Claims Canada

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Reinsurance

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Feature Insurance

Cleaning Up After the Beast

August 1, 2016 Emily Atkins, Editor

A hail of glowing embers bounces off the hood of the pickup creeping in gridlocked traffic. Headlights can’t penetrate the billows of greasy smoke swirling in a hot, heavy wind. As the camera pans, pine trees barely a car-length away

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IBC gives thumbs up to B.C. earthquake report

April 1, 2015 by Claims Canada

The Insurance Bureau of Canada (IBC) is applauding the government of British Columbia’s earthquake preparedness report, which recommends that the provincial and federal governments engage with the insurance industry and other key stakeholders to develop a strategy on disaster resilience

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Feature Commercial LinesEarnings / Ratings

Hurricane Arthur losses won’t exceed $250 million

August 1, 2014 by Claims Canada

Insured losses from Hurricane Arthur, which struck the United States and Canada in July, are not expected to be above $250 million from wind and coastal flooding, catastrophe modeling firm RMS reported in mid-July. Arthur made landfall July 3 along

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The problem with property

June 1, 2014 Craig Harris

In the wake of record catastrophic claims, insurers in key regions of Canada are changing their approach to personal and, to a lesser extent, commercial property insurance. Coverage terms are constricting, sub-limits are being introduced, deductibles are increasing and rates are rising, especially for water damage losses. It will take time before claims are filed on these revised policies and customers discover the true extent of coverage amendments. It’s a testy situation that could put independent adjusters on the spot.

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Lloyd’s releases global warming report

June 1, 2014 by Claims Canada

Lloyd’s of London recently released a report that suggests global warming could either increase or decrease thunderstorm risk in the United States, but a rise in sea levels on the east coast could increase losses from storms similar to Hurricane

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Feature Commercial Lines

Munich re releases nat cat stats

August 1, 2013 by Claims Canada

Natural catastrophe statistics for the first half of this year have been dominated by severe flooding events, although the overall losses were below the average for the last decade, according to Munich Re. Overall, the first half of the year

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Feature Commercial Lines

Aon Benfield Securities releases cat bond stats

August 1, 2013 by Claims Canada

Thirteen catastrophe bonds closed during the second quarter of this year, Aon Benfield Securities reported Wednesday in its latest quarterly report. With a total value of $3.3 billion, the first half of this year has reached a total issuance of

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Feature Commercial LinesLegal

The Big Mingle

April 1, 2013 by Claims Canada

Hundreds of insurance claims industry guests attended the 7th Annual Post CICMA/CIAA Joint Conference Cocktail on Feb. 5, 2013. Entitled The Big Mingle, the event featured a Big-Top theme. Giffin Koerth Forensic Engineering and Blouin Dunn LLP hosted the event,

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Feature Commercial LinesEarnings / Ratings

OSFI release final earthquake exposure guideline

April 1, 2013 by Claims Canada

The Office of the Superintendent of Financial Institutions (OSFI) released the final revised version of its Earthquake Exposure Sound Practices (Guidelines B-9) in late February, following public consultations that began last August. The revised guideline comes from a working group

Dara Banga
Feature Commercial Lines

Start Up

April 1, 2013 Craig Harris

Brampton, Ontario’s Dara Banga caught the entrepreneurial bug and launched his own adjusting firm, DSB Claims Solutions, just over a year ago. His main weapon? A singular focus on quality and customer satisfaction.

Rob Seal
Feature AssociationsCommercial LinesLegal

On The Scene

April 1, 2013 by Claims Canada

Cunningham Lindsey Canada Claims Services Ltd. (Cunningham Lindsey) President and CEO Rob Seal is pleased to announce the firm’s 90th anniversary in Canada. “March 2013 marks Cunningham Lindsey’s 90th anniversary in Canada, an amazing milestone in our firm’s history,” said

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Feature Commercial Lines

Natural perils in 2012 cause $72 billion in insured losses

February 1, 2013 by Claims Canada

In its recently released annual global climate and catastrophe report, Aon Benfield noted that the costliest catastrophe worldwide in 2012 was Hurricane Sandy, while a hailstorm July 12 in Calgary led to claims exceeding $500 million. Impact Forecasting, the Aon