The Mortgage Clause
July 31, 2014 by Bruno De Vita, partner; and Hollis Bromley, partner, Alexander Holburn Beaudin + Lang LLPInsurers and adjusters shouldn't overlook the role of the standard mortgage clause in the property insurance policy.
Western Perspective
July 31, 2014 by Craig HarrisBurnaby, B.C.'s David Porter plans to bring some fresh ideas and focused solutions to the CIAA in his role as president for 2014-2015.
Dust to Dust
July 31, 2014 by Michel Millmore, Professional Technologist, CEP Forensic EngineeringIs asbestos dust and asbestos containing settled dust the same difference?
Equitable Contribution
July 31, 2014 by Chad Leddy, Associate, Dutton Brock LLPHow this legal doctrine impacts the sharing of defence costs between primary and excess insurers.
Global and Canadian CATs down in first half of 2014
July 31, 2014 byGlobal natural catastrophes for the first half of the year accounted for US$22 billion in insured losses, with more than half occurring in the United States, Impact Forecasting said in a report released July 23. Roughly 55% of the insured…
Tornado Damage
July 31, 2014 byThe Angus, Ontario tornado showed some deficiencies in construction methods - some of which can be fixed cheaply.
Total cost of risk edges higher for third year
July 31, 2014 byThe average “total cost of risk” for companies trended higher for the third consecutive year in 2013, according to the newly-released RIMS Benchmark Survey. The TCOR increased 2% from $10.70 per $1,000 of revenue in 2012 to $10.90 per $1,000…
Message from the President
July 31, 2014 by Marie Gallagher, President, Canadian Independent Adjusters' AssociationFour years ago, in her final ‘President’s Message’, CIAA Past President Patti Kernaghan posed the question: Who will advocate for the independent adjusting profession in Canada, if not independent adjusters themselves? Today as the 60th President of our association, once…
AIR releases updated earthquake model for Canada
July 31, 2014 byAIR Worldwide’s Earthquake Model for Canada – which the risk modelling firm calls a significant tool for compliance with Guideline B-9 – has been updated to provide insurers and other industry stakeholders with an enhanced means of assessing potential losses…
Tornado causes $30 million in damages in Angus, Ontario
July 31, 2014 byInsured damage from the tornado that hit Angus, Ont. in late June is at least $30 million, according to the Insurance Bureau of Canada based on preliminary figures from Property Claim Services (PCS). More than 100 homes were damaged from…
Hurricane Arthur losses won’t exceed $250 million
July 31, 2014 byInsured losses from Hurricane Arthur, which struck the United States and Canada in July, are not expected to be above $250 million from wind and coastal flooding, catastrophe modeling firm RMS reported in mid-July. Arthur made landfall July 3 along…
Police recover $1.4 million in stolen cargo
July 31, 2014 byA recent police raid helped identify roughly $1.4 million in stolen property from 15 separate cargo load thefts over the past several months, the Insurance Bureau of Canada said July 15. “Multiple search warrants were executed on warehouses in the…
