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News AdjustersAlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLoss TrendsPersonal HomeProperty

The Alberta hail cat has not stopped biting

November 23, 2020 by Greg Meckbach

Insurers are still receiving new claims from the June 2020 Alberta hail storm that is estimated to have cost the industry more than $1 billion. “We are actually still seeing some new losses reported from the June storm today,” said

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Lights. Camera. Claims action!

November 20, 2020 by David Gambrill

In the Canadian entertainment industry, time is money, and so when the global pandemic forced time to stand still, it hit the entertainment industry with the force of a catastrophic event. When COVID-19 hit, Crawford & Company’s adjuster and film

News AdjustersClaimsClaims ProfessionalsOntarioPersonal AutoPersonal HomeProperty

Adjusters monitoring Ontario windstorm as a “potential” Cat event

November 16, 2020 by Jason Contant

Claims adjusters are watching to see if an overnight Ontario windstorm will meet the $25-million threshold of a natural catastrophe (NatCat). As of September, Canadian P&C companies had paid out $2.1 billion for insured NatCat events this year. For now,

News AdjustersBrokersClaimsClaims ProfessionalsCommercialEducationInsurersLoss ControlPersonal Home

One essential thing required for condo premium relief

November 10, 2020 by Adam Malik

Clients don’t always know the process when they have to report a condo insurance claim, and a number of property and casualty insurance professionals believe education of condo managers and boards is key to turning around the hard market in

News AdjustersBrokersClaimsClaims ProfessionalsCommercialInsurers

Culture change needed to mitigate condo losses: Aviva exec

November 6, 2020 by Adam Malik

As capacity for condo insurance shrinks and premiums continue to mount, property managers and condo boards will find greater success with underwriters if they can show they are embedding responsibility for risk management and mitigating losses into their corporate culture,

News AdjustersClaimsCommercialInsurersLoss ControlLoss TrendsProperty

Sedgwick exec’s Top 4 reasons why condo claim severity is through the roof

October 30, 2020 by David Gambrill

As Canadians carry on their love affair with condos, the number of units being built — and the rapid pace of their construction — have indirectly contributed to the severity of condo insurers’ claims costs, says a senior P&C insurance

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyOperationsPersonal HomePropertyTechnology

How COVID could change adjusting for good

October 29, 2020 by Greg Meckbach

The COVID-19 pandemic has permanently changed the way property insurance clients want their claims handled, a technology vendor suggests. “COVID has been the awakening for many companies,” said James Swayze, Toronto-based executive for Canada at CoreLogic Inc. After COVID-19 was

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyLoss ControlLoss TrendsOperationsTechnology

How a smart phone can drive efficiency in the claims process

October 19, 2020 by Greg Meckbach

Using a smart phone to take pictures of property damage as soon as it happens could speed up the claims process and reduce fraud risk, the head of a Canadian claims technology vendor suggests. “The best way to drive efficiency

Feature AdjustersClaimsClaims Canada ArchiveConstructionEnvironmentalInsurersLegalLiabilityLoss ControlLoss TrendsPersonal HomePropertyRisk Managers

Gushing over oil storage

October 18, 2020 by Michael Freill, President, Mark 1 Engineering

How Canada’s P&C insurers plugged a regulatory hole that exposed the industry to millions of dollars in claims every year

News AdjustersClaimsClaims ProfessionalsCommercial AutoInsurersPersonal Auto

Insurers, collision repairers tout benefits of proposed mandatory certification

October 5, 2020 by Adam Malik

A push to require Ontario collision repair shops to meet minimum standards when repairing vehicles is expected to even out the playing field, make the claims process run more smoothly, help client satisfaction, make roads safer, and potentially bring down

News AdjustersBrokersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialConstructionEmerging RisksLegalLiabilityOntarioRisk Managers

Appeal court dismisses lawsuit against Economical over additional insured endorsement

October 5, 2020 by Greg Meckbach

A solar energy developer has lost its appeal against Economical in a commercial coverage dispute regarding an additional insured, in which the policy wording referred to “liability arising out of the operations” of the insured. “Contractual insurance obligations and additional

News AdjustersCatastrophesClaimsClaims Canada ArchiveLoss ControlLoss TrendsPersonal HomeProperty

Intact’s plan to help you advise your client on disaster resilience

October 2, 2020 by Greg Meckbach

By the end of this year, Intact Financial Corp. is hoping that a research centre it funds will have trained more than 140,000 brokers, home inspectors, realtors, and other professionals on how to make properties resilient to extreme weather, CEO