Co-Dependant
October 1, 2015 Timothy Zimmerman, Senior Manager, Litigation Accounting and Valuation Services, Collins Barrow Toronto LLPWhen it comes to business interruption co-insurance, there are a number of common mistakes that insurance professionals make. A clear understanding of co-insurance, a complex component of business interruption losses, is key to avoiding miscalculations that can have a significant impact on a claim for both the insurer and the policyholder.
Value in Safety
October 1, 2015 Mandip Hullait, Director, Commercial Insurance, Auto, RSA CanadaDriver safety management programs are essential for commercial fleets. Brokers, however, can play an important role in educating commercial clients about what risk management practices can keep drivers safe, avoid collision-related claims and allow business operations to continue running smoothly.
Information at risk of breach when in transit on public networks: IDT911
September 28, 2015 Angela Stelmakowich, EditorBeing in transit can be a risky venture when it comes to information, suggests Brian Huntley, senior information security advisor for IDT911 Consulting. “Information is especially at risk of breach when it is in transit on public networks, and when…
Lack of understanding the overarching risk of uninitiated companies looking to seize benefits of drone use: Zurich Canada
September 28, 2015 Angela Stelmakowich, EditorThe expanding interest in drones means many companies and industries considering their use will be engaged in an aviation activity for the first time, necessitating that they have a firm grasp of associated risks before moving forward, suggests a new…
Food for Thought
September 1, 2015 Christof Bentele, Head of Global Crisis Management, Allianz Global Corporate & SpecialtyFood contamination incidents are not uncommon and related liability costs are on the rise. These costs can be hefty – at best, damaging to the company brand; at worst, fatal to the business. It is essential that companies be prepared and ready to respond should a contamination event occur.
Renewed Faith
September 1, 2015 Bruno De Vita, Partner; and Hollis Bromley, Partner, Alexander Holburn Beaudin + Lang LLPTwo recent judgements in Canada indicate Canadian courts are taking a conservative approach on punitive damages in bad faith claims lawsuits against insurance companies
Driving Satisfaction
September 1, 2015 Valerie Monet, Director, Insurance Practice, J.D. PowerA recent survey from J.D. Power shows auto insurance providers need to focus on customer service to compete in Canada. One area where that focus will likely be important is the digital channel space.
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.
Five Common Fire Culprits
July 31, 2015 Mena Costandi, Forensic Engineer, Origin and Cause Inc.The threat of residential fire can emerge from several potential sources.
Beyond Fun and Games
July 3, 2015 Andrew Duxbury, Underwriting Manager, Munich ReToronto is playing host to the Pan Am Games and the Parapan Am Games this summer. But what if something happened – a flood, a civil protest, a transportation shutdown? What could it mean for reinsurers and insurers if the Games are interrupted?
Moves and Views
May 1, 2015 by Canadian Underwriter1 Liberty International Underwriters Canada announced in April the appointment of Garth Pepper [1a] as president, replacing Mike Molony [1b], who is retiring and has served as LIU Canada president since 1999. Pepper most recently was senior vice president of…
Leakage!
March 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance WriterThe notion that insurers can better control their claims/indemnity spend through streamlining, cost cutting and efficiency initiatives has gained momentum in Canada in recent years. Many insurance companies are finding ways to plug financial “leakage” in claims handling – a term not always popular with claims managers. Independent adjusters understand the reasons behind this focus on costs, but caution that a proper approach to claims adjudication should prevail.