City of Windsor records nearly 2,700 basement flooding reports from severe rain event
August 31, 2017 by Canadian UnderwriterThe City of Windsor in southwestern Ontario has reported nearly 2,700 basement flooding reports as of late Wednesday afternoon. The city continues to recover from a severe rain event on Aug. 29 that resulted in flooded roads, properties and basements.…
Economic losses from Hurricane Harvey could be as high as US$70-90 billion: preliminary RMS estimate
August 31, 2017 by Canadian UnderwriterEconomic losses caused by wind, storm surge and inland flood from Hurricane Harvey could be as high as US$70-90 billion, according to preliminary estimates from Risk Management Solutions, Inc. (RMS). The Newark, Calif.-based global risk modelling and analytics firm said…
SCM Insurance Services announces majority investment from private equity firm Warburg Pincus
August 31, 2017 by Canadian UnderwriterSCM Insurance Services announced on Thursday that it has received a majority investment from funds affiliated with Warburg Pincus LLC, a global private equity firm focused on growth investing. The major investment, along with the continued investment in SCM by…
Cyber Risk: The Great Unknown
February 10, 2017 by Emily Atkins, EditorAssessing the threat and understanding the consequences of cyber breaches
Dirty Windows Help to Clarify Appellate Review of Standard Form Contracts
February 10, 2017 by Michael S. Teitelbaum, partner; and Tara Chown, student-at-law, Hughes Amys LLPThe Supreme Court of Canada decision in Ledcor Construction Ltd. v. Northbridge Indemnity Insurance Co. has created an exception to the principle outlined in Sattva Capital Corp. v. Creston Moly Corp. and may lead to an increase in insurance litigation.
Environmental Losses Related to Transportation Claims
February 10, 2017 by Joel van Popta, Senior Associate, -30- Forensic Engineering.The release of pollutants such as fuel, motor oil or lubricants, coolant or brake fluid can cause environmental impairment in the event of a trucking collision
How Data Empowers Cutting-Edge Claims Processes
February 10, 2017 by Dara Banga, president, DSB Claims SolutionsThe insurance claims process has traditionally been inefficient, and insurance companies are trying to use computer analytics to improve the process
Diving Right In
February 10, 2017 by Emily Atkins, EditorKrista McCann and Lisa Montgomery took ownership of Fair Way Adjusters in Saskatoon, Saskatchewan, after Blaine Tower, the previous owner, died of cancer.
Message from the President
February 10, 2017 by Heather Matthews, President, Canadian Independent Adjusters' AssociationYou cannot turn a page, open a news article, turn on the television or even have a conversation without technology somehow weaving its thread in. We are bombarded with the latest advancements in all industry sectors. In my last message…
La Plume du Président
February 10, 2017 by Heather Matthews, president, ACEIVous ne pouvez pas tourner une page, ouvrir un article, allumer la télévision, ni même avoir une conversation sans que la technologie s’en mêle, d’une façon ou d’une autre. Nous sommes bombardés par les derniers progrès dans tous les secteurs…
Coverage for Social Engineering Fraud Takes its Place Among the Required Coverage for Canadian Business
January 23, 2017 by David S. Wilson, partner; Chris McKibbin, partner; and Zack Garcia, associate, Fidelity Practice Group, Blaney McMurtry LLPStandard crime insurance policies are not intended to cover social engineering fraud
Recent High Profile Cyber Breaches
January 20, 2017 byCasino Rama, Ashley Madison and Yahoo are among the organizations recently hit by cyber breaches
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