Canadian Underwriter

Topic
Adjusters


Fire Debris of Houses in a small town with smoke in sky.
News AdjustersCatastrophesClaimsClaims CanadaClimate ChangeConstructionInsuranceRestoration

Why it’s taken a year to get Lytton, B.C.’s post-wildfire rebuild underway

June 29, 2022 by David Gambrill

To the naked eye, not much has changed since Lytton, B.C. was razed by a June 30, 2021 wildfire, causing an estimated $100 million in insured damage. Coming up on the fire’s one-year anniversary, debris-removal work has finally begun for

Jurors sitting in a court room box
News AdjustersClaimsClaims CanadaInsuranceLegalRisk

Will rocketing consumer prices spark social inflation?

June 24, 2022 Philip Porado

While consumers are paying close attention to inflation’s impact on their wallets, insurers should be keeping an eye on social inflation – and recognize the two are often linked. “There’s quite a distinction between the impact of what I would

A man in a white button down shirt with a dark tie is holding a clipboard outside.
News AdjustersClaimsClaims Canada

Why adjusters are feeling squeezed during Cat response

June 3, 2022 by Alyssa DiSabatino

As NatCats increase in frequency, getting adjusters to the scene of a claim has been “tougher than it’s been in years past.” Claims experts blame economic strain and inflationary pressures, as well as to the ongoing war for talent.  Following

Flooded warehouse full of floating cardboard boxes
News AdjustersCatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / CoveragesProductsRestoration

Why insureds might need parametric coverage alongside conventional policies

June 1, 2022 Megan Linkin

When Hurricane Ida made landfall on Aug. 29, 2021, a handful of parametric insurance policies in Swiss Re Corporate Solutions’ portfolio were affected and potentially triggered. By Sept. 1, all relevant data for determining if the hurricane’s winds met policy-defined

Image of man standing with his hands on his hips, looking at Winnipeg's red river floodway
News AdjustersCatastrophesClaimsClaims CanadaInsurance

Adjusters stretched thin after back-to-back storms

May 31, 2022 by Alyssa DiSabatino

Manitoba has experienced one of the wettest springs on record, and the back-to-back storms and flooding have stretched adjusters’ resources very thin, claims professionals say.  Strong winds and a rainstorm that occurred in Manitoba last evening have continued into today. This event

Delta flooding after hurricane.
News AdjustersBrokersCatastrophesClaimsClaims CanadaClimate ChangeCommercial LinesEngineeringInsuranceMarkets / CoveragesReinsuranceRestorationRisk

How to speed up claims response for NatCats

May 25, 2022 Yasser Korany, Mario Delorme and Mazen Habash

Extreme weather events have become common, some bringing unprecedented levels of destruction to structures and facilities, overwhelming owners, property managers and insurers. In response, nearly all major insurers have created centralized Cat units dedicated to handling claims arising from extreme

A twister is pictured at the end of a country road. The sky is dark and storming.
News AdjustersCatastrophesClaimsClimate ChangeInsurance

Was derecho storm damage caused by climate change?

May 25, 2022 by Alyssa DiSabatino

The Long Weekend derecho storm in Ontario and Quebec, which spawned a tornado in Uxbridge, Ont., and resulted in over 1,000 kilometers of damage, is “very difficult” to credit as a climate change event, even though the industry is seeing

Commercial building being rehabilitated
News AdjustersClaimsCommercial LinesConstructionInsuranceMarkets / CoveragesRestoration

Brokers beware: High inflation may catch up to claims valuation software

May 20, 2022 Philip Porado

Valuation models in software systems used by insurers to calculate replacement and restoration costs for commercial structures must be checked more often when inflation’s running high. That’s because costs for labour, lumber, drywall, concrete and other construction materials can jump

News AdjustersClaimsClaims CanadaInsurance

Crawford exec John Sharoun reflects on his 49-year-long insurance journey

May 18, 2022 by Alyssa DiSabatino

After a 49-year-long tenure in the insurance industry, John Sharoun, executive general adjuster and senior consultant at Crawford and Company Canada, is retiring on June 30, 2022.   Sharoun fell into the industry between finishing school and looking for a

House framed in new lumber while under construction
News AdjustersCatastrophesClaimsClaims CanadaConstructionEngineeringInsuranceMarkets / CoveragesRestoration

Rising lumber, materials costs lead claims professionals to tweak their approach

May 16, 2022 Philip Porado

With the inflation rate at a 30-year high, specialists handling home reconstruction claims are making adjustments that reflect surging prices for construction components – including lumber, finishing materials and appliances. What started as supply chain problems, some of which were

Night Driving Thru Forest - Straight Road and Creepy Dark Forest.
News AdjustersClaimsInsuranceLegal

What auto insurers need to deny coverage based on alleged suicide attempt

May 11, 2022 by David Gambrill

Editor’s Note: This article has been corrected so that all incorrect references to Unica have been replaced with correct references to Optium. Canadian Underwriter apologizes for the error.   If an insurer wishes to deny auto coverage to an injured

Insurance claim expert at work.
News AdjustersClaimsClaims CanadaInsuranceLegislation / Regulation

Unlicensed adjuster doesn’t fit the ‘expert’ exemption: Regulator

May 9, 2022 by David Gambrill

Manitoba’s insurance regulator fined a former adjuster $500 and ordered him to pay partial investigation costs of $2,500 for acting as an adjustor without a licence and not, as the former adjuster claimed, as an ‘insurance expert’ helping claimants. Kenneth