As major loss adjusters, one of the most significant aspects of our career is producing a positive outcome for everyone involved in a claim. In many cases, this means that the impacted business was returned to its pre-loss state with their insurance …
In the insurance space, the concept of an indemnity period specifies the time frame for which the policyholder (insured) can claim compensation for financial losses resulting from an insured event. It serves as a boundary for the coverage provided by…
Professional indemnity insurance — also referred to as professional liability or errors and omissions — is used by lawyers, accountants and other professionals who require expert guidance and coverage for their business. In this podcast, …
In a typical day, a variety of situations may unfold that could stop a business’s operations in its tracks. Consider for example, a warehouse of consumer goods is heavily damaged by a tornado. It partially rips off the roof and destroys a considerabl…
A new type of insurance policy is emerging in global markets: parametric insurance. As with any insurance coverage, it comes with both benefits and risks. To determine when it would be appropriate to take out a parametric cover, we must first underst…
While the core type of cover provided under a standard commercial property policy has generally remained consistent over the years, most have been recently expanded to include wordings you might not ordinarily expect. Wider cover helping customers r…
Read this in Norwegian. As we move closer to boating season, small steps help determine whether a boat stays ashore. Each year, many of the injuries we witness post-loss occur when launching or at the start of the season as a result of some owners o…
Les den engelske versjonen. Da er kulden tilbake og strømprisene er på vei opp, igjen, dessverre.. En kald vinter og økte strømpriser, kan føre til at mange skrur ned varmen i hus og hytter, og at rørene fryser.Dette har vært mest vanlig blant hy…
Read this in Norwegian. Across Norway, cold winter temperatures have returned and electricity prices continue to rise. In response, many people have turned down the heat in their homes — leading to frozen pipes. Frozen pipes can cause major …
As reported in the Financial Times, on 31 August 2022, the head of one of the world’s largest building materials companies confirmed that he’s seeing a ‘second wave of cost increases’ following the surge in gas prices. Spiralling energy prices are …
In the last five years, cover for claim preparation costs has been written into policies more frequently. Prior to this policy cover expansion, the cost of the appointed loss assessor or brokers' in-house claims specialist would be paid for by the po…
Insurance policies arranged to cover improvements made to rental properties by a tenant may appear to be a relatively simple concept. After all, a landlord can likely recognise the upgrades or improvements made to their property. However, for cover t…