Message From the President
November 3, 2017 by Heather Matthews, President, Canadian Independent Adjusters’ AssociationThe industry is abuzz about change. You hear such tag lines as “leverage the disruption for growth”, “humans represent the why of change”, and, most recently, I heard the phrase “lean into the grey” which essentially means to get comfortable…
Discovering a work-life balance
November 3, 2017 by Emily Atkins, EditorSince its start in Pat Lodewijkx’s converted laundry room almost 13 years ago, Discovery Claims is proof that vision plus hard work can pay off for the risk-taking entrepreneur. The Surrey, British Columbia-based independent adjusting firm has overcome hurdles and…
Strength in Numbers
November 3, 2017 by Emily Atkins, EditorTech trends influencing claims adjusting in Canada
January 1, 2017 Legislative changes: Will they mitigate motor vehicle property claim costs?
November 3, 2017 by Lisa M. CarrOntario passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act in 2014. That law made changes to both the Repair and Storage Liens Act and Consumer Protection Act.
Traditional homeowners’ insurance on a collision course with the sharing economy
November 3, 2017 by Laura L. Emmett and Kaitlyn E. ArmstrongThe Rise of the Sharing Economy Consumers are increasingly interested in leasing and sharing products rather than buying and owning them. The aptly named “sharing economy” is growing rapidly, fueled in part by social media, which facilitates communication between peers…
Claims costs in oil and gas industry increasing despite downturn: forum speaker
November 2, 2017 by Jason Contant, Online EditorDespite the downturn in the oil and gas industry, claims costs are increasing, a speaker said on Thursday at the Canadian Risk and Insurance Education Forum. “I would suggest that in the upstream oil and gas industry – where most…
MPs debate proposed rail safety laws
November 2, 2017 by Canadian UnderwriterLegislation mandating voice and video recorders in locomotives “needs to be better thought out” and it is not reasonable to deny shippers of toxic inhalation hazards access to a proposed long-haul rail interswitching mechanism, opposition members of parliament suggested this…
Insured losses from October wildfires top $3 billion, California insurance department reports
November 2, 2017 by Canadian UnderwriterInsured losses from California’s October wildfires now top US$3 billion – a three-fold increase in just two weeks – according to updated claims loss data from the California Department of Insurance. Fifteen major insurers reported the updated $3.32 billion estimate…
Texas says it needs $61 billion from federal government for Harvey recovery
November 1, 2017 by The Associated Press (APR)AUSTIN, Texas – Texas needs $61-plus billion in federal funding just to rebuild public infrastructure damaged by Hurricane Harvey, as well as to cover projects to prevent future flooding. John Sharp, Texas’ Harvey recovery “czar,” announced Tuesday that the figure…
BHSI unveils new offering, follow form for U.S. and Canadian contractors
November 1, 2017 by Canadian UnderwriterBoston-based Berkshire Hathaway Specialty Insurance (BHSI) has announced the availability of a single excess policy that sits atop multiple first- and third-party insurance policies for contractors in the United States and Canada. The new policy provides excess follow form protection…
What limitation period governs a personal injury claim by tenant vs. landlord?
November 1, 2017 by Bruce Cook and Rachel RungeWhat happens in Ontario when a tenant sues a landlord under the Occupiers’ Liability Act and it alleges disrepair in a residential apartment?
Cats a significant driver in Everest Re Group’s posting US$639.4 million net loss in 2017 Q3
October 31, 2017 by Canadian UnderwriterLosses from hurricanes Harvey, Irma, Maria (HIM) and the Mexico City earthquake contributed to Everest Re Group, Ltd. posting a US$639.4 million net loss for 2017 Q3 compared to net income of US$295.4 million for the prior-year quarter. For the…
