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CU webinar: Claims experts discuss how to adjust increasing number of NatCats

August 25, 2020 by David Gambrill

In an era when $1-billion claims events have become commonplace, Canadian claims executives are turning their minds to how to adjust natural disasters that follow closely upon the heels of one another. Canadian Underwriter will be bringing the discussion to

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Cleaning Up

August 12, 2020 by Greg Meckbach, Associate Editor

Tens of thousands of claims, for a grand total of $1.2 billion in insured damaged, have been filed from the June 13 hail storm that hit the Calgary area

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The impact of Calgary’s hailstorm on North American H1 storm losses

August 11, 2020 by Jason Contant

Canada’s costliest-ever hailstorm contributed to the largest insured losses in North America since the first half of 2011, according to preliminary natural catastrophe estimates from Swiss Re. The hailstorm that struck Calgary in June cost the industry $1.2 billion based

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Property claim cycle times are on the rise: Xactware data

August 10, 2020 by David Gambrill

While everyone in the Canadian property and casualty insurance industry knows that quick claims response times are critical to consumer satisfaction, cycle times for property claims in Canada increased overall between 2018 and 2019, according to the latest property damage

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Policies under the microscope

August 7, 2020 by Greg Meckbach, Associate Editor

How the outcome of a test case in Britain over business interruption coverage during COVID-19 may reverberate throughout the Canadian commercial P&C market

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Wildfire risk is elevated this year. Why the pandemic made it worse

August 7, 2020 by Adam Malik

The central and Pacific coast of British Columbia could see an increased risk of wildfires this year, a new report predicts. And COVID-19 restrictions could make the risk higher, Allianz Global Corporate & Specialty warned in its 2020 Wildfire Report,

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How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come

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Why Intact is “very confident” about defending pandemic-related BI claims

July 29, 2020 by Greg Meckbach

Two recent American court rulings in favour of insurers in COVID-related business interruption coverage disputes arose from policy wordings nearly identical to the vast majority of Intact Insurance’s BI policies, officials with Canada’s largest P&C insurer said Wednesday. “The language

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How B.C. adjusters are preparing for major earthquake

July 29, 2020 by Greg Meckbach

When the next huge earthquake hits British Columbia, some independent adjusting firms may temporarily re-locate offices inland, perhaps even as far east as Alberta. Kernaghan Adjusters is aiming to be “up and running fairly quickly if we get into an

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Claimant learns the difference between “hit-and-run” and collision damage

July 28, 2020 by David Gambrill

A driver in B.C. is out $1,777 for incorrectly telling the public auto insurer that damage to his parked vehicle was the result of a “hit-and-run,” as opposed to collision damage. Jiameng Wang took Insurance Corporation of British Columbia (ICBC)

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Multiple townhouse units damaged in Hamilton fire

July 27, 2020 by THE CANADIAN PRESS

HAMILTON – Firefighters were called out early this morning to battle a massive wind-whipped blaze in a townhouse complex (pictured, above) in Hamilton, Ont. The Hamilton Fire Department says the multi-alarm inferno erupted in the city’s east side on Edenrock

News AdjustersB.C.ClaimsPersonal Auto

Why a tribunal changed the insurer’s finding of fault in this parking lot claim

July 24, 2020 by David Gambrill

B.C.’s small claims court recently overturned the public insurer’s assessment of liability in a case in which a driver pulling out of his parking lot space clipped the open door of a car that had just pulled into the space