Claims
The insurance and reinsurance market has enough capacity available to withstand potential hurricane-related losses in the United States this year, according to Fitch Ratings. In the eighth edition of the firm’s annual hurricane season desk reference, Fitch said that pricing for the U.S. property business exposed to hurricane risk has generally improved following losses from […]
By Canadian Underwriter | May 31, 2013
1 min read
EQECAT Inc. announced Thursday it has “finalized an agreement to share exposure data schemas” with Newark, Calif.-based Risk Management Solutions Inc. Oakland, Calif.-based EQECAT’s catastrophe modeling software is designed to quantify risk from events such as earthquakes, hurricanes, floods, tornados, hailstorms and brushfires. RMS provides software, services and consulting to quantify and manage catastrophe risk. […]
The majority of Canadians are not prepared for the effects of severe weather, according to a national poll conducted by Pollara. Only 8% of respondents believe Canadians in general are very actively preparing for severe weather. Similar numbers say this about the people in their province (9%) and in their communities (12%). Nonetheless, 22% say […]
3 min read
When it comes to cyber attacks, it is not a question of if, but when, a breach will occur. The acceptance of cyber insurance as necessary coverage is likely to increase, as more companies realize it is an essential component to the cyber security solution.
By Laura Kupcis, Editor | May 31, 2013
12 min read
Dennis Bymak, principal of All Task Adjusters, has had a flourishing career in independent adjusting. He now has the luxury of deciding whether to continue pursuing claims or retiring.
5 min read
A Saskatchewan court ruled against Zurich Life Insurance and American International Group, assessing one of the largest punitive damages award in Canadian history
May 31, 2013
Assessing the income lost by a personal injury victim depends on whether the casualty is self employed, in which case assessing the loss becomes a lot more complicated. An expert on insurance litigation for Matson, Driscoll & Damico gives some guidance
6 min read
The key environmental, health and safety considerations in the event of a property fire claim
By Keith Stephen | May 31, 2013
8 min read
In a ruling in favour of Lenworth Scarlett, an arbitrator for the Financial Services Commission of Ontario released the first decision in consideration of the Minor Injury Guideline (MIG) of the province's automobile insurance regulation.
By Kadey B.J. Schultz, Jason Frost and Joy Stothers | May 31, 2013
7 min read
I was in New Brunswick to visit our Maritime membership in May. The educational day included an excellent presentation by Charles Foster and his colleagues of Foster & Company. It was great to see New Brunswick/PEI CIAA Regional President Luc Aucoin and Nova Scotia President Grant King. In addition to being industry leaders, I count […]
By John D. Seyler | May 31, 2013
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