Topic
Insurance
Governments increasing use of private-public partnerships as risk transfer mechanisms
September 28, 2010 by Canadian UnderwriterMunicipal and provincial governments are increasingly using public-private partnerships (P3s) as risk transfer mechanisms to build infrastructure, delegates of the RIMS Canada Conference in Edmonton heard.Chris Baisley of Deloitte Touche in Calgary, Alberta explained that P3 projects are much more…
Bans on texting and calling while driving do not reduce crashes: U.S. study
September 28, 2010 by Canadian UnderwriterNeither texting bans nor bans on hand-held phone use while driving have actually reduced crash risk, according to a report published online by the U.S. Highway Loss Data Institute (HLDI), a division of the Insurance Institute for Highway Safety.Non-compliance is…
Alberta oil sands have environmental footprint, but greater risk in importing oil: RIMS panelist
September 28, 2010 by Canadian UnderwriterThe Alberta oil sands operations have an environmental footprint, but the alternative of getting oil from other countries carries greater environmental and political risks, David Percy, the chair in energy law practice at the University of Alberta’s Law School, told…
Marsh Canada develops new metals insurance product in response to high gold prices
September 28, 2010 by Canadian UnderwriterRecord high gold bullion prices mean firms involved in metal trading, storage and transit are at risk of being under-insured against physical damage or loss, Marsh Canada Ltd. says.In response, Marsh has developed a new metals insurance product that will…
Aviva Canada launches second installment of Aviva Community Fund
September 28, 2010 by Canadian UnderwriterRound 2 of the Aviva Community Fund competition is officially up for grabs, with $1 million going to a project designed to improve a local Canadian community.Starting today, Canadians can submit ideas on AvivaCommunityFund.org that will have a positive effect…
Climate Change Risk to Municipal InfrastructureCity of London, Ont.
September 28, 2010 Institute for Catastrophic Loss Reduction (ICLR)he main objective of the lecture is to present the climate change risk to municipal infrastructure in the City of London. An original methodology has been developed for the assessment of the climate change risk to municipal infrastructure. Previous climate…
To acknowledge risk is to liberate oneself from it: Salman Rushdie
September 27, 2010 by Canadian UnderwriterThere is no such thing as 100% security, only degrees of insecurity, Salman Rushdie, a controversial and famed author, told delegates attending the 2010 RIMS Canada Conference in Edmonton. “Once a person accepts that fact, they are free,” he said.Rushdie’s…
Ontario brokers increasingly the victims of cheque fraud: regulator
September 27, 2010 by Canadian UnderwriterOntario’s broker regulator says it has received a significant increase in the number of phone calls from brokers who have been recent victims of cheque fraud. “Similar to the instances that occurred in the past, the broker’s accounts payable cheque…
Students passing broker license exams too quick to act as brokers: RIBO
September 27, 2010 by Canadian UnderwriterPeople who recently passed their exams to obtain their broker licences may have been too quick off the mark to start practising as brokers, Ontario’s broker regulator says.“It has come to our attention that individuals who have recently passed their…
Tina Gardiner receives the 2010 Donald M. Stuart Award
September 27, 2010 by Canadian UnderwriterThe Risk and Insurance Management Society, Ontario Chapter (ORIMS) has presented the Donald M. Stuart Award to Tina Gardiner, manager of insurance and risk at the Regional Municipality of York.Presented annually since 1979, the Donald M. Stuart Award acknowledges Canadians…
Global natural catastrophes cause $18 billion in insured damage in 2010
September 27, 2010 by Canadian UnderwriterMunich Re recorded a total of 725 weather-related natural hazard events between January and September 2010, causing insured losses worth $18 billion.This is “the second-highest figure recorded for the first nine months of the year since 1980,” Munich Re observed…
Compu-Quote to launch quoting module for individually rated commercial autos
September 24, 2010 by Canadian UnderwriterCompu-Quote announced the launch of a quoting module for individually rated commercial automobile (IRCA).As of October, the service will be available via Compu-Quote’s AutoRater to brokers with rates for Aviva Canada, AXA Insurance, Intact Insurance and The Economical Insurance Group.The…