Topic
Commercial Lines
One simple way to reduce the severity of barn fires
March 4, 2019 by Jason ContantEnhancing building codes to include early detection systems could help generate a faster response in the case of farm fires, said Ken Worsley, who leads Cowan Insurance Group’s national agri-commercial industry practice. Early response systems include things like heat, fire…
Why the insurance industry needs a “killer use case” for blockchain
February 28, 2019 by Jason ContantThe insurance industry needs a “killer use case” for blockchain that all stakeholders can agree on before moving forward with more widespread adoption, a speaker suggested Wednesday at the Insurance-Canada.ca Technology Conference. “I think we are still on that journey…
What the commercial underwriter of the future might look like
February 22, 2019 by Jason ContantCommercial underwriting in the future may expand to encourage more cross-functional and hybrid responsibilities, potentially with engineering, claims, finance or operations, according to a new report from McKinsey & Company’s insurance practice. “To attract younger talent, companies need to recognize…
Insurer CEOs react to hardening commercial market
February 13, 2019 by Greg MeckbachThe pace of the hardening market in commercial lines has come as a surprise to some executives at Canada’s largest property and casualty insurer. “We have seen a shift in commercial lines that is pretty abrupt in the past six…
The “perfect storm” conditions for commercial rate increases
February 4, 2019 by Jason ContantThe past few years have created a perfect storm leading to an increase in commercial insurance rates, Signature Risk Partners Inc. says in a white paper released last week, entitled Hard Commercial Insurance Market on the Way. One factor is…
Why the cyber market has become so crowded
January 31, 2019 by Greg MeckbachClients shopping for cyber insurance today can choose from among far more carriers than they could a few years ago, because it’s such a profitable line of business. However, one reason cyber is more profitable than other lines of coverage…
Changing the Environment
March 22, 2016 Emily Atkins, EditorPieter Heydenrych is set to adjust environmental claims and move the social needle as well
The Bigger They Come
July 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance WriterComplex losses frequently necessitate the use of forensic experts, namely engineers. Even for seasoned adjusters, issues such as causation, coverage and surrounding circumstances may be too complicated in certain claims scenarios. That’s when they need to tap into the expertise of forensic specialists. Clear lines of communication, well-preserved evidence and as much advance notice as possible are the keys to the right working relationship, according to several forensic engineers.
Lessons from below
July 31, 2015 Geoff Lay, technical engineering associate, Giffin Koerth|Geoff Lay, technical engineering associate, Giffin KoerthSubsurface construction, such as shoring walls, can present clients and adjusters with unexpected exposures.
The Additional Insured
May 31, 2015 Michael S. Teitelbaum, partner, Hughes Amys LLP|Michael S. Teitelbaum, partner, Hughes Amys LLPAn oil spill case shows the consequences of not naming an additional insured on a policy
Understand The Tension
March 31, 2015 Derek Gibson, Project Engineer; and Philip Sarvinis, Managing Principal, Building Science and Restoration practice, Read Jones Christoffersen|Derek Gibson, Project Engineer; and Philip Sarvinis, Managing Principal, Building Science and Restoration practice, Read Jones ChristoffersenAdjusters can help with disaster assessment of post-tensioned reinforced concrete structures.
Federal government wants more insurance for railways
March 31, 2015 byA bill proposing to mandate specific levels of insurance for Canadian railway operators – of $1 billion in some cases – was tabled March 30 in Ottawa for second reading in the House of Commons. MPs debated Bill C-52, the…