Canadian Underwriter

equipment breakdown

A person wearing goggles and controlling a drone in the sky
News ClaimsEngineeringInsuranceTechnology

How tech is helping insurers mitigate equipment breakdown losses

August 17, 2022 by Alyssa DiSabatino

The use of drones has accelerated some loss control operations in equipment breakdown insurance, but there are pros and cons to using these technology advancements says Doug Laurin, Director, National Energy & Equipment Breakdown at Intact. A benefit is that

News AdjustersClaimsClaims CanadaEngineeringInsurance

Pyrrhic victory for Intact in faulty workmanship coverage dispute

May 27, 2020 by Greg Meckbach

Intact Insurance has convinced an Alberta court that the “faulty workmanship” exclusion applies in a disputed commercial fire claim but the carrier still has to pay more than $600,000 to a bakery, mainly because the judge rejected Intact’s definition of

News ClaimsCommercial LinesInsuranceMarkets / Coverages

Trends Intact is seeing with equipment breakdown losses

July 18, 2019 by Jason Contant

The increasing interconnectedness of buildings is leading to larger losses from an equipment breakdown standpoint, said Loren Gardiner, vice president of specialty solutions for Intact’s western division. For example, there are now alarms built right into electrical systems, and there

News InsuranceMarkets / CoveragesTechnology

The Boiler Inspection and Insurance Company of Canada launches new equipment breakdown insurance coverages for small businesses

November 7, 2016 by Canadian Underwriter

The Boiler Inspection and Insurance Company of Canada (HSB BI&I) has launched a new comprehensive equipment breakdown insurance package – All Systems Go Plus, with new TechAdvantage coverages, designed for small businesses in Canada. Launched last week, the All Systems

Feature InsuranceMergers and AqcuisitionsTechnology

Small Matters

June 1, 2016 David Pivato, Vice President, Boiler Inspection and Insurance Company of Canada

Use of microelectronics and controls is ubiquitous today. But along with the efficiency and performance that microelectronics offer, equipment that is smaller, faster and smarter also brings with it vulnerabilities and the chance of breakdowns that could prove disruptive and costly.