A challenge in any fire claim
Homemade explosive renders drinking water unsafe for consumption
Insurers are working with their claims-handling partners to find new ways to reduce the $18 billion in claims costs Canadian property and casualty insurers paid out as of 2010 Q3. Innovation comes in various forms, including billing arrangements, more efficient business or best practices, reducing administrative costs and even changing the nature of the insurer-vendor partnerships themselves.
IBC DENOUNCES PROPOSED PROHIBITION ON EXCLUDING FIRE CLAIMS FOLLOWING TERRORIST ATTACKS, EARTHQUAKES: Canada’s property and casualty insurance industry is “strongly cautioning” the Alberta government to scrap a proposal that would prohibit insurers from excluding claims for fire damage following terrorist…
Insurers and risk managers can help prevent water damage to new construction projects.
As the climate changes, so do the risks facing the insurance industry. Water damage has risen to the number one spot in terms of claims relating to warming weather.
Continuous change is simply a way of life for modern-day, professional loss adjusters. It hits from many different directions and the ability to adapt can be impacted by the daily challenges of dealing with customers who have been traumatized by…
Canada’s insurers are experiencing a flood of water damage claims, thanks to a variety of factors. At the same time, they might be on the verge of re-thinking the absence of coverage
OIAA president Alan Gallagher says the association is employing job fairs as one way to recruit caring people with a well-rounded education into the profession
B.C. and Alberta have both introduced proposed changes to their Insurance Acts. The amendments are intended to clarify when fire damage can be excluded from coverage and when it can’t be.
Canadian reinsurers are enjoying a rare moment in history when the financial state of the industry is living up to the Canadian stereotype of stability — and maybe even the reputation of being a little bit dull. “Dare to be…
A recent Munich Re report says “existing mechanisms for distributing the risk between the private insurance sector, the state, and the federal government should be reconsidered” in light of the hurricane seasons of 2004 and 2005. The report, entitled ‘The…