Claims
Damage from severe weather events may be insurable; it may not be insurable. But whether covered or not, someone, somewhere is going to have to pick up the tab. In the case of flooding, that payer may be the insurer through a claim, government through disaster assistance and recovery efforts, or the home or business […]
By Angela Stelmakowich, Editor | September 30, 2013
3 min read
There is plenty going on with Ontario auto insurance, including what some regard as the aggressive pledge by the government to reduce premiums an average of 15% over the next two years. But does this preoccupation with speed and mandated reductions produce unrealistic expectations and threaten to, ultimately, make things worse for consumers?
By Arthur Lofsky, Government Relations Consultant, Insurance Brokers Association of Ontario | September 30, 2013
5 min read
Ice storm, wildfire and flood have all produced costly events in Canada. It used to be that accurately modelling perils such as flood and wildfire for a country like Canada was computationally unfeasible, but today that computational power exists.
By Desmond Carroll Assistant Vice President, Guy Carpenter Canada | September 30, 2013
6 min read
A recent case out of Ontario, involving the duty of a homeowners' insurer to defend a contribution claim, illustrates the importance of carefully selecting the language used in insurance policies to make clear what is included and/or excluded. The alternative may be interpretation by the courts to the best of their abilities.
By Michael S. Teitelbaum, Partner, Hughes Amys LLP, and Victoria Margolin, Lawyer, Hughes Amys LLP | September 30, 2013
4 min read
CANADIAN MARKET Alberta flooding most costly natural disaster in Canadian history: IBC The Insurance Bureau of Canada (IBC) reported in late September that insured property damage from the Alberta flooding this past June is estimated to now exceed $1.7 billion, making it the costliest insured natural disaster ever in Canada. “It’s a staggering number we […]
September 30, 2013
Intact Financial announced Monday estimated catastrophe losses for the third quarter of the year of $270 million, pre-tax and net of reinsurance. After-tax, that estimate is about $199 million. The estimate is based on 10 loss events in the quarter, including hail storms in Alberta and rain storms in Ontario and Quebec. “This summer’s events […]
By Canadian Underwriter | September 30, 2013
1 min read
EDMONTON – Alberta will begin thinning trees around forest-enclosed communities as a way to prevent the wildfires that devastated homes and business in Slave Lake in 2011. “The commitment I am announcing today is first and foremost aninvestment in protecting human lives and property,” Diana McQueen, the minister in charge of sustainable resource development, told […]
By The Canadian Press | September 30, 2013
2 min read
VANCOUVER – B.C.’s South Coast is getting back to normal after the first powerful fall storm swept through the region. Wind warnings have been lifted everywhere and the only rainfall warnings still in effect cover Howe Sound and the Fraser Valley, with heavy showers expected through the day. Several thousand homes across the Lower Mainland, […]
Business continuity (BC) planning has shifted from a "nice to have" to a "must have" for independent adjusters. Increasingly, clients are asking for details of BC plans and demanding to know steps that adjusting firms have taken to ensure continuity of service for mission critical operations. As events this year, such as flooding and rail disasters, have shown, a well tested, functional BC plan may be the difference between staying in business - or being out of the loop.
By Craig Harris | September 30, 2013
13 min read
Expertise is not a commodity, according to Bob Phipps and John Powell of Bannatyne & Company General Loss Adjusters in Hamilton. It instead forms the competitive model for this five-adjuster team.
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.
