Pollution Solution
December 1, 2014 by Canadian UnderwriterBrokers would be well-advised to think beyond the commercial general liability policy when it comes to the environmental exposures contractors face. Having a clear understanding of client exposures is particularly important in light of the complex legal issues, regulatory provisions and contractual requirements that could unfold.
E&O & CGL: Let’s Work Together
October 1, 2014 Michael Mallett, National Product Manager, Errors and Omissions, The Guarantee Company of North AmericaEnsuring that coverage is available when it is needed most – when there is a claim – requires careful consideration of both Errors and Omissions (E&O) and Commercial General Liability (CGL) policies beforehand. What E&O and CGL policies cover separately and in conjunction with each other can make all the difference.
Moves and Views
August 1, 2014 by Canadian Underwriter1 CNA Financial Corporation announced in August that John Hennessy [1a] will take on duties as president and chief operating officer (COO) of CNA Canada, effective September 15. Hennessy replaces Gary Owcar, who has led CNA Canada since 2009 and…
Moves and Views
July 1, 2014 by Canadian Underwriter1 Peace Hills Insurance recently announced the retirement of president and chief executive officer Diane Brickner [1a], who joined the company more than 30 years ago. Among others, Brickner is a member of the boards of the Property and Casualty…
The problem with property
May 31, 2014 Craig HarrisIn the wake of record catastrophic claims, insurers in key regions of Canada are changing their approach to personal and, to a lesser extent, commercial property insurance. Coverage terms are constricting, sub-limits are being introduced, deductibles are increasing and rates are rising, especially for water damage losses. It will take time before claims are filed on these revised policies and customers discover the true extent of coverage amendments. It’s a testy situation that could put independent adjusters on the spot.
Moves and Views
May 1, 2014 by Canadian Underwriter1 Allied World Assurance Company Holdings AG has opened a branch office in Toronto and named Gord Kerr [1] as its senior vice president, chief agent and branch manager. Prior to joining Allied World, Kerr spent four years as chief…
Wild Ride
January 1, 2014 Angela Stelmakowich, EditorSevere weather – be it wind, rain or hail – will again be a focus in 2014. Will related claims make for a wild ride, leaving adjusters and insurers bruised, but not out, like during a tumultuous 2013? Or will calmer conditions prevail, allowing insurance partners to hang tight and get themselves prepared for the next rough year?
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.
Restoring value
October 1, 2013 Greg Meckbach, Associate EditorAs homeowners put more money into their basements, including equipping these spaces with finer finishes and electronics, water damage is becoming more expensive. Restoration contractors, however, say that if they can get to a property soon enough, most damage can be repaired and heavy losses avoided.
Deluge
July 31, 2013 Craig HarrisIndependent adjusters experienced a surge of claims from record flooding in Southern Alberta and the Greater Toronto Area in late June and early July. The losses from epic flood-related damage to personal and commercial property will represent the costliest natural disaster in Canada.
Rethinking the Retrofit
July 31, 2013 Jason GuihanWho pays for damages caused by ill-conceived home/building energy retrofits?
Technological Restoration
February 1, 2013 Bruce Derraugh, Chief Operating Officer, FirstOnSite RestorationThe restoration industry is poised to undergo a revolution, one in which technological advances promise to foster innovation. But are businesses keeping pace and able to operate in this new environment?