Claims

Why these company execs say claims isn’t yet ready for the future

Be it the Internet of Things, business process automation, environmental concerns, or a whole host of other emerging trends and challenges, the claims industry is behind the times when it comes to being ready to take these on these issues, a panel of claims experts told a recent conference. “My view is that we’re not […]

By Adam Malik | January 23, 2020

3 min read

Canada’s biggest insurance losses in 2019

Insured damage from floods, rain, snow and windstorms reached $1.3 billion in 2019, the Insurance Bureau of Canada (IBC) reported Tuesday, citing data from Catastrophe Indices and Quantification Inc. (CatIQ) “Like 2018, no single event in 2019 caused the high amount paid out for losses,” IBC said. “Instead, Canadians and their insurers experienced significant losses […]

By Greg Meckbach | January 22, 2020

2 min read

State of emergency in St. John’s stretches into sixth day

ST. JOHN’S, N.L. – Commercial flights have resumed in and out of St. John’s, N.L., today, as eastern Newfoundland continues to dig itself out from last week’s record-breaking blizzard. Today is the sixth day the provincial capital has been under a state of emergency after a storm dumped more than 76 centimetres of snow on […]

By Jason Contant | January 22, 2020

2 min read

Adjudicating claims and setting claims reserves are different, right?

An Ontario court has rejected an attempt by claimants in a bad faith claim against an insurer to blur the line between claims adjudication and setting claims reserves, ruling that the insurer’s “records pertaining to reserves” were irrelevant to how the claim was decided. In Kanani v. Economical Insurance, released last Friday, the court considered […]

By David Gambrill | January 21, 2020

3 min read