Topic
Insurance
UK insurers estimate Kyrill damages at Cdn$795 million
February 22, 2007 by Canadian UnderwriterThe Association of British Insurers estimated that insured damage caused by winter windstorm Kyrill could reach 350 million [approximately Cdn$795 million] in the United Kingdom, reports A.M. Best.Kyrill, a powerful winter Atlantic windstorm, hit the southern shores of the UK…
Allianz endorses global framework for climate change
February 21, 2007 by Canadian UnderwriterAllianz has announced its support for the Global Roundtable on Climate Change (GROCC)s framework to fight climate change.Signatories of The Path to Climate Sustainability: A Joint Statement by the Global Roundtable on Climate Change hail from a range of sectors…
La Capitale further targets recreational vehicle market
February 21, 2007 by Canadian UnderwriterLa Capitale General Insurance has partnered with Motodirect and Quadnet to offer members of these recreational vehicle communities a 10% premium discount on their motorcycle and ATV insurance.The move is part of La Capitale General Insurances initiative to target the…
MINT Canadian Specialty offers unique medical liability coverage
February 21, 2007 by Canadian UnderwriterMINT Canadian Specialty is offering Canadian doctors unique protection against legal action when treating non-Canadian patients in Canada.Latitude Advantage MD, developed by MINT Canadian Specialty, provides an insurance option for physicians who may face legal action resulting from the care…
IBC presents first annual ‘Scam-ademy Awards’
February 21, 2007 by Canadian UnderwriterIt’s awards season, so the Insurance Bureau of Canada (IBC) is recognizing the worst performances by insurance scam artists in 2006.There’s no glitz, no glamour and no red carpet, IBC vice president of investigations Rick Dubin said of the IBCs…
U.S. insurance industry facing obstacles to run-off
February 20, 2007 by Canadian UnderwriterThe U.S. insurance industry should be paying greater attention to the run-off market, according to a recent study published by PricewaterhouseCoopers’ (PwC) insurance restructuring group. Although the U.S. market is generally acknowledged as the largest in the world, with an…
What’s New: In Brief (February 20, 2007)
February 20, 2007 by Canadian UnderwriterRob Seal has been appointed to the position of president and chief executive officer of Cunningham Lindsey Canada Limited (CLC). Seal has held many adjusting and management positions during his 20-year career with CLC, most recently as president of Canadian…
What’s New: In Brief (February 20, 2007)
February 20, 2007 by Canadian UnderwriterCLARIFICATION: The Ontario and B.C. chapters of the Women in Cancer Crusade (WICC) are each holding separate gala events on April 10, 2007 (WICC-Ontario) and March 31, 2007 (WICC-B.C.). WICC-Ontario is holding a special evening of Fire and Ice on…
New model assesses pandemic risk
February 20, 2007 by Canadian UnderwriterRisk Management Solutions (RMS) has launched the RMS Infectious Disease Model, the first commercially available probabilistic model for assessing the risk of influenza pandemics across multiple countries.The model, designed to help corporate risk managers, quantifies mortality and morbidity from nearly…
Strong 2006 earnings leading to increased competition, A.M. Best says
February 19, 2007 by Canadian UnderwriterMost global reinsurers are anticipating strong 2006 earnings thanks in part to a benign 2006 catastrophe season, A.M. Best has said in a published comment on the January 2007 renewal season.Global insurers are also taking advantage of an attractive pricing…
What’s New: In Brief (February 19, 2007)
February 19, 2007 by Canadian UnderwriterWillis Group Holdings, an international insurance broker, has announced the appointment of Richard T. Hynes as president and CEO of Willis Canada. Hynes possess more than 25 years of management and industry experience in the Canadian market, with market growth…
Ontario auto rates still too high, McGuinty tells reporters
February 19, 2007 by Canadian UnderwriterOntario Premier Dalton McGuinty has been quoted in various daily newspapers recently as saying Ontarios auto rates are too high and can be lowered to a reasonable rate.“Given the system that we inherited, we knew that the price of car…