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Lost Cause? Examining The Future Of Loss Adjusting

More often than not, a loss adjuster is one of the first people a claimant will meet following a highly traumatic and emotional experience. Whether that’s a house fire, flood, or where they’re being sued for personal injury, it’s the loss adjuster’s job to gather evidence, expert opinions and witness statements, before finally negotiating settlement of the insurance claim.
May 25, 2016 Auto Catastrophe Liability Property Risk Management

FEMA Announces Reforms To Restore Credibility Of NFIP

The head of FEMA’s National Flood Insurance Program has announced major reforms in the wake of accusations of fraud and delays in the insurance review process.
May 24, 2016 Catastrophe Legislation & Regulation Property Risk Management

Claims Payouts Increasing Exponentially With Extreme Weather Events

It is likely that 2016 will be a huge year in terms of insurance payments due to the Fort McMurray wildfire, said the Insurance Bureau of Canada (IBC).The IBC reported that severe weather insurance claims have been rising for a few decades and have climbed exponentially since 2009.
May 20, 2016 Auto Catastrophe Property

Fort McMurray Insured Losses Between $4.4B And $9B: AIR

Industry insured losses from the Fort McMurray wildfire that began May 1 and is still being fought today is estimated at $4.4 billion to $9.0 billion, AIR Worldwide reported late Monday.
May 17, 2016 Auto Catastrophe Property

Oklahoma Governor Declares State Of Emergency In 15 Counties

Fifteen Oklahoma counties have been declared as part of a state of emergency from the May 8 and May 9 storms. Atoka, Bryan, Choctaw, Cleveland, Coal, Comanche, Garvin, Johnson, Kay, McCurtain, Murray, Noble, Payne, Stephens and Tillman counties were all named as part of the state of emergency.
May 11, 2016 Auto Catastrophe Property Oklahoma

Mobile Claims Centers Set Up, Adjusters Awaiting Access To Fort McMurray Area

As the wildfire situation in Fort McMurray, Alta appeared to stabilize Sunday, insurance companies across Canada have already begun deploying mobile response units and flying in personnel to the province from across the country to prepare to assess the damage.
May 10, 2016 Auto Catastrophe Property

Wildfire Could Result In Costliest Insurance Payout In Canadian History

The damage costs from the fire ripping through Fort McMurray, Alta., could reach $9 billion for insurers if it gets to the point that the entire town has to be rebuilt, an analyst at Bank of Montreal said Thursday.
May 6, 2016 Auto Catastrophe Property

State Of Emergency Declared As Wildfires Rage In Alberta

Amid raging wildfires in Alberta, Canada, the provincial government has declared a state of emergency as two more communities prepared to evacuate overnight Wednesday. Some of the 80,000 residents who had fled Fort McMurray to Anzac after a mandatory evacuation notice were told just after midnight that they would have to move again.
May 5, 2016 Auto Catastrophe Property

Entire Population Evacuates As Wildfire Torches Canadian City

Fire raged unchecked through the Canadian city of Fort McMurray overnight as authorities raced to complete the evacuation of its population of 80,000, fearful that hot, dry winds forecast for Wednesday would further fan the flames.
May 4, 2016 Auto Catastrophe Property

Ice Storm Caused $25M In Property Damage In Southern Ontario

The March ice storm that swept through York Region and southern Ontario caused more than $25 million in property damage, according to the Insurance Bureau of Canada. Strong winds and freezing rain toppled fences, downed trees and power lines and left hundreds without power between March 23 and 26.
May 3, 2016 Catastrophe Property

Insurers Beware: 200+ Tornadoes Recorded Before Spring Even Started

Reptile theories and product liability strategies aside, this month’s feature article on tornado damage inspections comes at a particularly useful time.
May 2, 2016 Catastrophe




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