Discovering a work-life balance
November 3, 2017 Emily Atkins, EditorSince its start in Pat Lodewijkx’s converted laundry room almost 13 years ago, Discovery Claims is proof that vision plus hard work can pay off for the risk-taking entrepreneur. The Surrey, British Columbia-based independent adjusting firm has overcome hurdles and…
Strength in Numbers
November 3, 2017 Emily Atkins, EditorTech trends influencing claims adjusting in Canada
Insured losses from October wildfires top $3 billion, California insurance department reports
November 2, 2017 by Canadian UnderwriterInsured losses from California’s October wildfires now top US$3 billion – a three-fold increase in just two weeks – according to updated claims loss data from the California Department of Insurance. Fifteen major insurers reported the updated $3.32 billion estimate…
California wildfires already cost more than US$1 billion in losses: state insurance department
October 20, 2017 by Canadian UnderwriterThe wildfires in California have cost US$1.045 billion in losses, preliminary data from the California Department of Insurance has revealed. On Thursday, California Insurance Commissioner Dave Jones announced preliminary data provided by eight California insurers processing claims for tens of…
Lloyd’s reports already paying US$738 million for Hurricanes Harvey, Irma and Maria
October 13, 2017 by Canadian UnderwriterThe Lloyd’s market has now paid almost three quarters of a billion dollars (US$738 million) in response to Hurricanes Harvey, Irma and Maria, the world’s specialist insurance market said on Thursday. “When you get three catastrophic weather events as well…
SGI Canada launches farm business unit
October 12, 2017 by Canadian UnderwriterSGI Canada has launched a farm business unit to help farmers understand their increasingly sophisticated insurance needs. As farms have become bigger and operations more expensive, farmers’ insurance needs have become more complex, SGI Canada said in a press release…
Property Claim Services and NFIP to report aggregate flood loss estimates
October 5, 2017 by Canadian UnderwriterProperty Claim Services (PCS) reported on Thursday that it will publish aggregate flood loss information supplied by the National Flood Insurance Program (NFIP), beginning with Hurricane Harvey. Historically, NFIP losses have been excluded from PCS’ industry insured loss estimates, the…
Insured losses from Harvey’s wind, storm surge as much as US$2.3 billion: AIR Worldwide
August 29, 2017 by Canadian UnderwriterHarvey-related winds and storm surge in Texas are expected to produce industry insured losses amounting to between US$1.2 billion and US$2.3 billion, AIR Worldwide reported Monday afternoon as flooding in southeastern Texas continued to strand residents and wreak havoc. Included…
Global software company Symbility Solutions partners with Toronto’s DeepLearni.ng to bring AI to property insurance
August 2, 2017 by Canadian UnderwriterGlobal software company Symbility Solutions Inc. announced on Wednesday that it has entered into a new partnership with Toronto-based DeepLearni.ng to bring artificial intelligence (AI) solutions into property insurance. Symbility said in a press release that “by closely collaborating with…
CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims
July 13, 2017 by Canadian UnderwriterCRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more…
U.S. company launches cloud for insurance, brings drone platform to p&c sector
June 22, 2017 by Canadian UnderwriterCalifornia-based Kespry is moving deeper into vertical markets with its formal entry into the insurance sector south of the border. The move follows extensive field tests and insurance-specific improvements designed together with customers and industry leaders, reports the aerial intelligence…
Loss adjusting innovation emerging in light of insurance claims for forest fires: Cunningham Lindsey
June 6, 2017 by Canadian UnderwriterGreater complexity in insured losses sparked by forest fires has produced a bright spot: innovation in how loss adjusters are tackling these events, suggests a new review from Cunningham Lindsey. Released Tuesday, the company’s 2017 Major and Complex Loss Review…