Stupid pet tricks that cost insurers
June 7, 2018 by The Associated PressALPHA, N.J. – New Jersey authorities say a dog started a fire when it accidentally turned on an electric stove. The German shepherd and another dog were alone in the Alpha, New Jersey, home when the fire broke out late…
Insuring the Intangibles
June 7, 2018 by Adrian Hall, CEO; Corrinne Pollard, Head of Claims; and Sarah Kestle Head of Sales, Swiss Re Corporate Solutions Canada; and Xavier Tinguely, Senior Corporate Development Manager, Swiss Re Corporate Solutions, USAA shift in the global economy has changed the risks facing Canadian businesses. Companies are now calling for insurance solutions that protect their intangible assets.
Does Canada have the adjusting resources to handle back-to-back catastrophes?
June 6, 2018 by Jason ContantDoes Canada’s property and casualty industry have enough resources in place to adjust major catastrophes that occur in tandem or right on the heels of each other? Industry resources in Ontario were tested after a severe ice storm in April,…
Sharing the Road
June 6, 2018 by Emily Atkins, EditorWho will be in charge as autonomous vehicles and human-driven cars operate side by side on our highways?
What’s New in Nuclear Claims Handling
June 3, 2018 by David Gambrill, Editor-in-ChiefA pool of Canadian nuclear insurers has created a state-of-the-art, made-in-Canada claims administration system for handling nuclear incidents.
May windstorm largest insured event in Ontario in five years: CatIQ
June 1, 2018 by Jason ContantThe early May windstorm that struck Ontario and parts of Quebec topped $410 million, the costliest insured event since the 2013 Toronto floods, Catastrophe Indices and Quantification Inc. (CatIQ) said Friday. The majority of the damage from the windstorm –…
Devious ways your clients are trying to get better auto rates
May 30, 2018 by Greg MeckbachTerritorial ratings have prompted some Ontario motorists to lie about where they live on their applications in order to get a lower auto insurance rate, so brokers need to caution clients on the importance of telling the truth, a local…
Ugly trend in auto claims so far this year: OSFI data
May 30, 2018 by David GambrillFederally regulated Canadian property and casualty insurers have paid out $535 million more in auto claims during the first quarter of 2018 than they did during the same period last year, according to financial results posted by Canada’s solvency regulator.…
How new overland flood policies affect disaster assistance eligibility
May 29, 2018 by Jason ContantGiven recent flooding in Grand Forks and other areas of B.C., questions remain about the interplay between overland flood policies and how Disaster Financial Assistance (DFA) in B.C. factors into the response. Various insurance coverages for overland flood are new,…
City of Vancouver files claim against owners of vessel that leaked fuel in 2015
May 29, 2018 by Canadian PressVancouver Mayor Gregor Robertson says the city has filed a federal court claim against the owner of a vessel that spilled fuel into English Bay in 2015, as part of the city’s continuing effort to get compensation for its response…
This percentage of consumers believe auto insurance fraud is an “accepted practice”
May 28, 2018 by Jason ContantNearly half of customers polled for an Insurance Corporation of British Columbia (ICBC) survey believed that committing auto insurance fraud is an “accepted practice” in B.C., with most saying that claims contain an “element” of fraud. The survey of 1,373…
Winter tires cut auto insurance claims frequency: CAA
May 28, 2018 by Greg MeckbachWinter tires reduce the frequency of auto insurance claims, the head of the Canadian Automobile Association’s Ontario auto insurer suggested Wednesday. “Claims are reduced when people have winter tires on their cars, especially driving in climates like we have in…
CANADIAN UNDERWRITER RESOURCES (PAID CONTENT)
