Segment
Claims
Cyclone Yasi estimated to cause between $2 billion and $5 billion in damages: Eqecat
February 3, 2011 by Canadian UnderwriterCatastrophe modeller Eqecat forecasts losses stemming from the severe tropical cyclone Yasi to range from $2 billion to $5 billion. Yasi hit the flood-ravaged state of Queensland, Australia as a category 4 Saffir Simpson Scale cyclone on Feb. 3.Eqecat compared…
Pocket bikes are automobiles under Ontario law: FSCO arbitrator
February 3, 2011 by Canadian UnderwriterA gas-powered, miniature motorcycle known as a “pocket bike” is a motor vehicle under Ontario law, according to the Financial Services Commission of Ontario (FSCO).Accident benefits claimant Cassondra Bouchard was injured while riding a Honda CRF 50 Mini Bike owned…
Property damage estimates increase to $1.3 billion in 2010: Xactware
February 2, 2011 by Canadian UnderwriterThe value of property loss estimates reported through Xactware in Canada grew to $1.32 billion in 2010 from $1.10 billion in 2009. The total monthly loss estimate value started at $84.9 million in January 2010 and peaked at $148.3 million…
Cyclone Yasi reportedly hits Queensland, Australia with Category 5 force
February 2, 2011 by Canadian UnderwriterAfter weathering some of the worst flooding in the area’s history, residents of Queensland in Australia are now feeling the fury of Tropical Cyclone Yasi, a Category 5 storm packing heavy rains and winds of almost 300 mp-h.Yasi has been…
Auto collision appraisal values in Canada decrease in 2010 Q4: Mitchell
February 2, 2011 by Canadian UnderwriterAuto collision appraisal values, collision losses, comprehensive losses, third-party property damage and supplemental estimates in Canada all decreased in 2010 Q4, according to the 2011 Q1 Mitchell International Industry Trends Report.The report by Mitchell cites figures related to Canada’s auto…
Forensic Investigations acquires Mustang
February 1, 2011 by Canadian UnderwriterForensic Investigations Canada Inc. (FIC) acquired Mustang Investigations Inc. “We’re very excited by the coming together of our two companies,” says Corey Smith, president of FIC said. The combined organization – which will operate as Forensic Investigations Canada – will…
Cunningham Lindsey appoints 15 new managers
February 1, 2011 by Canadian UnderwriterCunningham Lindsey Canada has appointed 11 new regional managers and four new Ontario branch managers The regional managers include:• Andrew Hernandez, regional manager for the British Columbia Region – he was previously executive general adjuster and district manager for Vancouver…
MarketPlace (February 01, 2011)
February 1, 2011 by Canadian UnderwriterCanadian Market Canadian catastrophes in 1998, 2005, 2009 and 2010 cost industry $3.8 billion Canadian catastrophes in 1998, 2005, 2009 and 2010 affected 850,000 insured properties and collectively cost the industry $3.8 billion, according to data from PCS-Canada. These figures…
Location Intelligence
February 1, 2011 Sean Moloney, Pitney Bowes Business InsightInsurance companies have collected client geographical information for decades, but the question remains: Do they have the most accurate data?
Mobility’s Legacy
February 1, 2011 Peter Symons, OARBIC Inc.Can legacy systems accommodate the rush to develop and provide applications – or ‘Apps’ – that run on iPhone, iPad, Blackberry and/or Android devices? Yes they can.
Special e-Delivery
February 1, 2011 Martin Ouellet, Applied Systems Canada Inc.Services are now available providing legally admissible proof that your email has been received and your clients’ information is protected.
Transparent Billing
February 1, 2011 Ingrid Himmelman, FirstOnSite RestorationNew, proprietary technology has enabled transparent billing for work undertaken on large, complex commercial losses.