Property Loss Update: A review of recent cases, Part 2
November 17, 2017 by Glenn GibsonThis is Part 2 of the property loss review that began in the Feb-Mar issue of Claims Canada. Carter et al V. Intact Insurance Company, Ontario Court of Appeal, December 6, 2016 On March 16, 2011 a fire caused…
Building a legacy
November 17, 2017 by Emily Atkins, EditorClaimstech helps create future adjusters
Explosion Response
November 17, 2017 by Pablo J. RobalinoA collaborative success story
Deductibility of CPP disability benefits in personal injury claims
November 17, 2017 by Cheryl A. CanningIn personal injury claims involving lost income, it is very common for plaintiffs to have received income from various sources while unable to work, including Canada Pension Plan Disability Benefits (“CPP”). The question of whether the tortfeasor or insurer may…
The financial impact of a product recall
November 17, 2017 by Francis Gagné, FAS GlobalWhether it is as a result of the risk of e-coli, listeria or salmonella in food products, a choking hazard in children’s toy, a safety issue on a vehicle or a yoga pant stretching and becoming see-through; the list of…
California wildfires could cost insurers up to US$8 billion: Aon Benfield
November 9, 2017 by Canadian UnderwriterHistoric wildfires in portions of California last month could cost insurers as much as US$8 billion, according to Aon Benfield’s Global Catastrophe Recap for October. The report, released on Thursday by Impact Forecasting, the catastrophe modelling development centre of Aon…
Insured losses from Cyclone Debbie reach AUS$1.5 billion, 85% of claims closed
November 7, 2017 by Canadian UnderwriterInsurers have paid AUS$1 billion in claims related to Cyclone Debbie, with more than 85% of claims now closed, the Insurance Council of Australia (ICA) reported on Monday. Cyclone Debbie now ranks as the second-most expensive cyclone in Australian history,…
ICLR to hold webinar on homes impacted by Hurricane Irma
November 7, 2017 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will soon be hosting its final Friday Forum of the year, focusing on Hurricane Irma and impacted homes in Florida. The webinar – Hurricane Irma Damage Assessment: Investigating the performance of Florida’s homes…
Insurer exploration of artificial intelligence accelerating: InsurTechTO speaker
November 7, 2017 by Angela StelmakowichIt is still “early days” for most insurers in Canada when it comes to employing artificial intelligence (AI), but exploration and use of the techniques is accelerating very quickly, Greg McCutcheon suggested Monday during InsurTechTO in downtown Toronto. “I would…
Allianz trials blockchain prototype for the captive insurance market
November 7, 2017 by Canadian UnderwriterInternational insurance transactions can be significantly accelerated and simplified, suggests a trial by Allianz Global Corporate & Specialty (AGCS) involving the successful implementation of a blockchain prototype for the captive insurance market. “We are currently seeing many blockchain applications in…
California asks US for $7.4 billion for wildfire rebuilding
November 6, 2017 by Olga R. Rodriguez - THE ASSOCIATED PRESSSAN FRANCISCO – California Gov. Jerry Brown and lawmakers asked the U.S. government Friday for $7.4 billion to help rebuild after a cluster of fires tore through the heart of wine country, killing more than 40 people and leaving thousands…
Moving dangerous product by rail continues to be popular, despite Lac-Mégantic disaster: speaker
November 6, 2017 by Jason Contant, Online EditorDespite the Lac-Mégantic train derailment in July 2013 that claimed the lives of 47 people, destroyed more than 30 buildings and released about 6.3 million litres of oil into the environment, “moving any type of dangerous product by rail continues…
