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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

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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