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insPRESS AnnouncementsClaimsInsuranceTechnology

Opta Information Intelligence and Risk Management Services Combine Forces to Meet Evolving Needs of Canadian Insurers

March 5, 2018 Opta Information Intelligence

TORONTO, March 5, 2018 /insPRESS/ – Opta Information Intelligence (Opta) and sister company Risk Management Services (RMS) are proud to announce the integration of the two companies. Going forward we will be expanding our suite of services and innovation solutions for the

News ClaimsLegalTechnology

One easy way to reduce ransomware risk

March 2, 2018 Greg Meckbach, Associate Editor

Risk managers who teach employees what suspicious email looks like can drastically reduce the risk of being hit with ransomware, a commercial insurer executive said Wednesday. Ransomware is when criminals hack into computer systems, encrypt files and demand a ransom

News ClaimsClimate ChangeInsurance

Flood risk training for home inspectors coming in September

February 28, 2018 by Greg Meckbach

Training home inspectors to assess properties for risk of basement flooding is the “most positive action” the industry can take to address the problem of flood-damaged homes, a conference speaker told insurance professionals Tuesday. A new course for home inspectors,

News CatastrophesClaims

Ontario flooding a “wakeup call” for homeowners to check their policies: IBC

February 27, 2018 by Greg Meckbach

Ongoing flooding issues in southern Ontario are a “wakeup call” that homeowners should be reviewing their water damage coverage, Insurance Bureau of Canada (IBC) cautions. Several communities, including Brantford, Chatham and London, experienced flooding due to mild temperatures and several

News ClaimsInsuranceMarkets / Coverages

Checking a claimant’s auto case evidence? Ask for the LTD discovery transcript

February 26, 2018 by David Gambrill

An insurer in an accident benefits case has obtained a court order requiring a claimant to turn over the discovery transcript in a related long-term disability (LTD) claim arising from the same accident. Ontario’s rules for handling auto accident benefits

insPRESS AnnouncementsAppointmentsClaims

Lorne McIntyre named Director, Large & Complex Loss for First General Canada

February 23, 2018 First General Property Restoration Services

TORONTO, Feb. 23, 2018 /insPRESS/ – First General, one of North America’s largest restoration networks, is pleased to announce the appointment of Lorne McIntyre as Director, Large & Complex Loss for First General. Lorne’s appointment is part of our focus on

insPRESS AnnouncementsAppointmentsClaimsInsurance

ClaimsPro appoints Kumar Sivakumaran to Vice President, National Operations

February 22, 2018 by SCM Insurance Services

TORONTO, Feb. 22, 2018 /insPRESS/ – ClaimsPro, Canada’s leading provider of independent claims adjusting services, today announced the appointment of Kumar Sivakumaran as Vice President, National Operations. Mr. Sivakumaran will succeed Dustin Volk, who recently assumed the role of Senior

News CatastrophesClaimsConstructionInsuranceLegal

Court closes door on homeowner plan to build a basement walkout below a flood line

February 22, 2018 Greg Meckbach, Associate Editor

A Grande Prairie, Alta.-area property owner who installed a basement door below the one-in-100-year flood line should replace it with a window above the flood line, the Alberta Court of Appeal has ruled, upholding efforts by the municipality to stop

News ClaimsInsuranceMarkets / Coverages

Flooding prompts state of emergency and evacuations in Brantford, Ont.

February 21, 2018 The Canadian Press

BRANTFORD, Ont. – Residents of a southern Ontario city were forced from their homes and businesses on Wednesday as rising flood waters from a local river prompted a state of emergency. Days of mild temperatures and torrential rain caused an

News ClaimsInsuranceMarkets / Coverages

How ICBC can cut auto injury claims costs by more than $20 million

February 20, 2018 by Greg Meckbach

British Columbia’s government monopoly auto insurer could save up to $27 million a year on claims costs and reduce the risk of legal disputes by taking on a “larger role” in designing plans to treat auto collision injuries, PriceWaterhouse Coopers

News ClaimsInsuranceMarkets / CoveragesTechnology

One way car repairs may become cheaper

February 20, 2018 by Jason Contant

Vehicles with special materials such as high-strength steels, aluminum and carbon fibres are now contributing to an increase in severity potential and repair costs, but these costs may eventually decrease, Mitchell International said on Thursday. Preliminary data is showing the

News ClaimsInsuranceMarkets / CoveragesTechnology

Want to offer real-time claims payments? Start planning now

February 19, 2018 by Jason Contant

Canadian insurance companies should start to plan now how they will implement ISO 20022, an international standard that supports electronic payments, the chief operating officer of Payments Canada told Canadian Underwriter Wednesday. “Your large insurance companies… ought to be thinking