Why Developers Need Diversified Deposit Insurance
By: Brendan Farrow, Associate Director at PLATFORM Toronto’s real estate market has seen significant turbulence lately, with several condominium projects going into receivership. Surety providers have been notably impacted, which raises a critical issue for developers: the need for a diversified Deposit Insurance strategy. In such a volatile market, having the right Tarion Bonding & […]
On-Demand Surety Bonds for Real Estate Development
PLATFORM Disrupts Industry as Stephanie Kuntz Leads the Charge At PLATFORM, a key focus has been expanding the Canadian marketplace by onboarding new surety providers. This disruption of the oligopoly that once dominated the Canadian surety industry has fostered innovative solutions to both traditional and new challenges, creating a more competitive and independent insurance […]
Rethinking Project Profit in the Data-Driven Era
Combining Data, Risk Controls and Risk Retentions Strategies to Drive Best Outcomes By David Bowcott We have entered the digital construction age where an increasing number of contractors are devising improved data architecture for their organizations, and are harnessing the power of digital data capture, at a project level, to drive best project outcomes. Given […]
Mega-Hospitals: Securing & Assuring Major Subcontractor Performance
The Canadian construction marketplace has entered its “golden age” of mega-hospitals. With well over a dozen large to very large hospitals already in various stages of procurement, there appears to be more coming in the pipeline. Even though there was another era of major hospital developments in the early 2000’s stretching into the early 2010s, […]
Spotlight On: Parametric Insurance & Extreme Temperatures
Extreme temperatures have significant impacts on both businesses and individuals, creating a range of risks that are becoming more pronounced with climate change. Impact on Businesses 1. Infrastructure Strain and Failures: Extreme heat can cause critical infrastructure to fail, including power outages, and damage to roads, rail lines, and cooling systems. For example, during heatwaves, […]
PLATFORM Strengthens Construction Industry Group with Additional Key Hires
PLATFORM Insurance Management Inc. (“PLATFORM”), a leading national brokerage specializing in property and casualty insurance and surety solutions, is thrilled to announce the addition of two seasoned professionals to it’s Construction Industry Group. Jeff Saranko has joined PLATFORM as Senior Vice President. With over 25 years of experience in the surety industry, Jeff has been […]
Spotlight On: Parametric Insurance & Wildfires
Canada continues to face an increasing risk of wildfires, significantly influenced by climate change, which has led to more frequent and severe fire seasons. Unusually warm winters, widespread drought conditions and above normal temperatures across the country are all contributing to the severity of wildfire risks in Canada. Recent wildfires continue to highlight the non-physical […]
PLATFORM Expands Reach Across Alberta & Western Canada with New Calgary Office
Platform Insurance Management Inc. (“PLATFORM”), a leading P&C insurance brokerage with a vertical focus on Construction, Infrastructure and Development, is excited to announce the opening of a new office in Calgary, Alberta. This expansion is a significant milestone in PLATFORM’s strategic growth plan, furthering their commitment to providing localized expertise and tailored solutions for clients […]