Although loss investigation activities for commercial risks are similar to those for personal lines, the nature of the property is different, as are the wordings used in commercial policies. The following review takes the standard Commercial Property Broad Form as…
Opinion/Analysis; The last time Canada had a $1-billion-plus cat year was 2005. But now it looks like 2009 will go down as another costly year for cat losses.
Infrared technology is an increasingly economical means to detect potential risks and identify risk control measures.
Courtesy of the nation’s insurers, towns and cities looking to make the best use of taxpayers’ dollars will soon have a credible, reliable tool to help guide them in infrastructure spending.
Fire coverage following earthquake and terrorist events needs clarification now that B.C. has passed new amendments to update its Insurance Act.
Insurers and risk managers can help prevent water damage to new construction projects.
Australia’s horrific bush fires earlier this year provided some valuable lessons in risk management as Canada confronts its own wildfire season.
Historically developed to respond primarily to fire damage, homeowners’ policies are now called upon to respond to water damage and flood perils.
1 The most recent CanadianUnderwriter.ca poll asked: Should Canadian insurers be looking into the possibility of providing overland flood coverage under a basic homeowner’s policy? As of press time, 68.33% of the 120 respondents said “yes” and 31.67% said “no.”…
Governments need to improve how they prioritize efforts to prepare for large-scale disasters, according to an Organization for Economic Co-operation and Development (OECD) report, produced in conjunction with Swiss RE and Oliver Wyman, Innovation in Country Risk Management. Furthermore, they…
With the financial crisis upon us, risk managers have an opportunity to play the role of a hero within their organizations.
The creation of SCM Insurance Services Inc., Canada’s largest independent adjustment firm, merges claims adjustment, data management and risk management.