Claims

Why P&C will need to lead the charge on climate change action

If recommendations from a report released last year on sustainable finance are going to succeed, the property and casualty insurance industry is going to play a key role in making it happen, said one expert. There is a lack of corporate disclosure around the risk of climate change, warned Barbara Zvan, chief risk and strategy […]

By Adam Malik | February 12, 2020

3 min read

Supreme Court of Canada could review ‘joint and several liability’ clause in surety bond

The Guarantee Company of North America wants to take a disputed claim on a 20-year-old performance bond to the Supreme Court of Canada. The top court announced Feb. 7 that The Guarantee is applying for leave to appeal HOOPP Realty Inc. v. The Guarantee Company of North America, released this past November by the Court […]

By Greg Meckbach | February 12, 2020

4 min read

How much damage a toilet malfunction can cause

Your property client’s flood risk could arise from a weak link in the bathroom. Water damage claims of over $100,000 can result if the supply line feeding water to the toilet breaks, says metallurgist Paul Okrutney, founder of Toronto-based insurtech Mitigateway. “They are extremely common,” Okrutney said in an interview. “Basically your plumbing system is […]

By Greg Meckbach | February 11, 2020

2 min read

How are you managing your mental health?

Insurance professionals can run the gamut of emotions over the course of a claim, which is what makes managing mental health a challenge, according to industry experts. Whether it’s the broker fielding the call from a panicked client to the claims advisor overseeing the loss to the adjuster who regularly interacts with the distraught client, […]

By Adam Malik | February 11, 2020

3 min read