Canadian Underwriter

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Claims


News InsuranceRisk

What surprises this broker about sports insurance

March 11, 2019 Dan Ralph THE CANADIAN PRESS

TORONTO – He has played Canadian university football and coached the game, but Todd Smith is waiting before he lets his two sons get on the field. “I’m not in a rush to put my kids into football just knowing

News CatastrophesReinsuranceRisk

Wildfire catastrophe models need improvement: Reinsurer

March 8, 2019 by Greg Meckbach

The world’s second-largest reinsurer is looking for partners in the artificial intelligence space to help the reinsurer get a better idea of how much insured damage future wildfires could cause. Swiss Re is working with the Massachusetts Institute of technology

News Claims

Fatal fire damages Abbotsford, B.C. apartment building

March 7, 2019 by Greg Meckbach

ABBOTSFORD, B.C. – The BC Coroners Service confirms one person has died in an apartment fire in Abbotsford. Coroners service spokesman Andy Watson says a woman in her 60s died in the blaze that broke out about 10:30 p.m. Wednesday.

News Legislation / Regulation

What Alberta is doing to reduce collision risk

March 6, 2019 Colette Derworiz - THE CANADIAN PRESS

EDMONTON – Drivers using Google Maps are getting a last-minute warning as they approach some photo radar camera locations. The feature, which is currently being rolled out by Google, allows users to see speed limits, speed cameras and mobile speed

News CatastrophesClaimsInsurance

Early storm warning for insurers: $40 million for January storm in eastern Canada

March 6, 2019 by Jason Contant

A winter storm in late January that brought snowfall, freezing rain, rain and strong winds to eastern Canada caused over $39 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ). Most of the damage occurred on Jan.

News ClaimsLegal

This province seeks insurers’ input on joint and several liability reform

March 5, 2019 by Greg Meckbach

The Ontario government wants to hear from insurance companies on the controversial joint and several liability rule, which some say is unfair to deep pockets defendants. “What we are looking for is consultation with the lawyers, the insurance industry, et

News AdjustersInsuranceTechnology

How to save insurers $1.3 billion a year on claims administration

March 4, 2019 by Greg Meckbach

Artificial intelligence will become a “big time saver” for claims adjusters and will eventually allow the industry to save billions a year in costs, one researcher says. For auto claims, insurers are already using AI to make recommendations on whether

News ClaimsInsurance

Winter storm shuts down schools, disrupts travel in Maritime provinces

March 4, 2019 The Canadian Press

HALIFAX – Schools and government offices across the Maritimes were closed Monday as a snowstorm swept across the region, the second nasty blast of winter in as many days. A blustery mix of snow, ice pellets and freezing rain enveloped

News ClaimsInsurance

This province could see major spring flooding

March 1, 2019 by Jason Contant

Ten years after serious flooding in much of the southern part of Manitoba, there is again a high risk of major spring flooding in the province’s Red River Valley region. “Early forecasting data shows that we expect to see major

News Insurance

Why some homeowners aren’t buying flood insurance

March 1, 2019 by Greg Meckbach

Overland flood insurance might be easier to sell if homeowners could figure out how vulnerable their properties are. “What would be most useful for homeowners is they would be able to search their postal code or property address and be

News ClaimsLegal

 Latest Canadian statistics on slips and falls on ice

February 28, 2019 Adina Bresge - THE CANADIAN PRESS

All it took was one foul step, and Ahsher Zeldin was in for at least a week of pain. Last Thursday, Zeldin was taking his two dogs out for an early morning stroll in north Toronto when a patch of

News InsuranceTechnology

How modernization of payment systems in Canada could increase cyber claims

February 26, 2019 by Jason Contant

While theft of funds remains a relatively minor source of Canadian cyber claims for one specialist insurer, it is expected to grow as further modernization of payment systems takes place in the country. CFC Underwriting released Friday its 2018 cyber