Claims
Corporate executives are more concerned about cyber threats than other major business risks, a new survey sponsored by insurance giant AIG suggests. More than 85% of the 258 executives surveyed said they were very or somewhat concerned about cyber risks to their organizations, compared with the group’s response to six other areas of risk, including […]
January 31, 2013
1 min read
The Ontario government is proposing several regulatory amendments, slated to go into effect June 1, as part of ongoing efforts to fight auto insurance fraud in the province. The regulatory changes include:• Requiring insurers to provide claimants all reasons for denying a claim.• Giving claimants the right to receive a bi-monthly, detailed statement of benefits […]
2 min read
The New Brunswick Court of Appeal recently upheld a lower court decision requiring a fire insurance claimant to produce records for State Farm Fire & Casualty Insurance. The appeal court dismissed an appeal from Karen Bennett of an Oct. 2011 decision by Judge Judy Clendening of the Court of Queen’s Bench, which ordered Bennett to […]
In its recently released annual global climate and catastrophe report, Aon Benfield noted that the costliest catastrophe worldwide in 2012 was Hurricane Sandy, while a hailstorm July 12 in Calgary led to claims exceeding $500 million. Impact Forecasting, the Aon Benfield unit that develops software and catastrophe models, published the Annual Global Climate and Catastrophe […]
I think we need to add some days to February. As adjusters, all we sell is time and knowledge; with all that goes on this month, it is much too short. CIAA’s Mid-Year meeting and the CIAA National Insurance Industry Advisory Board (NIIAB) meeting were held at the start of a very busy week full […]
By John D. Seyler | January 31, 2013
4 min read
Independent adjusters can find an important market in self-insured retention (SIR) clients. Insurance industry cycles often dictate the appetite for alternative risk transfer, particularly during a prolonged soft commercial market with attractive premiums. For those adjusters who persist in this field, SIR clients present an avenue of opportunity - and challenge.
By Craig Harris | January 31, 2013
13 min read
Stacey Rose, president of B.C.'s Cornerstone Adjusters, believes an adjuster's job is all about finding resolution.
6 min read
A Canadian Perspective on the "Hybrid" Hurricane
By Geoff Coulson | January 31, 2013
How a Complex Property Case Went Wrong
By Glenn Gibson | January 31, 2013
10 min read
What type of "extrinsic evidence" can be considered on a coverage application?
By Michael S. Teitelbaum and Hyla Korn | January 31, 2013
9 min read
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