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How business interruption claims could play out in the legal marijuana space

November 8, 2018 by Jason Contant

Supply challenges associated with marijuana legalization in Canada will lead to potentially costly business interruption (BI) and contingent business interruption (CBI) claims, an adjusting firm told Canadian Underwriter Tuesday. Because it’s an emerging market, there are a limited number of

News AdjustersClaimsInsuranceMarkets / Coverages

Why marijuana plant value is so important for adjusters

November 7, 2018 by Jason Contant

Claims adjusters handling recreational cannabis claims will need to consider the value of the plant at any given time in the growing process to determine actual loss, an independent adjusting firm said Tuesday. Potential cannabis greenhouse loss is much greater

News ClaimsInsurance

Single-vehicle bus collision injures 16 in British Columbia

November 2, 2018 THE CANADIAN PRESS

PRINCE GEORGE, B.C. – A bus carrying workers to a sawmill crashed Thursday afternoon north of Prince George, sending 16 people to hospital, three of them in critical condition. BC Emergency Health Services says one person was in serious condition

News AdjustersProducts

Carproof vehicle data provider gets new name in Canada

November 1, 2018 by Greg Meckbach

Data provider Carproof Corp. is now known as Carfax Canada, parent firm IHS Markit Ltd. announced Thursday. Carfax – whose target market includes the auto insurance industry – collects data on vehicles so prospective buyers can find out whether they have

News Claims

The damage caused by this tanker truck crash on Ontario highway

November 1, 2018 Adam Burns and Alanna Rizza - THE CANADIAN PRESS

TORONTO – Two men were killed in a multi-vehicle crash that sparked a massive tanker fire on a major toll highway in the Toronto area on Wednesday, emergency officials said. The crash happened just before 5 p.m. on Highway 407

News ClaimsInsurance

Higher speed limits increased auto claims 43% in this province

October 29, 2018 by Jason Contant

Increased rural highway speed limits in British Columbia had “large and statistically significant” increases in total insurance claims, injury claims and fatal crashes, a recent study has found. Over the course of the study, there were annual averages of 265,187

News ClaimsInsuranceRiskTechnology

4 ways AI can improve your performance

October 25, 2018 by Jason Contant

Artificial intelligence can be used to better predict weather risk in insurance, such as which customers’ properties may be more affected by severe weather, an Accenture executive said Thursday. One of the four major benefits of AI is enhanced judgement,

News ClaimsEarnings / RatingsInsurance

Root cause of commercial auto woes hard to pinpoint: Insurer CEO

October 25, 2018 by Greg Meckbach

Commercial auto losses have been worse than expected for The Travelers Companies Inc., and company officials are not exactly sure why. “It’s a line that has been challenged from a profitability perspective for a while,” Travelers chairman and CEO Alan

insPRESS ClaimsInsurance

Crawford Builds Upon its Human Risk Management Services

October 25, 2018 Crawford & Company (Canada) Inc.

TORONTO, ON, Oct. 25, 2018/insPRESS/ – Crawford & Company (Canada), Inc. a global provider of claims and risk management solutions, continues to develop and enhance our servicing capabilities to address traditional and emerging risks tied to employee management through our Human

News AdjustersAppointmentsInsurance

HR Department: October moves in the industry

October 24, 2018 by Jason Contant

Jeff Goy elected chairman of Insurance Institute’s board of governors The Insurance Institute of Canada has elected S.J. (Jeff) Goy, president and CEO of Wawanesa Mutual Insurance Company, as chairman of its board of governors. Goy was elected chairman at

News BrokersClaimsInsuranceMarkets / Coverages

Signs of the hardening market in property lines

October 23, 2018 by Jason Contant

One multi-location brokerage in Nova Scotia is seeing hardening of property lines in the province, in line with a recent spike in property claims ratios across the country. Canadian federally regulated insurers have incurred $5.5 billion in property claims up

News ClaimsInsuranceLegal

Aviva ordered to pay $3.3 million in compensation to Catholic diocese

October 21, 2018 The Canadian Press

FREDERICTON – New Brunswick’s Court of Appeal has ordered an insurance company to pay over $3.3 million to the Catholic Diocese of Bathurst to cover the cost of compensation for decades of sexual abuse by priests. In a ruling released