Claims

What happened to the ‘quiet’ hurricane season?

Not long ago, hurricane season began very quietly with no North Atlantic hurricanes in all of August. But now it appears 2022 could produce a record-breaking hurricane. Property data provider CoreLogic is predicting Hurricane Ian could be the costliest Florida storm since Hurricane Andrew in 1992. Ian will have an industry-changing impact on the future […]

By Jason Contant | September 30, 2022

4 min read

How changing bond yields can help insurers fill their coffers

Bond investments make up a large percentage of insurance companies’ investment portfolios. And bond investors have faced challenges throughout 2022, with rising yields causing returns to lag at historic levels, Michael Cook, vice president, client relations & LDI client portfolio manager at CIBC Asset Management, wrote in the Property and Casualty Insurance Compensation Corporation’s latest […]

By Phil | September 30, 2022

2 min read

Will Canada’s cyber reporting be harmonized?

The Insurance Bureau of Canada would like to see a harmonization in Canada on cyber reporting, says Celyeste Power, IBC’s executive vice president of strategic initiatives and advocacy during a Canadian Underwriter webinar. “A lot of regulators around the world are doing cyber reporting, [that is], how insurers need to report on cyber and take steps […]

By Alyssa DiSabatino | September 30, 2022

2 min read

How a building owner should respond when a contractor’s hit by inflation

How can you prevent construction claims stemming from disputes over project costs that rise due to inflation? For construction project owners, the simplest way to control escalating costs may appear to be sticking to the contract price. The contractor bid competitively and won the project, so cost escalations are clearly, and contractually, their problem. Many […]

By Phil | September 29, 2022

3 min read