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Balu Naidu, B.Comm., FCIP. CRM. FIFAA
Claims Tech (Canada) Inc.
2800 Skymark Ave, Suite #300,
Mississauga, ON, L4W 5A6
Tel: 905 568 8060
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Balu Naidu, our co-founder brings more than 25 years of insurance experience to bear on claims adjusting. His meticulous attention to detail and his commitment to deliver a superlative claims experience talks to our company's motto, Integrity, Equity, Indemnity. Whether it is a minor claim or a million dollar+ loss, Balu gives it his full attention, and he is a role model for the Claimstech Team to emulate. Balu has extensive experience in CAT claims handling and CAT management of over 3000 claims.
PROFESSIONAL PROFILE
Areas of Expertise
- Appraisal under the Insurance Act
- Commercial and Industrial Property Losses
- Large Loss / Project Management
- Residential Property Losses
- CAT Claims
- CAT Management
- Boiler and Machinery/Equipment Breakdown
- Business Interruption
- Error & Omissions/D & O
- Building & Content Estimating
- Environmental Losses
- GCL General Liability (including Product Liability)
- Auto fatalities
- Xactimate Trainer
- Coverage consultancy
- Litigation - Mediation/Arbitration/Pre-trials
Sample Claims Handled:
- Warehousing / Manufacturing - $2.5 Million
- Large, Complex Property Loss - $3 Million
- Fires - many losses ranging from $50,000 to $3,000,000
- Oil spill remediation - many losses ranging from $50,000 to $2,000,000
- Appraisal under Insurance act - ranging from $50,000 to $1Million
- Mediation - BI and PD claims ranging from $50,000 to $3 Million
- CGL Liability losses - many files relating to mold, oil spill, product liability
- Litigation - many files ranging from $50,000 to $1Million
Education:
- B.Comm - Bachelor of Commerce - Accounting Major
- CIP - Chartered Insurance Professional
- FCIP - Fellow Chartered Insurance Professional
- CRM - Diploma in Canadian Risk Management
- FIFAA - Fellow of International Federation of Adjusters Association
Areas of Claims Handling:
- Auto Bodily Injury & Tort
- Property damage: Fire, Explosion, Water, Vehicle Impact
- Condo Claims
- Business Interruption Claims
- Builders Risk / Construction and Wrap up Liability
- Boiler & Machinery / Equipment Breakdown
- Transportation and Cargo claims
- Casualty & Liability
- Commercial General Liability
- Course of Construction
- Cyber Crime
- False Pretense / Conversion and Lessee Contingency
- Fidelity / Errors and Omissions
- Jeweler's Block / Valuable Personal Articles / Fine Arts
- Municipal Liability
- Products Liability
- Property damage: Fire, Explosion, Water, Vehicle Impact
- Property Appraisal, Mediation and Settlement conferences
- Litigation Management
- Accident Benefits - Mediation/Arbitration
- Specialty Lines & Unusual Risks
- Sexual Abuse claims
Senior C.I.P Course Instructor
- Facilitating courses for Sheridan College since 2004
- Academic Council Member for Insurance Institute of Canada
- Brand Ambassador for Insurance Institute of Canada
- Insurance Career Panelist at York University & University of Toronto
Risk Management & Insurance Consulting:
- Risk Identification and Assessment
- Review for Adequacy or Gaps in Coverage
- Service Contract Provisions Review
- Claims Process & Management Reviews
- Auditing of IA billing practices and file reviews
- Review of Vendor Services
- Designing Claims Procedures & Manuals
- Temporary loaning of adjusters
- Claims School on specific areas of claims handling
- Xactimate Training
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