Risk-Based Underwriting
February 1, 2010 David Gambrill, EditorInsurance companies today are grappling with changing and emerging perils, and their underwriting approach in homeowners’ lines is changing accordingly. As water damage becomes the pre-eminent peril facing homeowners (replacing fire as the Number 1 source of insurers’ claims payouts…
Managing Hazardous Materials During Demolition And Reconstruction: The Claims Perspective
January 31, 2010 Matthew R. AllenWhether resulting from wind, fire or water damage, insurance claims often involve the demolition, reconstruction and restoration of buildings and property. Insurance companies and adjusters often take on the task of initiating and managing the related contractor restoration and reconstruction…
Taking Care Of Business: Commercial Loss Considerations
January 31, 2010 byAlthough 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…
Weather: The Mother Of Invention
December 1, 2009 David Cambrill, EditorFor the better part of a year, insurance companies have been hinting that some form of product innovation is required to offset the heavy losses insurers have been taking in the personal property lines — in particular, water damage losses.…
Tool For Adaptation
December 1, 2009 By: Mary Lou O'ReillyCourtesy 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.
Looking Inward
December 1, 2009 by Canadian UnderwriterThere is a song by a 1980-90s band called The The, in which the singer Matt Johnson advises: ‘If you can’t change the world, then change yourself.’ Besieged by world events that have substantially eaten into their profit margins, Canadian…
When Objects Break
November 30, 2009 Rob SparlingProtecting the Evidence;
Suspended Animation
November 1, 2009 by Canadian UnderwriterCanadian Underwriter asked several reinsurance chief agents and CEOs to discuss what they believe to be the single most important issue facing the Canadian reinsurance industry going forward into 2010. The answers presented below (in alphabetical order) vary considerably, but…
Washing Away Construction Damage
October 1, 2009 Mike Brown, Vice President, Senior Underwriter, Engineering, Swiss ReInsurers and risk managers can help prevent water damage to new construction projects.
The Winds Of Change
September 30, 2009 Laura KupcisStrong winds blew through southwestern Ontario on Aug. 20, intensifying as they moved east. The winds created a solid north-to-south line of thunderstorms extending from North Bay through southern and central Ontario, to well south of the lower Great Lakes.…
Rain Rain Go Away
July 31, 2009 Laura KupcisAs the climate changes, so do the risks facing the insurance industry. Water damage has risen to the number one spot in terms of claims relating to warming weather.
From Fires To Floods
June 1, 2009 Glenn McGillivray, Managing Director, Institute For Catastrophic Loss ReductionHistorically developed to respond primarily to fire damage, homeowners’ policies are now called upon to respond to water damage and flood perils.