Loss in Translation
May 20, 2016 Emily Atkins, EditorMaking the complex clear brings satisfaction to Andy Williams and the team at AMG Claims Inc.
Message from the President
May 18, 2016 Fred Plant, President, Canadian Independent Adjusters' AssociationOurs is a noble profession and you should be proud of the important work you do, every day – delivering the product of the Property & Casualty Insurance Industry in Canada. The Ontario Chapter of the Canadian Independent Adjusters’ Association…
Dash Cam Evidence
May 18, 2016 John Seyler, President, Integrated Insurance Resources Inc.; and Mike Furyk, student-at-law, Blouin Dunn LLPOnboard cameras can minimize fraud, encourage early settlements and save insurance companies costs
Fort McMurray wildfires could result in two weeks’ lost oil production: Conference Board
May 17, 2016 by Canadian UnderwriterThe impact of the wildfires in the Fort McMurray, Alberta area on oil production could “translate into” a $985-million loss in gross domestic product, though the rebuilding effort will result in “elevated” construction activity in the area through 2018, the…
Are You Keeping Up?
May 17, 2016 Emily Atkins, EditorThe pace of change facing the independent adjuster, along with the entire P&C insurance industry, is blistering. And the risks of not keeping abreast of new developments are high, for small and large firms alike. So where’s an adjuster to turn for advice and education in the brave new world? Turns out there are options; you just have to find the time.
Reduced auto insurance accident benefits could influence balance between attendant care, treatment: lawyer
May 12, 2016 Angela Stelmakowich, EditorThe reduced accident benefits under Ontario’s auto reforms may prove a shock to drivers with non-catastrophic injuries, but perhaps should also elicit concern over the potential for treatment to come second to attendant care, suggests Daniel Strigberger, a lawyer with…
Ontario auto reforms should help cut transaction costs: Cameron
May 11, 2016 by Angela StelmakowichIf things unfold as intended, Ontario’s auto insurance reforms should help reduce transaction costs that have long been an issue for the entire system, James Cameron, president of Cameron & Associates, suggested during an industry event Tuesday. “The goal of…
Ontario adjusters will need retraining on injury definitions as part of auto reforms taking effect in June: Walker
May 11, 2016 by Angela StelmakowichInsurance adjusters will likely need to be re-educated and retrained on new medical terminology when the latest batch of Ontario auto insurance reforms – which include a revised definition catastrophic impairment – comes into force June 1, Laurie Walker, president…
Intact’s assessment of insured damages from Fort McMurray wildfire estimated at $1 to $1.20 per share
May 9, 2016 by Canadian UnderwriterIntact Financial Corporation’s (IFC) assessment of its insured damages from the Fort McMurray wildfire using satellite imagery and its exposure geocoding technology ranges from $1 to $1.20 per share, the insurer said on Monday. The assessment range, while early, is…
Fort McMurray wildfire could hurt 2016 Q2 results for some Canadian p&c insurers, companies offering help
May 9, 2016 by Angela StelmakowichCredit rating agency Moody’s does not anticipate the massive wildfire in and around Fort McMurray will be a credit event for Canada’s property and casualty industry, but is likely to have an impact on 2016 Q2 results for property insurers.…
An estimated 90% of homes in Fort McMurray, Alta. neighbourhood lost in wildfire
May 4, 2016 by Canadian UnderwriterAn estimated 90% of the homes in the Waterways neighbourhood of Fort McMurray, Alta. have been lost as a major wildfire continues to sweep through the town. The Regional Municipality of Wood Buffalo said in a media briefing on Wednesday…
Over-regulation of “driverless” vehicles could stifle industry, say advocates
March 30, 2016 Terry Pedwell - THE CANADIAN PRESSKANATA, Ont. – Driverless cars, trucks and buses are going to cause a major economic headache, and the federal government needs to be ready, say advocates for the country’s high tech and automotive sectors. But Ottawa also needs to tread…