Claims

First Cat of the year predicted after powerful “derecho” storm

A series of powerful thunderstorms that affected Ontario and parts of Quebec this weekend is already being billed by the industry as the first major Cat of 2022. And while industry experts anticipate a large number of insured damages, one predicts the storm may result in a lot of “hidden damage.”  Labelled a “derecho” by […]

By Alyssa DiSabatino | May 24, 2022

3 min read

Manitoba premier tours flooded cottage country as waters continue to rise

WINNIPEG – Manitoba Premier Heather Stefanson has taken a helicopter tour of a flooded region in the eastern part of the province. Stefanson says the amount of water is overwhelming in Whiteshell Provincial Park, the latest area to be hit in a series of floods. The province is expanding a mandatory evacuation order that covers […]

By Jason Contant | May 24, 2022

1 min read

Brokers beware: High inflation may catch up to claims valuation software

Valuation models in software systems used by insurers to calculate replacement and restoration costs for commercial structures must be checked more often when inflation’s running high. That’s because costs for labour, lumber, drywall, concrete and other construction materials can jump daily. How often inputs need to be reviewed will depend on the specific tool a […]

By Phil | May 20, 2022

3 min read

Ford recalls vehicles including nearly 3,000 SUVs in Canada over fire risk

DETROIT – Ford has issued three recalls of more than 350,000 vehicles in North America, including nearly 3,000 in Canada and 39,000 in the U.S. due to a risk the engines could catch fire. Transport Canada said in a recall notice Thursday that some 2021 Ford Expedition and Lincoln Navigators could catch fire in the […]

By Jason Contant | May 20, 2022

2 min read