Claims
Fred Plant, President, President of the Canadian Independent Adjusters' Association, comments on insurance claims arising from the wildfire in and near Fort McMurray, Alberta
By Fred Plant, President, Canadian Independent Adjusters' Association | August 5, 2016
3 min read
Oui, cela a bien eu lieu. Nous savions qu’il en serait ainsi. Tout le monde le savait. Ce n’était qu’une question de temps. Une catastrophe vraiment terrible. Fort McMurray a été ravagé par les flammes. Au moment de la rédaction de ce texte, le retour des résidents de Fort McMurray, accompagnés d’experts en sinistres chargés […]
By Fred Plant, president, ACEI | August 5, 2016
4 min read
Location intelligence is an important tool for property insurance claims managers. In a major catastrophe, insurers can plot the area of impact and get a total of aggregate risk in the area.
By Rob Daleman, VP, Corporate Marketing, DMTI Spatial | August 5, 2016
6 min read
MINEOLA, N.Y. – An engineering firm that was hired by insurance companies to evaluate damage caused by Superstorm Sandy was charged Monday with illegally altering reports prepared by inspectors in the field. HiRise Engineering and one of the company’s project managers, Matthew Pappalardo, were charged with felony fraud. Pappalardo also faces charges of practicing engineering […]
By Jason Contant | August 4, 2016
2 min read
Flooding in China in July caused an estimated US$33 billion in economic losses, but claims payouts represented less than 2% of the cost, according to Impact Forecasting’s monthly Global Catastrophe Recap. The report from Impact Forecasting, Aon Benfield’s catastrophe model development team, was released on Thursday. It said that data from China’s Ministry of Civil […]
By Canadian Underwriter | August 4, 2016
The Supreme Court of Canada recently announced it will not hear an appeal, from a forestry firm’s captive reinsurance company, of a ruling arising from a disputed $25-million liability insurance claim. This means that an order for a new trial in British Columbia, of a claim from Swiss Re for recission, now stands. American International […]
Companies in Canada are most likely to pay ransomware demands and are ranked among the highest for lost revenue and business interruption, according to an international study of 5,400 IT staff across Canada, the United States, the United Kingdom and Germany. The multi-country State of Ransomware report, released on Wednesday, was sponsored by advanced malware […]
Hannover Re saw net income fall 8.6% to 486.1 million euros for the first half of 2016 from 531.9 million euros in the prior-year half, but remains confident the company is on track to achieve its full-year target of at least 950 million euros. The operating profit as of June 30, 2016 was also down […]
Allianz Global Corporate & Specialty (AGCS) has announced the launch of a new cyber and professional liability coverage product designed exclusively for the North American market. Featuring a streamlined form structure with flexible terms, ACCEPT Protect is the “first of its kind,” offering individual or blended solutions for emerging threats across the cyber, media, technology […]
PartnerRe Ltd. has reported an 18-point deterioration in its combined ratio for the three months ending June 30, with the wildfire in Alberta contributing 7.5 points, or $73 million, to its loss expenses for the second quarter of this year. All figures, unless otherwise stated, are in United States dollars. Pembroke, Bermuda-based PartnerRe, which has […]
By Canadian Underwriter | August 3, 2016
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