Topic
Adjusters
Q&A: Business Continuity in the Digital Age
May 26, 2020 by David GambrillMore than 3 million Canadians lost their jobs in March and April due to the business closures to reduce the spread of the novel coronavirus. An Angus Reid poll published in March suggested that 44% of Canadian households reported lost…
Pandemic insurance fraud: What to watch for…
May 25, 2020 by Greg MeckbachInflated auto towing and storage claims and arson are among the risks the industry faces from the economic downturn and social distancing arising from the pandemic, a fraud and data analytics expert warns. “A legitimate accident may happen and [a…
What can go wrong if ‘actual cash value’ is not clearly defined in a property policy
May 19, 2020 by Greg MeckbachAfter a 132-year-old Cape Breton Island building was heavily damaged by a sprinkler line failure, there was a huge disparity between the property owner and insurer’s versions of “actual cash value.” The claimant said $1.59 million, while the insurer said…
MGB’s continued claims services to the commercial/ industrial markets following Fort McMurray flood
May 14, 2020 MGB Claims ConsultantsTORONTO,ON, MAY 14, 2020/insPRESS/ – MGB Claims Consultants Inc., Canada’s leading commercial/industrial and complex claims management firm, continues to provide claims support in Fort McMurray in response to the April flooding event. The MGB team is on site to assist…
Lower auto claims frequency may not translate into reduced claims severity: Intact CEO
May 13, 2020 by Greg MeckbachIf your auto client base is driving less because of the pandemic, then its claims costs should drop in proportion. Right? Not necesessarily, suggests the head of Canada’s largest auto insurer. Intact Financial Corp. looked at its database of driving…
AssessMed’s ‘S.A.F.E.R. Way’ takes no shortcuts to protect assessors and examinees
May 13, 2020 AssessMedMISSISSAUGA, ON, MAY 13, 2020/insPRESS/ – As we begin to see restrictions gradually lifted in the various provinces across Canada, AssessMed has shared the additional measures they have taken to protect assessors, examinees, and staff as they once again begin…
Crawford’s Contractor Connection celebrates 10th anniversary in Canada
May 8, 2020 Crawford & CompanyTORONTO, ON, MAY 8, 2020/InsPRESS/ – Contractor Connection, a division of Crawford & Company, is pleased to announce that May 11, 2020 marks the 10th anniversary of Contractor Connection in Canada. Over the course of ten years, Contraction Connection, an…
CRU GROUP honoured to assist with Fort McMurray devastation
May 5, 2020 by CRU AdjustersTORONTO, ON, MAY 5, 2020/insPRESS/ – Unlike the 2016 wildfire, Fort McMurray residents and business owners only needed to evacuate for one week before returning to their properties after the recent flood. Assessing the damages and working through the necessary…
How this reinsurer views property risk in Fort McMurray
May 4, 2020 by Greg MeckbachSome properties affected by the current flooding in Fort McMurray, Alberta, were also affected by the massive wildfire in 2016 but despite the multiple tragedies, the properties are still considered insurable. “Property in the town of Fort McMurray, Alberta is…
How to exclude business interruption during pandemic
May 4, 2020 by Greg MeckbachIf a commercial insurer does not want business interruption covering a pandemic-related exposure, how should the policy be worded? One insurance defence lawyer would advise the carrier to add a section entitled ‘Pandemic/viral/bacterial infection’ to the list of exclusions. “I…
Why it’s hard to determine liability when a plaintiff catches coronavirus in nursing home
May 1, 2020 by Greg MeckbachLiability insurers and courts could be entering uncharted legal territory when dealing with class-action lawsuits against nursing homes or long-term care homes in which residents have become sick and died from the coronavirus. In some cases, a question before a…
Chief medical health officer eases COVID rules in Alberta flood areas: premier
April 29, 2020 THE CANADIAN PRESSFORT MCMURRAY, Alta. – Premier Jason Kenney says the province’s chief medical officer of health is relaxing some COVID-19 restrictions for people who are dealing with flooding in northern Alberta. Kenney says in a tweet sent out late Tuesday that…