Why artificial intelligence should be able to detect auto fraud
October 7, 2019 by Greg MeckbachArtificial intelligence can make it nearly impossible for fraudsters to make a false claim appear real, the founder of an A.I. vendor suggests. If an auto insurance claim is fraudulent, A.I. software could pick up on that as long as…
After Dorian: Will Canada hit $2 billion in insured losses again this year?
October 7, 2019 by Jason ContantCanada has already surpassed $1 billion in insured losses with nearly three months left in 2019, according to Catastrophe Indices and Quantification Inc. (CatIQ). “Last year, insured damage from severe weather across Canada exceeded $2 billion, the fourth-highest amount of…
Trial by Fire
October 6, 2019 by Glenn Gibson, Joe Toscano & David E. BridgesWhat to think about when selecting the right expert for fire and explosion cases
Owning the Supply Chain
October 6, 2019 by Emily Atkins, Freelance WriterHow the P&C industry is reacting to the Intact-On Side Restoration deal, which breaks new ground in Canada
RSA Canada CEO outlines the biggest game-changers in engineering insurance
October 3, 2019 by Greg MeckbachSensors that gather data and feed it into computer systems could change the way engineering risks are assessed and underwritten by insurers, suggests Martin Thompson, president and CEO of RSA Canada. “We are going data crazy,” Thompson said Thursday while…
How liability works when pedestrian wearing dark clothing gets hit at night in crosswalk
October 2, 2019 by Greg MeckbachThe wife of an Abbotsford, B.C. insurance broker has been awarded nearly $574,000 as a result of a vehicle accident, but the award would have been $765,000 had the plaintiff not been found partly liable for the accident. She was…
Why this motorist is not entitled to compensation for towing damage claim
October 1, 2019 by Greg MeckbachA motorist seeking nearly $4,000 for a vehicle that was allegedly damaged while being towed cannot recover the money from either the Insurance Corporation of British Columbia or BCAA Insurance Corporation, the province’s civil resolution tribunal has ruled. In October,…
Fire damages historic Winnipeg building that’s being turned into a hotel
October 1, 2019 by THE CANADIAN PRESSWINNIPEG – Firefighters were forced to remain outside a blaze at a historic Winnipeg highrise on Sunday due to renovations that have been underway to turn the building into a Hyatt Place hotel. The Winnipeg Fire Paramedic Service responded to…
Work to begin on removal of Halifax construction crane felled by Dorian
September 30, 2019 by THE CANADIAN PRESSHALIFAX – Work was expected to begin Sunday that would allow the removal of the mangled remains of a construction crane that collapsed in downtown Halifax during post-tropical storm Dorian. The province said in a news release that final inspections…
Claims execs weigh in on insurers buying into the supply chain
September 30, 2019 by David GambrillInsurance companies buying into the claims management supply chain are bound to face some headwinds when it comes to conflicts of interest, but ultimately the P&C industry is big enough to absorb more of these types of acquisitions in the…
Online insurance is no safe haven from fraudsters
September 27, 2019 by Jason ContantOnline transactions in insurance have been identified as nearly twice as risky as other industries, new research has found. Iovation, a U.S.-based fraud detection company, said Tuesday that among the 10-billion global online transactions it screened between September 2018 and…
How lax regulation is letting people with vision problems drive
September 27, 2019 by Langis Michaud, Professeur Titulaire. ecole d'optometrie. expertise en sante oculaire et usage des lentilles corneennes specialisees, Universite de Montreal - THE CANADIAN PRESSThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. A recent tragic pile-up on a major highway near Montreal has…
CANADIAN UNDERWRITER RESOURCES (PAID CONTENT)
