New Program Aims to Save Money -- And The Environment -- Through Claims
Friday, October 14th, 2022 Insurance Industry PropertyA new claims solution may help carriers save costs during the claims process while also saving the environment.
Through the new EcoClaims pilot program -- which diverts waste from landfills by recycling flooring and drywall during the claims and restoration process -- carriers may be able to save on costs incurred from renting disposal bins at the claims site, experts at MBC Group told the 2022 Ontario Insurance Adjusters Association Conference last week.
Environmental lab services firm MBC Group and Aviva Canada launched the EcoClaims pilot following the catastrophic flooding in B.C. in late fall last year.
Waste from each claim is measured and sorted, and materials are recycled where possible at an EcoClaims’s ‘green site.’ EcoClaims sorted and recycled material from 60 files during its pilot.
‘We achieved 69% of recycling and reusing. That brings us to a total of a little bit less than 50,000 pounds of waste, [that was] reused or recycled,’ explained OIAA conference panelist Manuel Martineau, senior director of national sales and integration at MBC Group.
