IIBC – Earthquake: Is the Insurance Industry Ready for the Big One?

Presenter will share insight based on his experience from the recent earthquakes in Mexico!

CLASSROOM | ENHANCING | TRENDS

How would a M9.0 Megathrust earthquake affect the Insurance Industry?

Thousands of people around the globe suffer from the effects of earthquakes every year. Some cities have been devastated after major events, such as in the case of Chile, Japan, Christchurch and most recently Mexico City. Governments and institutions are continuously promoting awareness and preparedness. Understanding what an earthquake is and how it could affect the west coast would help us minimizing the impact. The seminar will be presented from an insurance adjuster and structural engineer’s perspective.

Disclaimer: The information presented is based on modeling and past experience.

SEMINAR OBJECTIVES

• Learn about the Peril of Earthquake, what is it and the anticipated damages
• Examine how experts in the field predict the probability of a Megathrust Earthquake occurring off the Coast of Vancouver Island
• Review how a major event would affect the province of British Columbia and the rest of the country
•  Discuss coverage issues relating to Earthquake deductible
• Understand the importance of promoting awareness and preparedness
• Examine the source of damage from an engineer’s perspective
• Evaluate building response and discuss damage assessment

SEMINAR PRESENTERS

Eric Renteria, CIP, Loss Adjuster – Charles Taylor Adjusting
Eric has first-hand experience with dealing with the aftermath of an earthquake. In early September 2017, one of the most powerful earthquakes ever to hit Mexico was followed by a Gulf Coast hurricane. Eric went to Mexico City to assist Charles Taylor Adjusting with the recent hurricane and earthquake losses. While he was in Mexico, on September 19, 2017, Mexico was struck by another earthquake with an estimated magnitude of 7.0.

Payman Hosseini, P.Eng, Project Engineer Civil/Structural – Envista Forensics
Payman provides structural damage assessment and failure analysis services to insurance claims, legal and corporations following catastrophic property incidents and disputes. In addition to his experience as a forensic structural engineer, he has seven years of design experience in the building sector, where he managed various projects ranging from small renovations to new multi-million dollar commercial buildings. He has a depth of expertise performing seismic assessments and utilized these skills on projects involving the retrofit of institutional, commercial, and residential buildings throughout Metro Vancouver.

Number of Continuing Education Credits: 3 Technical
Please be aware that tardy arrival or early departure to/from the seminar will preclude IIBC from issuing a CE certificate for this seminar.

Registration Deadline: Monday, April 9 

Fees (GST included):
$125  CIP Society Members (Graduates)
$150  Insurance Institute Members
New Members: Insurance Institute Membership required, $80, expires May 31, 2019

The price for this half-day seminar includes coffee service, light breakfast snacks and GST.