Dr. Burns Cheadle to Address Fracking Effects at CRU Adjuster Seminar by CRU – Catastrophe Response Unit by Catastrophe Response Unit Group, March 3, 2015, Canadianunderwriter.ca
Dr. Cheadle, an Associate Professor of Petroleum Geology at Western University will be a key speaker at the upcoming CRU Adjuster Seminar in Toronto next week. After a long career in the Alberta oil and gas business, he returned to his alma mater of Western where he is also Director of Corporate Relations and Student Professional Development. Dr. Cheadle’s research has been focused on exploration and development of oil and natural gas from shale reservoirs.
At 2PM on Thursday, March 12th, at the Delta Markham Hotel, Dr. Cheadle will present “Risk Management with Induced Seismology (Fracking)” to Insurance related professionals. [Emphasis added]
Eight Industry Leaders to Present at Next Week’s CRU Toronto Seminar by CRU – Catastrophe Response Unit, March 2, 2015, CanadianUnderwriters.ca
CRU is again presenting two days of exceptional insurance presentations and conversation as an industry service. This complimentary event is open to all insurance claims management, adjusters and industry personnel. Please join us March 12/13 for either part or our whole event at the Delta Markham Hotel.
Thursday, March 12th features six industry presenters. The morning sessions address “Environmental Claim Handling”, and the afternoon sessions include “How New Technology and Data Effect Claims Processing”, “Better Catastrophe Preparation from Insureds” and “Fracking Induced Earthquakes”.
Friday, March 13th, focuses on changes in field adjusting with two featured industry experts. Sessions include “Symbility”, “Xactimate Updates”, “Environmental Claims”, “Extreme Weather” and “Tricks for a Perfect File”.
Complimentary lunch is provided both days and CRU is hosting a special Thursday Evening Social to introduce Maltman Group International. The social includes dinner and a Vegas style show highlighting Buddy Holley, Ed Sullivan and Mick Jagger!
Featured Guest Presenters include:
Dwayne Hermes – Fracking Legal Specialist from Hermes, Sargent and Bates LLC
Carolyn Rennie – Director of Catastrophic Loss Analysis (CatIQ)
Jonathan Rice – Director of Academy of Insurance Adjusting
Dan Sandink –Institute of Catastrophic Loss Reduction (ICLR)
Oland Robinson – Environmental Claims Specialist
Dr. Paul Nony – Center for Toxicology and Environmental Health (CTEH)
Dr. Burns Cheadle – Western University
Anthony Farnell – Chief Meteorologist for Global News
Agenda:
Thursday, March 12th – Industry Presentations
9:15 – Catastrophe Response Unit – Yesterday, Today and Tomorrow
9:45 – “Controlling the Outcome of an Environmental Disaster” Environmental claims Specialist Oland Robinson provides case study of planning that pays off
10:45 – Break
11:00 – “The Fingerprints of an Environmental Claim”
Dr. Paul Nony, Senior Toxicologist – Center for Toxicology and Environmental Health
12:00 – LUNCH provided by CRU Adjusters
1:00 – ”New Technology and Data – the Effect on Claims Processes” Are all the new tools improving claims service? Jonathan Rice – Academy of Insurance Adjusting / Carolyn Rennie – CAtIQ
2:00 – “Better Catastrophe Protection”
Dan Sandink – Institute for Catastrophic Loss Reduction
3:00 – Break
3:15 – “Fracking and the Potential Damaging Effects”
Legal perspectives, liability and responsibility
Burns Cheadle – Western University / Dwayne Hermes – Hermes, Sargent & Bates
Friday, March 13 – Adjuster Development
8:30 – Catastrophe Response in Canada
Jonathan Rice – Academy of Insurance Adjusters / Skip McHardy – CRU
9:00 – Adjusting Environmental Claims
The Ins and Outs to transition into this growing specialty arena
10:15 – Advantage Symbility
11:00 – Break
11:15 – ICC and Indemnity Control
Insurance Claims Collaborative
12:00 – LUNCH
1:00 – “Are Extremes Becoming the Norm?”
Anthony Farnell – Chief Meteorologist for Global National, Toronto and Montreal
2:00 – File Reviewing 202 – Tricks from the Masters
Shortcuts and secrets to providing a file that stays closed
3:00 – Break
3:15 – Staying Current with Xactimate and XactAnalysis
Jonathan Rice – Academy of Insurance Adjusting / Hamid Razavi – CRU
4:30 – Closing Remarks
Registration is limited! To save a place or get additional info, please email email hidden; JavaScript is required
About CRU:
Catastrophe Response Unit Group is a North American independent adjusting company providing services and consultation with adjusting specialties in residential, commercial, auto, environmental, and liability claims. Utilizing the latest technology and industry proven processes, we provide exceptional customer service while managing the loss adjusting expense and indemnity of every claim. [Emphasis added]
[Refer also to:
2015 02 28: American Insurance Industry Adjusts to Earthquake Risk Caused by Fracking
2013 12 20: Major earthquake could cause $75B in damage, study by Insurance Bureau of Canada warns; major quake would bring insurance industry to its knees
2013 08 09: NY Landowners Denied Homeowners Insurance because of Gas Well
2013 03 25: Quake Lawsuits Shake Up Shale Play Companies
2012 09 05: Natural Gas Driller and Insurer Dispute Coverage for Fracking Claim
2012 07 16: Nationwide Insurance continues avoiding shale gas fracking risks
2012 07 14: Nationwide Statement Regarding Concerns About Hydraulic Fracturing
2012 07 12: EARTHQUAKES: Drillers face first class-action suit for triggered temblors
2012 06 21: Fracking: Considerations for risk management and financing
2012 05 11: Analysis: Insurers find it tough to price fracking risk
2012 01 24: Fracking a lesser-known, but significant environmental insurance risk
New Technology Creates New Insurance Issues for Oil and Gas Lease Operators by Pascal Ray and the AmWINS Energy Specialty Practice
This shift to unconventional drilling and heavy multi-stage fracking has created new insurance issues for the industry:
• Increase in blowouts during the completion/fracking stage.
• Increase in blowouts involving communication between multiple wells.
• Increase in blowouts caused by casing/cementing failure.
• Increase in blowouts caused by surface events.
In addition to these blowout trends, we are seeing:
• An increase in blowouts involving producing wells.
• An increase in blowouts involving plugged and abandoned wells.
While fracking has been the cause of some of the blowout increases, producing wells and plugged and abandoned wells are experiencing underground blowouts from the failure of old and corroded casings. These underground blowouts can lead to cratering events that are costly and difficult to bring under control.
Underground blowouts can be much more expensive to bring under control than surface blowouts, yet many operators do not insure these wells or have high enough limits for them. Another issue that has arisen from fracking is an increase in surface and water table pollution events that can result in expensive claims and erode the Control of Well limit rapidly, if not entirely. As a result, many of the blowouts that are now occurring are under-insured. [Emphasis added]