Keyword
Alberta
Allstate Canada now offering personal coverage for ride-for-hire drivers in Alberta
August 23, 2016 by Canadian UnderwriterThe Allstate Insurance Company of Canada announced on Monday that it has launched its personal coverage solution for drivers operating ride-for-hire vehicles within Alberta. Effective Aug. 22, coverage will be available for eligible drivers through Allstate Canada in the form…
Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report
August 22, 2016 by Canadian UnderwriterSurviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random…
Severe summer storm in the Prairies causes more than $48 million in insured damage, CatIQ reports
August 16, 2016 by Canadian UnderwriterA severe storm that swept through Alberta, Saskatchewan and Manitoba during the second week of July has resulted in more than $48 million in insured damage, according to Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), which delivers detailed analytical and…
Aerial firefighting firm training pilots on turbulence risks around wildfire after fatal crash: TSB
August 12, 2016 by Canadian UnderwriterA water bomber that crashed in Alberta was too low to recover from an incipient spin caused by severe turbulence formed from a “fire whirl,” the Transportation Safety Board of Canada suggested in an investigation report released Thursday. On May…
Nearly 1,300 new hail claims created last week in Alberta, more than 3,000 waiting for an inspector: Agriculture Financial Services Corporation
August 11, 2016 by Canadian UnderwriterAlberta’s Agriculture Financial Services Corporation (AFSC) said on Wednesday 1,289 new hail claims were created last week, while 3,089 hail claims are currently waiting for an inspector. AFSC, the Crown corporation with a private sector board of directors that provides…
Message from the President
August 5, 2016 Fred Plant, President, Canadian Independent Adjusters' AssociationFred Plant, President, President of the Canadian Independent Adjusters’ Association, comments on insurance claims arising from the wildfire in and near Fort McMurray, Alberta
Burnt Offerings
August 1, 2016 Angela Stelmakowich, EditorRecovery from the Fort McMurray fire is continuing and will likely do so for some time. But how can stakeholders work together to parlay unprecedented damage and loss into a living, sustainable approach to help better manage wildfire risks? Lessons learned – both old and new – coupled with clear requirements and buy-in from all concerned, could help with realizing concrete benefits in future.
Alberta storm event in late June cost an estimated $70 million in insured property damage: PCS Canada
July 25, 2016 by Canadian UnderwriterA storm event with flooding, hail and wind from June 28 to June 30 in Alberta has cost an estimated $70,440,000 in insured property damage, according to a catastrophe bulletin from Property Claim Services (PCS) Canada. According to the bulletin,…
Alberta invests in flood and drought resiliency projects
July 21, 2016 by Canadian UnderwriterThe province of Alberta is investing nearly $1 million in flood and drought resiliency projects in Calgary and other communities to help protect against the effects of severe weather. Twelve organizations in southern Alberta “and other vulnerable communities across the…
Argo Group International Holdings Ltd., Blue Capital Reinsurance Holdings Ltd. report Alberta wildfires will have second-quarter impact
July 18, 2016 by Canadian UnderwriterEstimated losses from the Fort McMurray wildfires have hit another two companies operating in the reinsurance industry, with Bermuda-based Argo Group International Holdings Ltd. and Blue Capital Reinsurance Holdings Ltd. reporting late last week the event will have an impact…
Endurance’s estimated financial impact of several Cat events in 2016 Q2, including Alberta wildfires, is US$55.5 million
July 15, 2016 by Canadian UnderwriterBermuda-based Endurance Specialty Holdings Ltd. reported Thursday that the company’s initial estimated net negative financial impact of several catastrophic events in 2016 Q2, including the wildfires in Alberta, is US$55.5 million. The events included in the initial estimate include the…
Alberta government consulting on private auto insurance system
July 12, 2016 by Canadian UnderwriterThe government of Alberta said on Monday that it is conducting technical consultations with industry stakeholders on the private automobile insurance system. A targeted stakeholder consultation is underway to gather evidence-based information to inform potential technical changes to regulations governing…