changes to both the Repair and Storage Liens Act and Consumer Protection Act.
By Lisa M. Carr | November 3, 2017
5 min read
The Rise of the Sharing Economy Consumers are increasingly interested in leasing and sharing products rather than buying and owning them. The aptly named “sharing economy” is growing rapidly, fueled in part by social media, which facilitates communication between peers willing to share their possessions. While estimates of the current size of the market vary, […]
By Laura L. Emmett and Kaitlyn E. Armstrong | November 3, 2017
6 min read
There have been a number of very important cases in recent months involving coverage issues, which are worthy of note. The Supreme Court of Canada has now become involved in trying to clarify the process that should be followed in determining coverage on “standard contracts”. Most of the cases involve an attack on the language […]
By Glenn Gibson | November 3, 2017
9 min read
On entend beaucoup parler du changement dans l’industrie. Vous entendez des slogans comme tirez parti des perturbations en vue de la croissance, les êtres humains représentent la raison du changement et plus récemment, j’ai entendu l’expression « tendre vers le gris, ce qui signifie essentiellement être à l’aise avec l’incertitude et opter pour le changement. […]
By Heather Matthews, president, ACEI | November 3, 2017
The industry is abuzz about change. You hear such tag lines as “leverage the disruption for growth”, “humans represent the why of change”, and, most recently, I heard the phrase “lean into the grey” which essentially means to get comfortable with the uncertainty and get involved in the change, lean into it. All of these […]
By Heather Matthews, President, Canadian Independent Adjusters’ Association | November 3, 2017
Since its start in Pat Lodewijkx’s converted laundry room almost 13 years ago, Discovery Claims is proof that vision plus hard work can pay off for the risk-taking entrepreneur. The Surrey, British Columbia-based independent adjusting firm has overcome hurdles and demonstrated the importance of flexibility for business success. For Pat, who started on his own […]
By Emily Atkins, Editor | November 3, 2017
Tech trends influencing claims adjusting in Canada
12 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
