Risk
Insurance to value (ITV) data problems are now widely known in the insurance industry, but new technology services want to fill the void left by undervaluation. The goal of these "data validation" tools is to shrink the gap between valuations and premiums, by giving brokers easily accessible information at the point of sale and comparing building calculations to actual losses. Many brokers are on board, but the bigger question may be: are insurance companies interested?
January 31, 2010
13 min read
In an effort to go paperless, Gore Mutual took a phased approach to delivering a new document generation project.
3 min read
Insurance 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 in homeowners’ lines), brokers and consumers can expect to hear a lot more about a […]
6 min read
A new online quoting tool is designed to help brokers offer clients travel insurance without any additional cost or E&O exposure.
4 min read
Opinion/Analysis: When it comes to retaining clients after an ex-employee leaves, non-compete and non-solicitation legal agreements are poor substitutes for excellent customer service.
1 Kenneth V. Lavigne [1] has been appointed senior vice president and manager of FM Global’s Canada division. Lavigne replaces Perry Brazeau, who retired at the end of 2009 after 33 years with the company. Lavigne joined FM Global in 1980 as a boiler and machinery loss prevention consultant. He has held a number of […]
5 min read
The weather outside was frightful, but attendees enjoyed a delightful time at the Christmas function jointly held by the Northern Alberta Chapter of the Risk and Insurance Management Society (NARIMS) and the Insurance Institute of Northern Alberta (IINA). The event was held at the Royal Glenora Club in Edmonton. Dianne Brown, campaign director of the […]
1 min read
The Ontario Chapter of the Risk & Insurance Management Society (ORIMS) held its Christmas Luncheon on December 16 at the Royal York Hotel in Toronto. More than 650 attended. In keeping with the spirit of giving, the ORIMS executive chose to raise funds for The Daily Bread Food Bank. ORIMS president Steve Pottle presented a […]
OIAA president Norman McGlashan entered the claims business on a promise of variety, but when it comes to serious auto claims, he's hearing variations on a theme.
December 31, 2009
Canada's auto manufacturers have acknowledged the aftermarket has a right to certain information required to repair vehicles, making life easier for insurers and their policyholders.
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