Keyword
Alberta
P&C insurers can handle severe weather events, but for how long?
July 27, 2020 by Adam MalikCanadian property and casualty insurers should be able to manage well financially for the time being, despite currently dealing with a pandemic and the fourth-most expensive natural catastrophe in the country’s history, says global credit rating agency DBRS Morningstar. However,…
How many claims the Calgary hail storm caused
July 16, 2020 by Greg MeckbachThe industry is dealing with more than 70,000 claims arising from last month’s hail storm in Alberta, but it’s not clear yet how much of the bill will get picked up by reinsurers, the Insurance Bureau of Canada reports. The…
How ‘actual cash value’ could be affecting some Alberta hail victims
June 26, 2020 by Greg MeckbachIf some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of…
Auto total loss claims escalate after Calgary hail storm: IBC
June 24, 2020 by Greg MeckbachThe industry is expecting well over 20,000 claims from the recent Alberta hail storm, and some vehicles were wrecked badly enough that they have to be written off, the Insurance Bureau of Canada reports. “We are hearing from several consumers…
How pandemic could complicate claims adjusting after Alberta hail storm
June 22, 2020 by Greg MeckbachThe COVID-19 pandemic could complicate the movement of adjusters if help is needed from south of the border to deal with the aftermath of the recent southern Alberta storm. “I think customers by and large are recognizing that it’s complicated…
Alberta drivers push back against no-fault
June 9, 2020 by Adam MalikAlbertans would rather stick with its at-fault auto insurance system than switch to a no-fault program, according to a new survey. More than six in 10 Albertans (61%) surveyed told Nanos Research that they prefer at-fault over the no-fault system.…
Kernaghan Adjusters’ new hire will be essential to Fort McMurray flooding response plan
May 1, 2020 by Kernaghan AdjustersFORT MCMURRAY, AB, MAY 1, 2020/InsPress/ – Kernaghan Adjusters (KA) , Canada’s most reliable independent adjusting firm – is pleased to welcome back Christie Belok-Bunn CIP to the Alberta team. Christie began her career as a Claims Adjuster after attaining…
Flooding in Fort McMurray leads to request for military assistance from Ottawa
April 27, 2020 THE CANADIAN PRESSFORT MCMURRAY, Alta. – Flooding in northern Alberta has led to mandatory evacuations in Fort McMurray and a request to the federal government for military assistance. “We have requested assistance from the federal government as we face this new crisis,”…
Which business line has taken the biggest hit?
February 25, 2020 Greg Meckbach, Associate EditorHow would you characterize the hardening commercial market right now? We put the question to Scott Treasure, CEO of Edmonton-based Treasures Insurance and Risk Management Inc., a founding partner of the Excel Insurance Group. – As told to Greg Meckbach…
Appeal court overturns controversial ruling on auto coverage arising from overseas accident
February 7, 2020 by Greg MeckbachA controversial 2019 court ruling — in which the Alberta Court of Queen’s Bench found that a client struck by a motorcycle in the Philippines is covered by Alberta’s family protection endorsement — has been reversed on appeal. “The SEF…
Alberta government promising to fix rules on aging energy wells
January 17, 2020 Bob Weber - THE CANADIAN PRESSEDMONTON – A group tasked with cleaning up thousands of abandoned energy sites in Alberta says the province’s rules for ensuring polluters reclaim their wells before selling them off are inadequate. The industry-funded Orphan Well Association made the criticism in…
Why the auditor red-flagged a government agency’s cloud computing risk management practices
December 12, 2019 by Greg MeckbachHere is a textbook example of how your cyber clients should not be managing their risks, according to Alberta’ auditor general. The province’s auditor red-flagged the example of Travel Alberta Corporation, a provincial agency that moved most of its software…