Claims

How the P&C industry responded to Canada’s National Adaptation Strategy

Canada announced today a total of $1.6 billion in new federal funding to help communities adapt to climate change by building infrastructure more resilient to natural disasters. The investment is part of the federal government’s new National Adaptation Strategy: Building Resilient Communities and a Strong Economy. “Funding will help municipalities and townships build public infrastructures […]

By David Gambrill | November 24, 2022

3 min read

Why your SME client needs intellectual property ‘pursuit’ coverage

Your small and medium-sized enterprise (SME) clients need to consider intellectual property (IP) ‘pursuit’ coverage to allow them to take on large corporations to protect their products and market share, a specialist insurance provider told Canadian Underwriter. A business’s ability to defend itself against claims of infringement accounts for a majority of IP claims, CFC […]

By Jason Contant | November 24, 2022

3 min read

What reinsurance renewals could look like on Jan. 1

Global reinsurers are expected to raise property catastrophe rates “by well over 10%” in exposed areas during January 2023 renewals, a Fitch Ratings report stated. “We expect double-digit percentage premium rate rises for property catastrophe cover in 2023 driven by insured losses of about US$120 billion in 2022 and the increasing frequency and severity of […]

By David Gambrill | November 23, 2022

2 min read

Does an immuno-compromised adjuster have to return to field work?

For almost three years, there’s been confusion around COVID-19 protocols. It’s made it hard for people to get on with their daily lives. An example of how these stresses burden our industry is illustrated in a dilemma faced by a claims adjuster in a regional branch office. Recently, an immuno-compromised colleague approached the claims adjuster […]

By Phil | November 23, 2022

3 min read