Claims

What claims adjusters are seeing from the Manitoba storm

An “unprecedented” snowstorm that resulted in a provincial state of emergency in Manitoba and left more than 100,000 hydro customers without power does not seem to be a significant event so far from a claims perspective. In the past week, a mix of heavy rain and snow fell across the southern and southeastern portions of […]

By Jason Contant | October 16, 2019

2 min read

What’s keeping claims pros up at night?

Talent shortage and keeping pace with change are two of the top issues facing claims professionals over the next three to five years, but that’s just the start of their concerns. Meeting policyholders’ service level expectations and the volatility of claims patterns are also on their radar. “When I think about service delivery … my […]

By Adam Malik | October 16, 2019

3 min read

Another insurer to withdraw coverage from oil sands

Starting next year, Axis Capital Holdings Ltd. will stop writing new insurance and facultative reinsurance for oil sands extraction and pipeline projects. Pembroke, Bermuda-based Axis writes commercial specialty and reinsurance. Its new thermal coal and oil sands underwriting and investment policy takes effect Jan. 1, Axis Capital said Wednesday in a release. “AXIS will not […]

By Greg Meckbach | October 16, 2019

2 min read

Another province joins class action lawsuit against opioid manufacturers, distributors

CALGARY – The Alberta government is joining a class-action lawsuit to recoup health-care costs related to the opioid crisis, the province’s health minister said Tuesday. Tyler Shandro said there were almost 800 fatal overdoses and 4,200 emergency calls related to opioids in the province last year alone. “Albertans have paid a high price for the […]

By Jason Contant | October 16, 2019

3 min read