Lessons from a Disaster Zone
August 1, 2014 Alex Vinden, Associate, Giffin KoerthLessons learned on the ground from the EF2-rated tornado that touched down in Essa Township June 17 could prove of value to communities, responding agencies and insurers in future disasters.
Property Loss Trends
July 31, 2014 Glenn Gibson, Chief Executive Officer, Crawford & Company ConsultingA review of recent legal cases shows some interesting developments involving property insurance claims.
Around the Bend
May 1, 2014 Catherine Kargas, Business Strategist and Vice President, MARCONIt looks as though driverless vehicles will be part of the not-so-distant future. That said, issues such as liability and the role of insurance companies will need to be clearly defined before these vehicles hit the road.
Claims Control
April 1, 2014 Robert Wildbore, Executive Vice President, Willis Re Canada; and Nick Goulder, Associate, International Casualty Director, Willis ReWho is in control of claims? Historically, insurers have settled and paid their own claims, rarely consulting with reinsurers. But reinsurers are increasingly asking for claims meetings, additional information and original claim reports. Is the approach to claims in need of reform?
Addressing E&O Exposures
March 31, 2014 Lee Akazaki, Partner, Gilbertson Davis EmersonHow adjusters can avoid the squeeze of professional liability claims
Home Equipment Breakdown
March 1, 2014 Derrick Hughes, Vice President, Reinsurance Assumed, The Boiler Inspection and Insurance Company of Canada, part of Munich ReThere have been great advances in the capability of home systems, everything from smart appliances to back-up generators and medical equipment. But no system is perfect. What is the best option to protect against any related breakdowns?
In Summary
March 1, 2014 Albert Wallrap, Associate, Dutton Brock LLPCanada’s highest court has outlined a new summary judgment test. With the recent Hryniak decision, one may expect an increase in summary judgment motions brought and for judges to play a more expansive role. Ideally, that would mean more cases can be heard quicker and with less cost.
Tear Down This Wall
February 1, 2014 Jeff Roy, President and CEO, Excalibur Insurance and Group Member, Innovation Working Group, Organization of Real Time Brokers Implementing Technology (ORBiT)Imagine if Amazon’s online book-buying process worked the same way that insurance company portals work. Brokerages with as few as five markets are too busy doing training, managing passwords and keeping procedures current. Several improvements are required.
Property Loss Trends
January 31, 2014 Glenn Gibson, Chief Executive Officer, Crawford & Company Consulting (Canada) and President, business operations, Hamilton Tiger-Cats.An expert adjuster, who has taken on a surprising new role, highlights some important property cases.
Costly Recalls
December 1, 2013 Nicky Alexandru, VP, Crisis Management, Global Casualty, American International Group (AIG)Product recalls are rapidly becoming a common occurrence in the food and beverage industry. As international supply chains continue to expand in complexity, so do risk exposures, increasing the likelihood of a product contamination.
Consideration for All
July 1, 2013 Thomas VarneyA recent survey of Allianz experts around the globe shows that businesses take some risks very seriously, but widely underestimate others. Among the latter are the risks of power outages and cyber crime.
Risk Modelling to Risk Management
June 1, 2013 Karen ClarkThe one-size-fits-all approach of current risk modelling precludes customization for specific books of business. What is needed is a more advanced level of catastrophe risk understanding, which will move risk modelling to true risk management.