Canadian Underwriting Services merges with iv3 Solutions

Inspection and loss control provider iv3 Solutions has merged with Canadian Underwriting Services (CUS).The merger creates the second largest provider of unique property information, inspection and loss control services in the Canadian property and casualty industry, with the goal of becoming North America’s largest inspection and property data services company within the next five years, […]

By Canadian Underwriter | August 18, 2010 | Last updated on October 2, 2024
1 min read

Inspection and loss control provider iv3 Solutions has merged with Canadian Underwriting Services (CUS).The merger creates the second largest provider of unique property information, inspection and loss control services in the Canadian property and casualty industry, with the goal of becoming North America’s largest inspection and property data services company within the next five years, says an iv3 release.CUS/iv3 will provide its customers with access to unique property data on up to 6 million properties in Canada by 2011, the release adds.

Canadian Underwriter

A different type of auto fraud

Claims

A different type of auto fraud

Although preliminary reports suggest auto theft in Canada is decreasing in 2024, another issue of concern is emerging for auto insurers: a surge in fraudulent credit applications. Automotive application fraud is up 54% year-over-year in Canada, largely driven by falsified credit applications and the continued prevalence of identity theft, consumer credit reporting agency Equifax Canada […]

By Jason Contant | September 24, 2024

2 min read

After Calgary’s record-breaking storm, do homeowners have proper hail coverage?

Claims

After Calgary’s record-breaking storm, do homeowners have proper hail coverage?

This summer’s hailstorm that caused over $2.8 billion in damage across the city of Calgary helps raise the question: do homeowners have sufficient coverage for their risk?  “Most home insurance policies cover damage caused by hailstorms, however the extent of the coverage and what the policy covers can vary,” says Steven Harris, licensed insurance broker […]

By Alyssa DiSabatino | September 24, 2024

2 min read

Captain Obvious: Premiums will rise after 2024’s loss year

Claims

Captain Obvious: Premiums will rise after 2024’s loss year

If one consequence of insurers paying out $7.6 billion in claims damage for severe weather events isn’t obvious enough, P&C insurance industry professionals are spelling it out: consumers can expect to see their property premiums increase sometime in the near future.  “I’m happy to be in an industry that’s trying to actually meet the consumer’s […]

By Alyssa DiSabatino | September 20, 2024

3 min read