Topic Adjusters
What Intact paid for Cats last quarter
January 12, 2022 by Jason ContantIntact paid out an estimated $186 million for catastrophe losses in 2021 Q4, the company reported. “Approximately 55% of the catastrophe losses were in our Canada segment, with half in personal property,” IFC says in a press release. “This mostly…
Loss adjusting firm promotes new president
January 7, 2022 by Alyssa DiSabatinoGreg Smith has been promoted to president of Crawford & Company, Canada. Smith’s 25-year tenure at Crawford began as director/manager of marketing. Prior to his promotion, he most recently held the positions of chief operating officer in 2021 and chief…
Lawsuit arising from 1982 vehicle accident dismissed in 2021
December 20, 2021 by Greg MeckbachA negligence lawsuit against a plaintiff’s lawyer by an Ontario claimant who was injured in a 1982 motor vehicle accident has been thrown out of court. The claimant settled his accident benefits and tort claims in 1999, when he was…
Strata owner not liable for common-area water damage
December 14, 2021 by Greg MeckbachA strata corporation can’t recover $25,000 towards water damage repairs originating from a unit owner’s broken toilet water supply line, the British Columba civil resolution tribunal has ruled. On June 23, 2019, water leaked out of a strata lot. The…
B.C. moves to recovery management phase after floods; most military leaving province
December 7, 2021 by Dirk Meissner - THE CANADIAN PRESSVICTORIA – British Columbia is shifting into repair and recovery mode following devastating floods and landslides caused by record rains that crippled transportation links, deluged agricultural operations and forced the evacuations of thousands of people, says the province’s public safety…
Claims adjusters react to B.C. flooding
December 6, 2021 by Greg MeckbachIt’s too early to tell how much the recent “atmospheric river” in British Columbia will cost the industry, but independent adjusters are observing widespread damage. Environment Canada lifted weather alerts for British Columbia on Thursday as storm conditions eased, floodwaters…
Prime minister approves request for military help as Newfoundland deals with flooding
November 26, 2021 by THE CANADIAN PRESSCHANNEL-PORT AUX BASQUES, N.L. – Prime Minister Justin Trudeau has approved a request for military assistance for southwestern Newfoundland, where road washouts from a punishing rainstorm have left the region cut off from the rest of the province. Trudeau issued…
What’s on Insurance Bureau of Canada’s agenda?
November 23, 2021 by Jason ContantDigitization efforts and consumer choice are at the top of Insurance Bureau of Canada’s (IBC) agenda, the association’s chief strategy officer said last week at an industry event. “We essentially want to look at how does the consumer want to…
Private Lives: How to ensure discretion for your HNW clients’ claims
November 23, 2021 by Brooke SmithPrivacy is an essential part of insurance and for high net worth (HNW) clients, it’s even more important to be discreet — particularly if they have insurance claims. “For a HNW client, [any kind of loss] resulting in a claim…
Supreme Court of Canada rules against BC trial lawyers in disputed subrogated Ontario auto claim
November 18, 2021 by Greg MeckbachIf the Trial Lawyers Association of British Columbia had its way, auto insurers would have an incentive to go the “extra mile” in trying to find reasons to deny claims, two Supreme Court of Canada judges suggested in a decision…
Why Intact is paying out less on total auto losses
November 10, 2021 by Greg MeckbachIntact Financial Corp. is maintaining a mid-80s combined ratio on its Canadian personal auto book of business, with a slight decrease in the severity of total losses. At Intact, the severity of claims on auto physical damage was 5% higher…
Is B.C.’s 2021 wildfire season the worst on record?
November 9, 2021 by Jason ContantBritish Columbia’s 2021 wildfire season was severe, but it wasn’t the costliest on record from a suppression standpoint, according to a summary report from the BC Wildfire Service. Between April 1 and Sept. 30, 2021, a total of 1,610 wildfires…