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Alberta Wildfires Costliest Insured Disaster Ever in Canada

The wildfires that tore across the oil-producing region of Canada this year will cost insurers about C$3.58 billion ($2.8 billion) in claims, the most costly insured natural disaster in the country’s history, an industry group said.

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OSHA Pushes Back Start of New Provisions in its Injury Reporting Rule

The federal Occupational Safety and Health Administration (OSHA) announced this week it will delay, to Nov. 1 from Aug. 10, the starting date for enforcing new anti-retaliation provisions in its recently updated injury and illness tracking rule. The move comes five days after a business coalition filed a lawsuit challenging the anti-retaliatory provisions of the rule.

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8 Trends in Insurer Digital Modernization

The technology needed to support the property and casualty industry isn't always a sexy topic, but software platforms and information technology systems are essential for insurance company success, as well as the success of insurance agents and brokers.

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Just How Bad Can a Restoration Company Screw Up a Commercial Loss?

In over 30 years in the restoration industry, this one tops it all as far as a screwed up job. Today, an old friend in the insurance restoration industry told me of a large player in the restoration business that completely ruined an entire J.C. Penney store and their insurance company is being demanded to pay the $6.5 MILLION for the damages caused by the restoration company. 
In over 30 years in the restoration industry, this one tops it all as far as a screwed up job. 
 

 

Today, an old friend in the insurance restoration industry told me of a large player in the restoration business that completely ruined an entire J.C. Penney store and their insurance company is being demanded to pay the $6.5 MILLION for the damages caused by the restoration company.