Making a Noise
June 2, 2012 David Gambrill, Senior EditorIf small towns burn among our forests or if water seeps into our basements and politicians are not around to listen, does the catastrophe make a noise? Shortly before we went to press, the Insurance Bureau of Canada (IBC) released…
Cloud Cover in Canada
April 1, 2012 David Gambrill, EditorApplied Systems expects to open a new data management centre in Canada in 2012 Q3, helping Canadian brokers transport their operations into the cloud.
Not in Kansas Anymore
March 31, 2012 By Craig HarrisA torrent of tornado activity has highlighted the risk of severe convective storms. While there is some debate over whether twisters are on the rise, the devastating potential for loss of life, injuries and extreme property damage means that the claims response from independent adjusters has to be quick and comprehensive.
Weathering the Storm
March 31, 2012 Craig HarrisStaying true to its “small-office atmosphere,” Townsend & Leedham Adjusters Ltd. has staked out a solid presence in the Edmonton community.
After the Losses
March 1, 2012 Donald P. Callahan, President, CEO, Guy Carpenter CanadaCatastrophe rates were up as of Canada’s January 2012 renewal season. The implications for primary rates, particularly in personal lines, should be clear. Will the upward pressure affect commercial lines?
Bottom Looking Up
March 1, 2012 Craig Harris, Freelance WriterCanada’s commercial insurance market is “in transition,” meaning rates have flattened out in most lines of business, with small increases in some areas such as property. Few, however, see signs of an actual hardening.
Weighing the Losses and New Cat Covers
November 1, 2011 Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction (ICLR)Reinstatement covers and cat excess aggregation covers provide a way to ease the pain of $1-billion cat losses over each of the past three years.
A New Breed of Cats?
September 1, 2011 David Gambrill, EditorInsurers would be doing a real service to their communities (and the industry) by supporting and sharing climate change research that helps the public understand whether or not it’s facing a new breed of cat.
MarketPlace
September 1, 2011 by Canadian UnderwriterClaims Weakened Irene wreaks havoc in Quebec, Maritimes The verdict is still out on insured losses caused by Hurricane Irene in Canada, but loss estimates for the United States range between $3 billion and $6 billion (AIR Worldwide) and for…
MarketPlace
July 1, 2011 by Canadian UnderwriterRegulation OSFI calls for global insurance capital standards Global insurance capital standards would prevent the possibility of companies taking advantage of differences between capital charges across regulatory jurisdictions, according to Canada’s solvency regulator. Julie Dickson, superintendent of the Office of…
F4 tornado in downtown Toronto would cause $4 billion in losses
May 31, 2011 byIf an F4 tornado – which packs wind speeds of between 333 km-h and 418 km-h – ripped through downtown Toronto, it could potentially cause up to $4 billion in losses, said Matthew Nielsen, senior product marketing manager of natural…
Consistent Commitment
March 31, 2011 Laura KupcisAt Claridge Insurance Adjusters, all files are handled with the same dedication, commitment and care, no matter how small or large the claim might seem