Small and mid-size firms, the most vulnerable to Solvency II’s heightened capital requirements, may consider diversification and divestiture to lessen the impact of capital charges, reports Guy Carpenter.Increasing reliance on reinsurance is an obvious solution to meeting additional capital requirements,…
Organizations need to prepare for the possibility of an extended disruption to global supply chains resulting from the March 11 Japan earthquake and tsunami, Marsh warned.Rather than the physical destruction of the production facilities, most of the supply chain disruption…
Thirty percent of road deaths in Manitoba are linked to a lack of seatbelt use, according to a recent Transport Canada study. While the study on seatbelt use found that more Manitobans are buckling up, there are still many who…
EQECAT has released its estimate of total insured losses from the March 11 Japan earthquake and tsunami to between $12 and $25 billion. The largest component of the insured loss will be covered by the property insurance market, which provides…
CRU Adjusting has opened a state-of-the-art training facility in Ardmore, Oklahoma. Our courses feature comprehensive catastrophe claims training utilizing the Xactimate software that is popular with many insurance carriers today and making us a contender among competing courses. The centre…
*** Correction: Please note that this item has been amended from its original post on March 16. The Dominion’s combined operating ratio was incorrectly reported as 97.7% for 2010. The correct COR is 102.1%. Apologies for the error. Of the…
Federally regulated property and casualty insurers reported a net income of $2.5 billion in 2010, virtually flat from 2009’s net income of $2.52 billion, according to filings with the Office of the Superintendent of Financial Institutions (OSFI). Foreign P&C insurers…
The March 11 Japan earthquake, and the nuclear plant fires and tsunami that followed, will likely not have any major ratings implications, according to A.M. Best, Standard & Poor’s and Fitch Ratings. Moody’s is the only agency of the four…
As the economy slowly recovers, businesses need to be aware of how an up tick in activity can alter there risk profiles, cautions Advisen.In its report, Managing Risk Through the Economic Recovery, Advisen identifies areas where critical changes to a…
Rochon Engineering launched their NEW website today www.rochons.ca . This coincides with their annoucement last week of their new Ottawa office which officially opens April 1st. http://www.rochons.ca
Social networking sites can amplify product liability risks, but they also offer an opportunity for a company facing a product recall to take control of communication around the recall, reported Lloyd’s. Even a small derogatory statement on a social networking…
The incidence of alcohol in crashes in which a Canadian male died in 2008 was significantly higher than that of women, the Traffic Injury Research Foundation (TIRF) reported. TIRF’s report, The Alcohol Crash Problem In Canada, draws information from two…