Keyword
Claims
A Firm Stand
January 1, 2015 Gordon Rasbach, Vice President, Anti-Fraud Management, Aviva CanadaCanada’s insurance industry is making strides in the fight against fraud, but more needs to be done with regard to detection, prevention and deterrence. A strong strategy of deterrence, coupled with a clear and defined anti-fraud philosophy, must become more prevalent.
Thunderstruck
January 1, 2015 Scott Stransky, Manager and Principal Scientist, AIR WorldwideThe risk to insurers posed by severe thunderstorms in Canada is largely the result of an accumulation of losses from multiple events. Historical data on thunderstorm risk is available, but gaining a clear picture of the peril can be advanced through the use of reanalysis data.
Auto Adjust
January 1, 2015 Greg Meckbach, Associate EditorAlf Strudwick, now president of the Ontario Insurance Adjusters Association, believed in the organization’s value when his insurance career began 49 years ago and still does.
Old and New
January 1, 2015 Angela Stelmakowich, EditorChange can be exciting, it can be progressive and, as the saying goes, it can be good. But the head-over-heels love affair with change occasionally needs to be tempered by feet-on-the-ground reminders that change also comes with potential risks. The…
Atlantic Perspective
January 1, 2015 Amanda Dean, Vice President, Atlantic, Insurance Bureau of CanadaProperty damage claims are on the rise in Atlantic Canada. Depending on the specific province, habitational property claims have doubled to quadrupled over the last two decades.
Electrical Potential
January 1, 2015 Greg Meckbach, Associate EditorLightning strikes somewhere in Canada more than two million times each and every year. While the frequency of homeowner claims for lightning-related damage is low, occasionally, these bolts from the blue cause large losses as a result of fire and electrical surge.
Getting Personal
January 1, 2015 Richard Horak, Partner, Hughes Amys LLPA ruling last fall by Ontario’s Superior Court of Justice, revolving around a personal injury claim, clearly demonstrates that making a determination with respect to costs before trial is not only difficult, it could prove both an expensive and risky proposition.
Transformative Time
January 1, 2015 Angela Stelmakowich, EditorTalk of “claims transformation” in the property and casualty insurance industry is hardly new. Talk has already turned to action for some, businesses that have updated people, process and technology to answer the evolving and inevitable demands being fuelled by customer experience. However, is transformation now a business imperative to be relevant in the future?