Independent adjusting firm Crawford & Company (Canada), Inc. has acquired Cherrie Griffith Ltd., a provider of risk and claims services in the Ottawa region for more than 10 years. The acquisition was the second in two months within the claims…
Despite rising premiums, homeowners’ satisfaction with their insurance providers has increased for the third consecutive year, according to the J.D. Power 2018 Canada Home Insurance Study. The survey, released on Thursday, rated overall satisfaction at 786 on 1,000-point scale. Homeowners…
Is the traditional hard market “broken”? Insurance pricing cycles have all but evaporated over the past decade, with premium rates during this period showing an overall decline. The trend is illustrated once again in the 2018 Risk and Insurance Management…
Catastrophe Indices & Quantification Inc. (CatIQ) has launched Canada’s first ever insurance Industry Exposure Database (IED), developed with support from the Canadian property and casualty insurance industry and in partnership with Zurich-based PERILS AG. The IED contains 2016 and 2017…
A brief but powerful thunderstorm that rolled through southern Ontario on June 13 has been declared a notable claims event by Catastrophe Indices and Quantification Inc. (CatIQ). While the storm did not meet the catastrophe threshold of at least $25…
The Fort McMurray Airport Authority (FMAA) is suing FM Global for more than $34 million, contending that the insurer breached its obligations under a policy in place during the Fort McMurray wildfire in May 2016. In a statement of claim…
Brokers looking to sell cyber insurance to commercial clients should be looking to partner with non-insurance firms specializing in security and risk assessment, one Quebec-based broker advises. “Brokers need to look at not just selling insurance but partnering, and how…
Ontario and Quebec’s May 4 windstorm event has the Canadian claims industry talking about the proper roles of contractors and adjusters, based on unconfirmed reports that individual rogue contractors – e.g. not people associated with the larger restoration contracting firms –…
Half a century after the completion of the Red River Floodway, Manitoba still provides the best examples of overland flood defence work in Canada, the founder of a property loss think tank suggests. The Manitoba government estimates that the Red…
Five years after Albertans lost billions as a result of record floods, Ontario leads the nation when it comes to keeping properties out of high-risk areas, a catastrophe loss expert contends. “Ontario has been most aggressive at trying to make…
Will the legalization of recreational marijuana encourage some Canadians to start using pot? In jurisdictions where cannabis has been legalized “we see spikes in use at the onset of sales,” Lewis Koski, former director of the Colorado Marijuana Enforcement Division,…
OTTAWA – The Supreme Court of Canada has ruled against the City of Montreal in a case involving rioters who damaged police vehicles after a 2008 Montreal Canadiens victory. Several police cars were set ablaze and some were destroyed in…