Claims

The Science of Numbers – Accident Reconstruction

As auto claims loss costs rise, there is continual focus on accident reconstruction and new tools are helping experts to determine the causes and conditions of vehicle crashes more accurately. With the introduction of computer programs to "model" accidents, and greater research on the mechanics of crashes, there is still the need to adhere to the fundamentals of accident reconstruction -- scientific analysis and objective conclusions.

April 30, 2002

5 min read

Leveling Construction Theft

Financial loss due to theft of equipment in the construction field has reached epidemic proportions. The Toronto Construction Association estimates that thieves currently walk or drive off Ontario construction sites with over $12 million worth of equipment each year, with the countrywide theft tally amounting to more than $32 million annually. Can insurers and their construction clients limit their exposures?

April 30, 2002

3 min read

Lindsey Morden losses up in Q1 2002 due to outstanding claims

International adjusters Lindsey Morden, operating in Canada as Cunningham Lindsey, is reporting a net loss of $7.9 million for the first quarter 2002, on the back of expenses and outstanding claims. The $9.9 million in expenses for the quarter ending March 31, 2002, along with settlement of two large outstanding claims, were largely to blame […]

By Canadian Underwriter | April 18, 2002

1 min read

Bush urges Senate action on terrorism insurance

As expected, U.S. President George Bush used a Monday press conference to tout the importance of a federal backstop for terrorism insurance. In a speech to labor leaders, Bush urged the Senate to pass a bill creating a federal program to offer terrorism reinsurance to insurers, citing lost jobs and stalled construction projects resulting from […]

By Canadian Underwriter | April 9, 2002

2 min read