The Big Squeeze
July 31, 2012 by Craig HarrisConsolidation in the property and casualty insurance industry has had a massive impact on independent adjusters in several ways - claims volume, pricing, national contracts and procurement models. Firms ranging from small shops to regional players to national (or multinational)...
Consumers reduce reliance on insurance in harsh economy
July 31, 2012 byFaced with the prospect of rocky economic times, Canadians are cutting back on the insurance they are buying, a 2012 survey commissioned for TD Insurance states. The Environics Research Group survey conducted for TD found that 42% of Canadians are…
Ontario Moves Closer To CAT Injury Definition
July 31, 2012 by Craig HarrisThe Financial Services Commission of Ontario's (FSCO) review of catastrophic impairment, submitted to the Finance Minister, was part of the government's auto insurance reform package implemented in 2010. It said psychiatric and physical impairments should not be combined for the...
Allianz reports space “junk” a growing problem
July 31, 2012 byA growing proliferation of “man-made space junk” threatens satellites and space stations, approximately a quarter of which are insured against losses from physical damage and service interruption, states a recent report from Allianz Global Corporate & Specialty (AGCS). The study,…
A “Twist” to Allocation of Defence Costs
July 31, 2012 by Michael S. TeitelbaumA recent Ontario Court of Appeal decision, Tedford v. TD Insurance Meloche Monnex (2012), potentially injects uncertainty into how defence costs can or should be allocated before an action has been concluded. We believe the decision is helpful to insurers,…
B.C. supreme court rules fraudsters should pay punitive damages
July 31, 2012 byThe Supreme Court of British Columbia has ordered defendants in a vehicle fraud scheme to pay damages, including punitive damages, to the Insurance Corporation of British Columbia (ICBC). The court reportedly ordered 11 or so defendants to pay a total…
Duty to Serve
July 31, 2012 by Craig HarrisIncoming CIAA president John Seyler feels a strong sense of giving back to the independent adjusting profession
Are Pedestrians and Cyclists Covered Under Auto Insurance?
July 31, 2012 by Leonard Kunka and Carr HatchWith the near tropical winter most Ontarians experienced this year, the number of cyclists on our roads in January and February was higher than ever. This naturally led to a rise in the number of accidents involving bicycles and motor…
Auto Reforms
May 31, 2012 by Craig HarrisKey provinces across Canada have fundamentally altered their auto insurance systems with the twin goals of achieving rate stability and predictability in claims costs. The big question, which was addressed at this year's CIAA/CICMA annual joint conference in February, is...
Message from the President
May 31, 2012 by Greg Merrithew, President, Canadian Independent Adjusters' AssociationSpring has come and gone. Winter did not seem to happen in much of Canada this year. We, in the Northwest Territories on the other hand, can attest once again to a full cold winter! The lack of weather in…
Northern Lights
May 31, 2012 by Craig HarrisSCS Insurance Adjusters Ltd. is a family-run adjusting firm with long roots in northern Ontario and deep pride in being independently owned and operated.
Wildfires in Canada
May 31, 2012 by Peter Fuglem and Brian StocksMembers of the Slave Lake wildfire review committee put their recommendations in context
CANADIAN UNDERWRITER RESOURCES (PAID CONTENT)
