Topic
Commercial Lines
Munich re releases nat cat stats
July 31, 2013 byNatural catastrophe statistics for the first half of this year have been dominated by severe flooding events, although the overall losses were below the average for the last decade, according to Munich Re. Overall, the first half of the year…
NOAA updates Atlantic hurricane outlook
July 31, 2013 byThe National Oceanic and Atmospheric Administration in the United States has updated its outlook for this year’s Atlantic hurricane season, slightly reducing its initial forecast, but still predicting an above-normal number of storms. There have been four named storms since…
CFC revamps cyber coverage
July 31, 2013 bySpecialist lines underwriting agency, CFC, has significantly enhanced its market leading cyber policy, CPM. Based on over 13 years experience of insuring against cyber risks, the revamped policy includes crucial new coverage that truly reflects the changing landscape of cyber…
Aon Benfield Securities releases cat bond stats
July 31, 2013 byThirteen catastrophe bonds closed during the second quarter of this year, Aon Benfield Securities reported Wednesday in its latest quarterly report. With a total value of $3.3 billion, the first half of this year has reached a total issuance of…
The Big Mingle
March 31, 2013 byHundreds of insurance claims industry guests attended the 7th Annual Post CICMA/CIAA Joint Conference Cocktail on Feb. 5, 2013. Entitled The Big Mingle, the event featured a Big-Top theme. Giffin Koerth Forensic Engineering and Blouin Dunn LLP hosted the event,…
OSFI release final earthquake exposure guideline
March 31, 2013 byThe Office of the Superintendent of Financial Institutions (OSFI) released the final revised version of its Earthquake Exposure Sound Practices (Guidelines B-9) in late February, following public consultations that began last August. The revised guideline comes from a working group…
Start Up
March 31, 2013 Craig HarrisBrampton, Ontario’s Dara Banga caught the entrepreneurial bug and launched his own adjusting firm, DSB Claims Solutions, just over a year ago. His main weapon? A singular focus on quality and customer satisfaction.
On The Scene
March 31, 2013 byCunningham Lindsey Canada Claims Services Ltd. (Cunningham Lindsey) President and CEO Rob Seal is pleased to announce the firm’s 90th anniversary in Canada. “March 2013 marks Cunningham Lindsey’s 90th anniversary in Canada, an amazing milestone in our firm’s history,” said…
TIWA Wine and Cheese
January 31, 2013 byThe Toronto Insurance Women’s Association (TIWA) Wine and Cheese Reception was held at The Hyatt Regency in Toronto on Feb. 21. More than 1,200 guests attended the association’s annual signature event.
Cyber threat top business risk: survey
January 31, 2013 byCorporate executives are more concerned about cyber threats than other major business risks, a new survey sponsored by insurance giant AIG suggests. More than 85% of the 258 executives surveyed said they were very or somewhat concerned about cyber risks…
Ontario floats regulatory changes to fight fraud
January 31, 2013 byThe Ontario government is proposing several regulatory amendments, slated to go into effect June 1, as part of ongoing efforts to fight auto insurance fraud in the province. The regulatory changes include:• Requiring insurers to provide claimants all reasons for…
Natural perils in 2012 cause $72 billion in insured losses
January 31, 2013 byIn its recently released annual global climate and catastrophe report, Aon Benfield noted that the costliest catastrophe worldwide in 2012 was Hurricane Sandy, while a hailstorm July 12 in Calgary led to claims exceeding $500 million. Impact Forecasting, the Aon…