Claims
Homeowners of Chisholm and Slave Lake, located 150 kilometers north of Edmonton, Alberta, will be covered under most insurance policies for additional living expenses they incurred when the areas in question were evacuated as a result of a forest fire which broke out toward the end of May this year, according to Jim Rivait, a […]
By Canadian Underwriter | June 12, 2001
1 min read
The insurance industry’s natural disaster mitigation body, the institute for Catastrophic Loss Reduction (ICLR), highlighted the value of research and information sharing between the private, public and scientific sectors at its recent annual general meeting. During 2000, the ICLR formalized a partnership with the University of Western Ontario and the Ontario government to build a […]
May 31, 2001
Trends emerging in claims handling suggest that adjusters will be busy in the year ahead, delegates at the recently held Ontario Insurance Adjusters Association conference were told. Fraud and litigation were central topics, with speakers predicting new perils in bad faith and class action lawsuits.
By Vikki Spencer | March 31, 2001
3 min read
Following a fairly mild earthquake which shook the Queen Charlotte Islands and surrounding areas in British Columbia in early February, a second quake of a much greater magnitude of 6.8 on the Richter Scale occurred in the northern part of Washington state in the U.S. at the end of the same month. Although the tremor […]
March 31, 2001
The spread of computer technology in the business world brought with it the promise of the “paperless” office. But, as it turns out, a great future of hyper efficiency and zero waste has become buried under a mountain of paper. As the volume of paper documents continues to pile higher at many insurance businesses, it […]
By Robert Finlay, director and general manager, financial services, | February 28, 2001
Asbestosis, tobacco and pollution related liability exposures were identified by panelists at the recently held Casualty Actuarial Society (CAS) annual meeting as being the top three risks facing U.S. insurers in coming years. Although asbestosis claims subsided in the early 1990s, the latter part of the decade saw renewed activity, according to Jennifer Biggs, a […]
February 28, 2001
2 min read
Listed claims adjusting group Lindsey Morden Group Inc. (TSE:LM) produced a modest 1 a share profit for the third quarter of 2000, but for the full first three quarters of the year delivered its worst return of 98 a share loss. The group’s revenue for the third quarter fell to $92 million from the previous […]
January 31, 2001
Roughly half of the amount paid by insurers through claims resulting from comprehensive auto cover on new vehicles is caused by theft, the Insurance Crime Prevention Bureau (ICPB) and the Vehicle Information Centre of Canada (VICC) recently disclosed. At a Canadian Association of Special Investigation Units luncheon, Terri Maclean, COO of the ICPB says that […]
December 31, 2000
“While Canada does a great job responding to natural disasters and rebuilding afterward, we have a lot to do when it comes to preventing disaster,” says George Anderson, president of the Insurance Bureau of Canada (IBC). Anderson, who recently gave an address at a seminar hosted by the IBC’s sister organization, the Institute for Catastrophic […]
Last year was one of the worst years in the 1990s for natural catastrophes worldwide. There were two major earthquakes in Turkey and one in Taiwan, Columbia, Mexico and Greece, making 1999 the year most severely affected by earthquakes since 1976. The earthquakes in Turkey and Taiwan claimed the lives of over 20,000 people and resulted in economic losses of approximately US$ 26 billion.
By Donald Keefe, manager of engineering property and special risks | November 30, 2000
5 min read
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