Wendy Hayden
Share on Facebook
  • Blog Posts
  • Discussions (2)
  • Events
  • Groups
  • Photos
  • Photo Albums
  • Videos

Wendy Hayden's Contacts

  • Janice E Durocher
  • Jamal E Madbak
  • Natalie Dupuis
  • Pat Van Bakel
  • Robin Wilks
  • Maeve Davis
  • Dawna Matton
  • Sharon Turnbull
  • Barbara Ellen Basta
  • Heather J Loughery
  • Lorie Guthrie Phair
  • WICC Ontario
  • Lyna Newman
  • Julia Benner
  • Carla Blackmore

Wendy Hayden's Discussions

ITV - Insurance to Value

Started this discussion. Last reply by Gouri Kulkarni Mar 13, 2012. 19 Replies


Wendy Hayden's Page

Latest Activity

Gouri Kulkarni replied to the discussion 'ITV - Insurance to Value'
"Replying to this even though this is an old thread. I agree with your point, different insurance companies come up with a different rebuilding cost which could affect the "sale". Similar to the central database/s we have for autos we could…"
Mar 13, 2012
Linda Hubert replied to the discussion 'ITV - Insurance to Value'
"Why not rely on experts who are trained in the building industry to come up with the building costs? Perhaps a homeowner could get an estimate to rebuild their house from a local contractor, or a commercial building owner could go to a firm that…"
Jun 24, 2010
Kerry Diehl replied to the discussion 'ITV - Insurance to Value'
"I replied earlier to this, but now that I read more comments, and look at the original comments, the more I just want to stand up and ask everyone to chill out! that is - the industry, not the people posting. the purpose of the replacement cost…"
Apr 20, 2010
Stephen Tang replied to the discussion 'ITV - Insurance to Value'
"Hi Chris, I can't agree more with what you said. Please see my general comments on this subject. With respect, too many brokers/underwriters think that they are experts on rebuilding cost and overgeneralise the whole issue. There is no…"
Mar 23, 2010
Stephen Tang replied to the discussion 'ITV - Insurance to Value'
"I can't agree more with what Chris Lorne voiced in his comments on jan 29, 2010. Let's be frank about ourselves, take proud of what we do and remember where we come from. We are all in the insurance profession, not with building appraisals…"
Mar 23, 2010
Wendy Hayden and Janice E Durocher are now friends
Mar 2, 2010
Glenn Norris Lau replied to the discussion 'ITV - Insurance to Value'
"13 million homes yes. And like it is on the insurance applications, most of these homes follow very standardized building structures / codes ...etc. If we can come up with algorithms that can predict when the world is going to end(think of all the…"
Feb 25, 2010
A discussion by Wendy Hayden was featured

ITV - Insurance to Value

What are instouch readers’ views towards solving the ITV issue?There has been much discussion by various stakeholders within the general insurance industry about the issue of ITV:• Broker associations recommend guidelines• Insurers create protocols for accepting new and renewal business• Service providers offer their own unique cost evaluationsHowever, a definitive solution remains a challenge as guidelines, protocols and evaluations do not produce consistent and predictable results. Guaranteed…See More
Feb 7, 2010
Cody Sarty replied to the discussion 'ITV - Insurance to Value'
"Its not that a broker/agent should know be qualified. Yes it is up to the insured but if they say the value should be lower then say the Beork RCT then the companies are still going to base GRC on the Replacement cost calulator. All i was stating…"
Jan 30, 2010
Chris Lorne replied to the discussion 'ITV - Insurance to Value'
"Brokers/agents etc are not qualified to provide valuations- be it for personal lines or commercial. The E&O risk is huge, and I for one would refuse to get involved in the providing estimate valuations. By all means, a broker can indicate if…"
Jan 29, 2010
Randy Drysdale replied to the discussion 'ITV - Insurance to Value'
"There are over 13 million houses in Canada according to Stats Canada. Everyone wants a piece of software that will allow them to calculate the rebuilding value of every dwelling to the exact dollar. They also want that software to work seamlessly…"
Jan 29, 2010
Mike O'Grady replied to the discussion 'ITV - Insurance to Value'
"Cody..... well stated! Unfortunately here in Ontario, I see the companies catering to the lazy or dumb ass brokers and we all get painted with the same brush too often. I think companies should INSIST on as you say, inspect, get photos and provide a…"
Jan 27, 2010
Cody Sarty replied to the discussion 'ITV - Insurance to Value'
"Here in alberta i have seen many homes i have placed that the prior brokers had way under insured. Many clients with homes valued much less then $90 sq ft. Rather then the $250 + depending on the home. The company i am with actually makes the agents…"
Jan 23, 2010
Linda Hubert replied to the discussion 'ITV - Insurance to Value'
"For commercial properties we request the client get a replacement cost appraisal from a firm that does that sort of thing all the time. An appraisal company would keep up to date with the construction industry's costs in order to give a proper…"
Dec 21, 2009
Anne Permesurdin FCIP,CRM replied to the discussion 'ITV - Insurance to Value'
"As an addendum to the above and to provide clarity to my earlier comment on ITV, I really mean't to say that it is hard to predict actual labour costs at the time of rebuilding due to economic influences, eg. if the loss happens when there is a…"
Dec 18, 2009
Anne Permesurdin FCIP,CRM replied to the discussion 'ITV - Insurance to Value'
"Hi Wendy, One thing that usually gets missed in rebuilding costs when ITV's are done is the cost of labour to rebuild.. This is an largely influencing factor that must be taken into account to reflect true rebuilding costs. Appraisals and other…"
Dec 17, 2009

Profile Information

Current Title
Insurance Professional
Past Employment/Experience
National Manager Placement, Group Risk Solutions at Aon Reed Stenhouse Inc.
Vice President Mid Market Commercial Insurance at Zurich Canada
Commercial and Personal Lines Divisions at RSA, Royal Sun Alliance
CRM, Global Risk Management Institute Inc.
FCIP, Insurance Institute of Canada
BA, University of Toronto
Toronto, Ontario
Professional Summary
Insurance and risk management expert for small-medium-enterprise businesses - experienced in developing and implementing creative solutions to complex underwriting and marketing issues. Demonstrates imagination and enthusiasm for change and problem solving. Proven ability in working with diverse groups to achieve optimal performance.

Specialties:• Insurance operations - leadership, branch and territory management, staff development • Commercial and Personal Lines • Strategic Management - underwriting, marketing, product and business development
Associations and Groups
Insurance Institute of Canada, National Academic Council, Member
Insurance Institute of Ontario, Governing Council, Vice President - Academic Division
York Condominium Corporation 435, Board of Directors, Past President

Comment Wall

You need to be a member of instouch to add comments!

Join instouch

  • No comments yet!

© 2018   Created by instouch.   Powered by

Badges  |  Report an Issue  |  Terms of Service