Topic Adjusters
Claims adjuster fined $4,000 for failing to properly inform insured about coverage
July 25, 2018 by Jason ContantA Quebec claims adjuster has been fined $4,000 for failing to inform an insured about an insurance carrier’s rights under the insurance policy, and for not promptly responding to emails from the insurer. Philippe Morin was charged with two counts…
How much it cost the industry when baseball-sized hail hit western Canada
July 23, 2018 by Jason ContantA severe storm that affected parts of Saskatchewan and Manitoba in mid-June resulted in more than $90 million in insured damage, according to data released by Catastrophe Indices and Quantification Inc. (CatIQ). Strong winds and large hail – in some…
New Ontario auto catastrophic impairment definition starts in 2016
September 3, 2015 by Canadian UnderwriterA new definition of catastrophic impairment, for vehicle accident injuries, takes effect next year, the Financial Services Commission of Ontario suggested in a recent bulletin. The new definition of catastrophic impairment, in Ontario’s standard accident benefits schedule (SABS), “includes new…