Claims
About four months after a “substantive rainfall event” that lead to flooding in British Columbia’s Peace Region, the provincial government announced that it is providing $2.5 million to the Peace River Regional District (PRRD) to undertake debris removal and preventative work designed to reduce flood risk in the region. B.C. Premier Christy Clark toured the […]
By Canadian Underwriter | October 11, 2016
3 min read
The Fort McMurray wildfire will likely raise questions about the basis for business interruption (BI) insurance payouts in a post-catastrophe economy, but historic results are the best indication of what otherwise would have occurred, Emily Stock argued during the 43rd Annual Engineering Insurance Conference (AEIC). “My conclusion and my analysis leads me to believe that […]
By Angela Stelmakowich | October 11, 2016
4 min read
Insured property losses for both residential and commercial properties from Hurricane Matthew are estimated to be between US$4 billion and US$6 billion from wind and storm surge damage, according to CoreLogic, Inc. Of this estimated loss, 90% of the insurance claims are expected to be related to wind and 10% related to storm surge, CoreLogic, […]
2 min read
HALIFAX – Thousands of homes and businesses across Atlantic Canada were without electricity early Tuesday due to heavy rain and strong winds that lashed the region on Thanksgiving Monday. Environment Canada said much of mainland Nova Scotia had received more than 100 millimetres of rain as of Monday evening and some areas in Cape Breton […]
By The Canadian Press | October 11, 2016
Tornado gives Doerr Claims Services a quick start
By Emily Atkins, Editor | October 11, 2016
5 min read
Ours is a principled profession and you should be proud of the important work you do, every day, delivering the product of the Property & Casualty Insurance Industry in Canada. Independent Adjusting in Canada is taking a new direction. No longer can we rely on our local relationships to develop business and for that business […]
By Fred Plant, President, Canadian Independent Adjusters' Association | October 11, 2016
Notre profession est fondée sur des principes et vous devriez être fiers du travail important que vous accomplissez chaque jour, c’est-à-dire offrir le produit du secteur de l’assurance de dommages au Canada. Le travail des experts en sinistres indépendants au Canada prend une nouvelle direction. Nous ne pouvons plus compter sur nos relations locales pour […]
By Fred Plant, president, ACEI | October 11, 2016
VANCOUVER – BC Hydro crews across Vancouver Island and British Columbia’ south coast are working hard to restore power to thousands of customers following the region’s first autumn wind storm. Gusts of nearly 90 kilometres per hour were recorded during the height of the storm. It hit Thursday evening, knocking out electricity to more than […]
By The Canadian Press | October 7, 2016
1 min read
The initial estimate of the insured property market loss for the damage caused by the earthquake in central Italy on Aug. 24 is 34 million euros, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The Rome-based Istituto Nazionale di Geofisica e Vulcanologia, currently the largest European body dealing with research […]
By Canadian Underwriter | October 7, 2016
The Supreme Court of Canada heard Wednesday an appeal from a Nova Scotia auto accident victim whose future Canada Pension Plan disability payments were ordered deducted from the amount payable under his family protection endorsement. Andrew Sebean suffered injuries to his arm and shoulder after a vehicle collision Oct. 23, 2004 in Bridgewater. Court records […]
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