As 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.
1 Aviva plc has announced Maurice Tulloch [1], current chief executive officer of Aviva Canada, is the new CEO of Aviva U.K. & Ireland General Insurance, subject to regulatory approval. Tulloch joined Aviva in 1992 and was appointed CEO of…
The Property Loss Restoration Expo (PLR Expo) held Canada’s largest restoration conference in Toronto, Ontario at the International Plaza Hotel from September 23-25. The event featured a tradeshow and seminars covering a wide variety of timely restoration industry topics. Over…
Contractors who clean, remediate, repair and renovate properties that have undergone insured losses have little to no say in their top-line revenue. But with hazards such as asbestos, flammable materials, toxic chemicals and damaged but live electrical components, the cost of ensuring the safety of employees and the occupants is significant and this is eroding the margins of restoration contractors.
1 RSA Canada announced in July that Julie Pingree [1] is the property and casualty insurer’s new vice president of commercial insurance. Pingree’s mandate will be to grow RSA’s small to medium commercial book profitably, while enhancing the company’s broker…
Independent 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.
Who pays for damages caused by ill-conceived home/building energy retrofits?
CRDN (Certified Restoration Drycleaning Network), an international organization of textile restoration experts serving the insurance industry, announces the ownership transition of CRDN of Greater Toronto to former CRDN Vice President Garry Bradamore and business partner, Tom Saridis. The CRDN of…
Ken Tucker, CEO of DKI Canada, and Mike Foley of Foley Restoration DKI are pleased to announce Adam Tzarik as the Director of Business Development – Central Region. Adam has spent the past 8 years working with Foley Restoration DKI…
Restoration contractors are dealing with changing times: margins are getting squeezed as costs outpace revenues from insurance claims, a review is in the works to get a fix on using software to estimate project costs, and some contractors are facing increased competition from general contractors.
The Restoration Contractors Organization of Canada (RCOC) held its inaugural Annual General Meeting and Supplier Exposition at the Sheraton on the Falls Hotel in Niagara Falls, Ontario on June 17–18. RCOC was formed two years ago by eight contractors –…
Cloud computing is not a new way of doing business, but concerns seem to be growing among some about perceived risks. This at the same time that others are touting cloud computing as the way forward and an approach that can actually help to mitigate risk.