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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

News ClaimsInsuranceTechnology

Why driving safety tech doesn’t cut claims costs – yet

February 19, 2018 by Greg Meckbach

Sensor and computer technologies are supposed to make traffic safer but are indirectly increasing insurance claims costs, the head of Canada’s Number 2 insurer warns. Aviva Canada has observed a “double-digit” increase (meaning more than 10%) in property damage costs

News ClaimsInsuranceTechnology

Standards now exist for same-day insurance claims payments

February 15, 2018 by Jason Contant

Imagine when same-day insurance claims payments are a reality, without the need to overhaul any existing infrastructure. That could become a reality sooner than you think. ISO 20022, an international payments messaging standard that supports electronic payments, is already in

News ClaimsInsuranceTechnology

Drone collisions on radar of risk managers

February 15, 2018 Greg Meckbach, Associate Editor

A recent collision between a passenger plane and a drone has prompted Canada’s airplane accident investigation agency to warn of the risk of flying drones near airports. “The use of drones near an aerodrome or within controlled airspace poses a

News ClaimsClimate ChangeInsurance

Cataclysmic hailstorm could cause up to $13.5 billion in damage: ICLR report

February 14, 2018 by David Gambrill

In a low-probability, worst case scenario, a single major hailstorm in Canada could result in insurance claims of up to $13.5 billion, according to a new research paper from the Institute for Catastrophic Loss Reduction (ICLR). “Of concern is that

News ClaimsInsuranceLegislation / Regulation

How British Columbia will handle auto accident benefit disputes

February 14, 2018 Greg Meckbach, Associate Editor

A new dispute resolution system for auto insurance in British Columbia will probably focus both on first-party accident benefit disputes and resolving claims from minor injuries, but the details have yet to be worked out, a spokesperson for the province’s