Industry
STEINBACH, Man. – Hundreds of cattle have been killed in a fire that destroyed a large dairy complex in southeastern Manitoba. The fire broke out sometime before 5 a.m. Monday at the four-barn Pennwood Dairy, northeast of Steinbach. Kelvin Toews, the community’s fire chief, said there were about 1,000 animals in the barns and about […]
By Greg Meckbach | August 12, 2019
1 min read
VANCOUVER – The British Columbia Wildfire Service says a fire in the province’s south Okanagan remains out of control but its direction offers a better chance for containment. The blaze near the town of Oliver has charred nearly 23 square kilometres since it was discovered. Although flames continue to spread to the south and southeast, […]
By Greg Meckbach | August 9, 2019
2 min read
A privacy class-action lawsuit against The Personal Insurance Company could be settled for about $2.2 million, the plaintiffs’ law firm said Friday. In 2018, Waddell Phillips Professional Corporation filed the lawsuit in Federal Court on behalf of auto claimants with The Personal who had their credit score information accessed by the insurer. The Personal had […]
Predicting losses from wildfire is more difficult than for other natural hazards like wind and earthquake, a risk control expert for one insurer suggests. Catastrophe models that predict losses come from research on how wind and ground motion affects buildings, noted Scott Steinmetz, global head of risk control for MidCorp at Allianz Global Corporate & […]
Aviva Canada has turned its financial results around over the past year, with a dramatic 7.1% drop in its combined ratio in the first half of 2019 compared to the same period last year. Aviva’s Canadian business reported a 97.5% COR in the first half of this year, compared to a COR of 104.6% over […]
By David Gambrill | August 8, 2019
4 min read
When nearly half of your time is taken up doing mundane – but essential – tasks, one expert believes it’s time to embrace a better way. Carlos Benfeito, Montreal-based head of insurance products at Element AI, noted that about 40% of an underwriter’s job is taken up by manual data entry and evaluation. Think of […]
By Adam Malik | August 8, 2019
Paul Mlodzik has left The Co-operators Group Ltd. to oversee a new division at Saskatchewan Government Insurance (SGI). He is now executive vice president and chief customer officer of SGI’s newly-formed customer, communications and marketing division. It’s his second time working for a provincial crown corporation insurer. The new SGI division will link SGI’s customer, […]
August 8, 2019
VANCOUVER – A wildfire burning in steep and rocky terrain in British Columbia’s southern Okanagan is defying containment efforts and has grown to nine square kilometres in size. BC Wildfire Service maps show flames are moving through an area of cliffs and other challenging terrain on the east side of Highway 97 and officials say […]
By Greg Meckbach | August 7, 2019
Say a commercial insurance policy stipulates that a coverage dispute lawsuit cannot proceed unless the client launches it within a year of discovering the loss. What happens if there is business interruption both before and after start of the limitations clock? The question is not whether the client is continuing to suffer a loss or […]
An online-only brokerage is working on an artificial intelligence tool that would alert staff if a client whose situation has changed could now get a better deal on their insurance. Magreth, Alta.-based surex.com Ltd. recently developed a prototype of an AI tool for the renewal process for home and auto customers, said Matt Alston, surex.com’s […]
3 min read
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