Insurance companies seek reforms to allow insurance adjusters to more easily work in other provinces after disasters

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 92%

Streetwise News

Ireland Ireland Latest News,Ireland Ireland Headlines

Currently in Canada, each jurisdiction has its own rules and requirements for adjusters, which means a provincial licence for an adjuster is not recognized in every other province

Cars drive slowly through water overflowing onto highway 40 in Sainte-Anne-de-Bellevue on the island of Montreal after heavy rains hit the area on Aug. 9.After four severe weather events this summer that saw a spike in natural-disaster claims in Canada, property and casualty insurers are asking insurance regulators to establish a more cohesive licensing regime that will allow adjusters to work in multiple jurisdictions across the country.

. Over the summer, insurance companies saw the number of claims submitted in just a two-month period reach “well over 200,000,″ the coalition said – more than insurers have received in any full year before 2024.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines