Understanding Lloyd’s II
September 30, 2013 Fred Plant, President, Plant Hope Adjusters Ltd.Independent adjusters can access this important insurance market if they have the right knowledge and resources. It is worth the investment of time to understand Lloyd’s of London’s approach and philosophy on claims handling.
All-Around View
August 1, 2013 Tim Woods, Assistant Vice President, Engineering and Risk Management, Aviva CanadaWhy should the equipment breakdown insurance industry care about 3D printing? Despite being around for decades, 3D printing is now becoming commonplace in manufacturing. And with every new product made comes not only benefits, but also the need to adapt to new and different circumstances.
Big Deal
July 1, 2013 Craig HarrisTravelers Companies, Inc.’s acquisition of The Dominion of Canada General Insurance Company in early June put an abrupt end to a relatively quiet period for insurance company mergers and acquisitions activity. Analysts say there is room for far more consolidation in the Canadian property and casualty insurance industry, although the pace will be uneven and the targets unpredictable. A growing concentration of larger players dominating the market will affect parties ranging from reinsurers to brokers.
Facilitating the Transaction
June 1, 2013 Dane HambrookRepresentations and Warranties insurance, as an integrated transaction solution on mergers and acquisitions, is becoming a more viable alternative among intermediaries for closing a deal.
Skill set
May 1, 2013 Greg Meckbach, Associate EditorThe Ontario College of Trades will soon start enforcing provincial rules requiring certificates of qualification for dozens of skilled occupations, including auto body professionals. One auto carrier suggests the move will help raise the standard of technicians’ skills, but critics contend existing licensing, professional standards and inspection regimes are sufficient and the new enforcement layer will spur higher claims cost.
Risk Export
March 1, 2013 Suresh KrishnanLooking beyond “non-admitted prohibited,” it is time to focus on how risk is “exported.” Brokers and insurers eager to ensure their clients are in compliance with multinational insurance have traditionally asked whether non-admitted or “unlicensed” insurance is permitted or prohibited in any given country. This is a starting point, but failing to move beyond that point may miss the key part of the analysis.
Moves and Views
February 1, 2013 by Canadian Underwriter1 Everest Insurance Company of Canada (EvCan) has appointed David Crozier to the position of CEO, effective January 21. Crozier was most recently senior vice president of operations for Economical Mutual Insurance Company, where he had oversight of all field…
VIN as DNA
December 2, 2012 Vic Wiwchar, Director, Business Development, Audatex CanadaAccurate underwriting and damage assessment for vehicles relies on having detailed vehicle identification. Absent this, collision repair can become more inefficient and expensive, as well as frustrating for customers.
The Reluctant Claimant
December 2, 2012 The CIP Society, Insurance Institute of CanadaThe CIP Society Ethics Series: What are the ethical considerations in a situation where a policyholder, having experienced a serious car accident, displays tell-tale signs that he just wants the claims process to be over and done. What if an adjuster responds to that vulnerability by making a settlement offer that is too low?
Defence Duo
November 2, 2012 Michael Teitelbaum, Partner, Hughes Amys LLPAn Ontario court has held that both an auto and a home insurer are obliged to defend in an action for personal injury because of the potential for concurrent liability. With all facts not yet available, the judge signalled he was not prepared to permit one of two insurers to avoid a possible duty to defend or indemnify.
On Notice
October 1, 2012 Hugh Fardy, Senior Vice President, The CG&B Group Inc.Brokers are well-advised to get acquainted with the common definitions contained in every professional liability policy to fulfill their obligation to provide prompt notice – and to protect themselves.
Making Something out of Nothing
September 30, 2012 Matt Mulholland, senior manager, Matson, Driscoll & Damico Ltd.Business Interruption Claims and the Start-up Enterprise