Correction (December 01, 2008)

In the October/November Spotlight feature, John Schick was incorrectly listed as an adjuster at MidWest Claims Services. He is, in fact, the company’s auto/machinery appraiser. We apologize for the error. •

November 30, 2008 | Last updated on October 1, 2024
1 min read

In the October/November Spotlight feature, John Schick was incorrectly listed as an adjuster at MidWest Claims Services. He is, in fact, the company’s auto/machinery appraiser.

We apologize for the error. •

How record-high Cat season will impact reinsurance renewals

Claims

How record-high Cat season will impact reinsurance renewals

About half of the Canadian P&C insurance industry’s projected $7.7 billion in losses due to four natural disasters over the summer will be covered by reinsurance, a reinsurance broker told the National Insurance Conference of Canada (NICC) in Vancouver Tuesday. “We can observe that about 50% of the losses coming out those four main events […]

By David Gambrill | September 26, 2024

3 min read

Why Calgary’s hailstorm could send more Alberta auto insurers to the exits

Claims

Why Calgary’s hailstorm could send more Alberta auto insurers to the exits

Calgary’s record-setting hailstorm in August may send more of the province’s auto insurers heading for the exits, Insurance Bureau of Canada warned Thursday. “The Calgary hailstorm will add $900 million in unexpected claims cost pressures at a time when Alberta’s auto insurance system is in crisis due to the province’s rate cap,” Aaron Sutherland, IBC’s […]

By David Gambrill | September 19, 2024

3 min read

Former Definity adjuster disciplined for $102K embezzlement scheme

Claims

Former Definity adjuster disciplined for $102K embezzlement scheme

Quebec’s P&C insurance regulator has found a former insurance adjuster guilty of an embezzlement scheme, in which he faked client claims and siphoned more than $100,000 in claims payments from Definity into his own bank accounts. The Chambre de l’assurance de dommages (ChAD) says the former Definity adjuster, Tresor Luyeye, committed 13 Code of Conduct […]

By David Gambrill | September 20, 2024

3 min read