Back to Business
December 1, 2015 Matt Johnson, President, Commercial Loss Experts, and Board Director, Disaster Recovery Information Exchange (Toronto)Protecting property can equate to protecting one’s business. But to make that objective a reality, a comprehensive and well-conceived business continuity plan should be in place. Planning for the worst-case scenario can help a business minimize business interruption.
Most Canadians not aware of common home insurance condition that could result in a denied claim: Square One Insurance
November 16, 2015 by Canadian UnderwriterVancouver-based Square One Insurance Services Inc. has found that the majority of Canadians are not aware of a common home insurance condition that, if not met, eliminates coverage for damage from frozen pipes. Square One Insurance said on Monday that…
Model Behaviour
November 1, 2015 Patti Ristich, Partner, R2 communications Inc.The unprecedented growth of mega-cities and the changing environment mean the Cat risk business is growing. With that, risk modelling – fuelled by lessons learned and the availability of data – could serve as an increasingly important tool for how insurers and reinsurers calculate expected loss.
Insurance Brokers Association of Canada prepared to share flood principles document in November
October 26, 2015 Greg Meckbach, Associate EditorThe Insurance Brokers Association of Canada will be “prepared” next month to share a flood principles document, approved in Quebec City at IBAC’s meeting last month, the association’s president told Ontario brokers recently. During the annual members’ general meeting of…
Intact Insurance to launch revised water peril product in 2016
October 26, 2015 Jason Contant, Online EditorIntact Insurance will launch a revised water peril product next year, the company’s president said last week at the Insurance Brokers Association of Ontario’s (IBAO) 2015 convention in Toronto. Jean-François Blais made the announcement during the CEO Panel at the…
Airbnb introduces a broader insurance coverage policy for Canadians
October 23, 2015 David Friend - THE CANADIAN PRESSTORONTO – Airbnb is adding a new level of insurance coverage in Canada as part of wider support for people who list their properties through its service. The online accommodation provider announced Thursday that its Host Protection Insurance program, which…
Reducing Loss through Restoration
September 30, 2015 Danny Fung, President & Senior Technical Consultant, Newtron GroupA look at equipment restoration and its effects on commercial claims across Canada.
Rain barrels an old-fashioned solution to modern water damage problem: IBC
September 16, 2015 by Canadian UnderwriterOld is new again when it comes to rain barrels and how they can be used to help combat the modern problem of increasing water damage, suggests Insurance Bureau of Canada (IBC). Insurance claims for water damage have soared in…
Flooding in Japan forces evacuation of 860,000: AIR Worldwide
September 11, 2015 by Canadian UnderwriterFlooding in Japan has forced the evacuation of approximately 860,000 people north and east of Tokyo, and about 100,000 people were ordered from their homes, AIR Worldwide reported on Thursday. Torrential rainfall during the last several days – exacerbated by…
Eye of the Storm
September 1, 2015 Angela Stelmakowich, EditorHurricane Katrina, the single event that has come to represent incredible loss inflicted by two challenging hurricane seasons, has twisted and turned its way into a somewhat surprising legacy. From risk management to preparedness and catastrophe modelling, the eye of the storm has been refocused on a number of lasting positives.
Consumer Advocate
September 1, 2015 Greg Meckbach, Associate EditorLorne Perry, incoming president of the Insurance Brokers Association of Canada, emphasizes the broker’s role in acting on behalf of consumers.
Condo Risks
August 1, 2015 Ed Berko, Chief Risk Officer, Economical InsuranceCondominium policies vary across Canada, both by jurisdiction and individual condo corporation. When a homeowners’ insurance broker is serving a condo unit owner, the broker needs to understand exactly what coverage that particular condo owner needs, what risk exposures that particular client has and for what the client’s condo corporation is responsible.