Topic Supply Chain
Why Canada should invest in ‘macrogrids’ for greener, more reliable electricity
February 25, 2021 by The Canadian PressThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Authors: Brett Dolter, Assistant Professor, Economics, University of Regina; Blake Shaffer,…
What’s smoking hot in cannabis insurance claims trends
February 24, 2021 by Jason ContantNearly two-and-a-half years after recreational marijuana was legalized in Canada, the country’s P&C insurance industry is starting to get a sense of the type of claims arising from the October 2018 legalization. The big issue right now is vaping, said…
Property restoration space has ‘big capacity’ issue: Brindamour
February 19, 2021 by Greg MeckbachIntact Financial Corp. is aiming to build capacity in what CEO Charles Brindamour calls the “super-fragmented” restoration contractor industry. “Our thought process with On Side [Restoration] is very much consistent with what we tried to do with BrokerLink a decade…
What’s making it harder to estimate property Cat claims
February 17, 2021 by Greg MeckbachRecent price increases in building materials means it is harder than normal to predict the cost of repairing property damage, restoration experts say. Restoration contractor Peak Services handled several thousand claims after the June 13, 2020, record hail storm in…
Missing signature takes homeowner off the hook for paying restoration service bill
January 4, 2021 by Greg MeckbachA restoration firm dispatched by an insurer to respond to water damage at a British Columbia strata unit cannot collect the nearly $1,400 the contractor says the client owes for emergency services. This is the result of a recent British…
Undisputed Neutrality
December 9, 2020 by Adam Malik, Managing EditorIn a world where insurers are amalgamating claims service offerings, third-party forensic engineers can bring to the table a neutral, unbiased perspective that is void of any potential for a conflict of interest, says Chris Giffin, chief executive officer of Haag Canada.
The missing piece Canada’s newest engineering player sees in insurance
November 26, 2020 by Adam MalikThere’s a need for experts capable to handle complex and large loss investigations and provide unbiased views, says the Canadian head of global forensic engineering firm Haag, which has opened up shop in Canada. The Dallas, Tx.-based company expanded north…
Cyber insurance: Most frequent and costly claims revealed
November 24, 2020 by Jason ContantExternal attacks on companies result in the most expensive cyber insurance losses, but internal failures like employee mistakes and technical problems are the most frequent generator of claims by number (albeit with a lower financial impact), a new report says.…
What happened to this therapist who was convicted of insurance fraud
November 17, 2020 by Greg MeckbachAn Ajax, Ont. woman who billed claimants and insurers for therapy services that were never performed has lost her bid to appeal her criminal convictions to the Supreme Court of Canada. In 2008, a motor vehicle accident victim went to…
How much premium it would take for P&C insurers to absorb global BI pandemic losses
November 2, 2020 by Jason ContantProperty and casualty insurers would need to collect business interruption policy premiums for 150 years to make up for projected global output losses in 2020 related to the COVID-19 pandemic, the Geneva Association found in a recent study. “P&C insurers…
Experts say counterfeit hand sanitizer recall is a lesson for retailers
October 22, 2020 by Tara Deschamps - THE CANADIAN PRESSTORONTO – Dollarama Inc. is removing a counterfeit and recalled hand sanitizer from its shelves, which experts say should serve as a reminder of how important it is for retailers and consumers to do their due diligence when shopping. “Since…
How to prevent disruptions in food supply chains after COVID-19
October 2, 2020 by John G. Keogh, Strategist, Advisor, Academic Researcher, University of ReadingThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Almost all businesses involved in the food supply chain have…