Claims
The evolving nature of the p&c insurance industry is altering the independent adjuster's career path and the skills needed to advance along it. Opinions vary, but all agree that the new environment is here to stay. Those who plan to take advantage will be most likely to prosper.
By Emily Atkins, Editor | January 5, 2017
12 min read
TORONTO – Ontario’s Hydro One says it is assisting Canadian law enforcement agencies in an ongoing investigation into a possible cyber threat against the electricity distributor. The company’s chief security officer, Rick Haier, says they were contacted by the RCMP on Dec. 29. Haier suggests that a company IP address, which may have been the […]
By The Canadian Press | January 4, 2017
1 min read
The University of Toronto (U of T) has announced that it will be offering a new certificate in forensic engineering, something the university calls a “first in Canada.” The U of T course is core to a new certificate in forensic engineering offered by the university’s Faculty of Applied Science & Engineering. The certificate will […]
By Canadian Underwriter | January 4, 2017
3 min read
The question of whether a court can award compensation for psychological injuries in the absence of a medical diagnosis will be considered this month when the Supreme Court of Canada hears an appeal arising from an auto collision near Vancouver. Canada’s highest court announced Monday that on Jan. 16 it will hear an appeal from […]
5 min read
The US$175 billion in natural catastrophes losses in 2016 – the lion’s share of which were uninsured – dwarfed those in the previous year and were just shy of 2012’s US$180 billion total, Munich Re reports. The research released Wednesday – which explores 2016 nat-cat activity and losses and provides statistics and analysis of some […]
4 min read
Canadian risk has begun to feature “fairly prominently” in the catastrophe bond market, with three cat bonds issued last year, according to Property Claim Services’ (PCS) full-year cat bond report for 2016. The report, titled Strong Finish: PCS FY2016 Catastrophe Bond Report, was released on Wednesday. It noted that three cat bonds last year covered […]
EDMONTON – Alberta Environment Minister Shannon Phillips said the province was “still standing” a day after its carbon tax took effect, and Albertans who opposed the levy could start seeing rebate cheques within days. But Opposition Wildrose critic Don MacIntyre said the majority of Albertans continue to oppose the tax, and that the science isn’t […]
By Jason Contant | January 3, 2017
TORONTO – The “beast” of a wildfire that charred Fort McMurray, Alta., was named Canada’s biggest weather story of the year in an annual list compiled by the country’s top meteorologists. The list, which also includes the melting Arctic Sea ice and one of the warmest Novembers on record, was created by the Canadian Meteorological […]
By The Canadian Press | January 3, 2017
2 min read
Catastrophe bonds and similarly structured insurance-linked securities (ILS) deals in 2016 propelled the market to record levels, with the approximately US$7 billion in new issuance resulting in an outstanding market size of US$26.82 billion at year-end, notes the latest edition of Artemis.bm Deal Directory. The figure represents the highest issuance level since the market’s inception, […]
By Canadian Underwriter | January 3, 2017
Archway Insurance has enhanced its presence in Nova Scotia generally and in Pictou County specifically with the recent acquisition of Stellarton-based D.R. Hayman Insurance. The acquisition, effective Dec. 31, 2016, represents the entry of Archway Insurance – one of Atlantic Canada’s largest insurance brokerages – into Pictou County, notes a company statement Tuesday. “Pictou County […]
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