Canadian Underwriter

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Adjusters


A house-shaped calculator resting on a basket of construction tools
News AdjustersClaimsClaims CanadaCommercial LinesEngineeringInsuranceRestoration

How large property loss claims can become larger — and how to avoid it

October 7, 2022 by Alyssa DiSabatino

A large property loss claim can be worsened by theft or adverse weather events during the initial logistics stage if insurers don’t act quickly, a contractor expert warned during the Ontario Insurance Adjusters Association’s claims conference in Toronto Wednesday.  Insurers

Raging river following flood
News AdjustersClaimsClaims CanadaClimate ChangeInsuranceLegalLegislation / Regulation

GRC policy includes increased compliance costs for rebuild, court rules

October 5, 2022 by David Gambrill

Guaranteed replacement cost (GRC) coverage for rebuilding a flooded home in an area regulated by a conservation authority includes the increased regulatory compliance costs required for the rebuild, Ontario’s Superior Court has ruled in Emond v. Trillium Mutual Insurance Company.

Tree shredder and specialized dumper truck on a city street
News AdjustersBrokersClaimsClaims CanadaCommercial LinesConstructionInsuranceMarkets / Coverages

How do truck owners calculate downtime claims?

October 5, 2022 Kevin Thomas and Tony Militello

When a business’ profits are dependent on having a truck or fleet of trucks fully operational, any downtime can lead to lost profits. For that reason, many purchase optional coverage and can make claims if a vehicle is inoperable due

Mara Elieser, whose husband kept a boat docked nearby, takes photos at the destroyed bridge leading to Pine Island, in the aftermath of Hurricane Ian in Spring Hill, Fla., Sunday, Oct. 2, 2022. The only bridge to the island is heavily damaged so it can only be reached by boat or air. (AP Photo/Gerald Herbert)
News AdjustersCatastrophesClaimsClimate ChangeInsuranceReinsuranceRestorationRisk

How Hurricane Ian will strain insurers’ capacity

October 3, 2022 Philip Porado

Hurricane Ian’s Florida landfall last week and subsequent return to the Carolinas means it’s shaping up to be one of the costliest storms in U.S. history. But, while the storm that arrived on the heels of Hurricane Fiona caused massive

Rubble and damage from Hurricane Fiona in Newfoundland
News AdjustersCatastrophesClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesRestoration

What happened to the ‘quiet’ hurricane season?

September 30, 2022 by Jason Contant

Not long ago, hurricane season began very quietly with no North Atlantic hurricanes in all of August. But now it appears 2022 could produce a record-breaking hurricane. Property data provider CoreLogic is predicting Hurricane Ian could be the costliest Florida

Workers cleaning up devastation from Hurricane Fiona
News AdjustersCatastrophesClaimsClaims CanadaInsuranceMarkets / CoveragesRestoration

What claims adjusters are seeing from Fiona

September 28, 2022 by Jason Contant

Claims adjusters are seeing a wide variety of personal and commercial lines claims in the wake of post-tropical storm Fiona – everything from food spoilage and infrastructure claims to total losses. “Currently, we are seeing claims for personal and commercial

Cleaning up in Charlottetown after Fiona
News AdjustersCatastrophesClaimsClaims CanadaInsuranceMarkets / CoveragesRestoration

How much will Fiona cost Canadian P&C insurers?

September 27, 2022 by Jason Contant

Post-tropical storm Fiona could cost the Canadian property and casualty insurance industry between $300 million and $700 million, ratings agency DBRS Morningstar said in a commentary Tuesday. “Fiona will likely be one of the largest catastrophic events in history for

Close up of a traffic light on yellow
News AdjustersCatastrophesClaimsInsuranceLegal

Who’s at fault in caution light crashes?

September 12, 2022 by David Gambrill

Canada’s dreaded amber light: it’s the source of numerous intersection crashes, resulting in untold insurance claims. If you are dispensing driver safety tips to clients, be sure to tell your insureds to watch out when turning left against yellow caution

Close up asian business woman using a calculator to calculate the numbers.
News AdjustersClaimsInsuranceLegalLegislation / Regulation

Aviva wins appeal regarding EI deductions from IRB benefits

September 6, 2022 by David Gambrill

Aviva Canada successfully appealed a tribunal decision that called for the insurer to pay full auto insurance income replacement benefits (IRB), with no deduction, on top of the sickness benefits she was already receiving under the Employment Insurance Act (EIA).

Mature people jogging in park
News AdjustersAnnouncementsBrokersInsuranceProfessional Development

Jim Abernethy Challenge: Can P&C industry top $500K for blood cancer research?

September 2, 2022 by David Gambrill

In this year’s second annual Jim Abernethy Challenge, the Leukemia & Lymphoma Society of Canada hopes Canadian P&C insurance professionals can help top last year’s $500,000 contribution to blood cancer research and community support. The Jim Abernethy Challenge is part

Help wanted ad in newspaper
News AdjustersBrokersEmploymentInsuranceProfessional DevelopmentRiskTechnology

What insurers are doing to improve recruiting

August 23, 2022 Philip Porado

It’s not your imagination, COVID-19 really did throw a wrench into the insurance industry’s ability to hire and retain talent, says a new Deloitte report on the state of Canada’s P&C industry. It found industry demand for people with the

Big forest fire and clouds of dark smoke in pine stands. Flame is starting to damage the trunk. Whole area covered by flame
News AdjustersBrokersCatastrophesClaimsClaims CanadaInsurance

Newfoundland’s largest wildfire in 60 years: what the P&C industry needs to know

August 8, 2022 by Alyssa DiSabatino

A long-burning forest fire in Newfoundland has charred over 10,800 hectares, but one claims professional says they’ve yet to see any claims come through, since the affected areas are not densely populated.  The fire has been burning for close to