Canadian Underwriter

Features


From left, Gregg Hanson, David Wilmot, Paul Kovacs
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ICLR Research Agenda Includes Blackouts, Water Damage and Drought

July 1, 2004 by Canadian Underwriter

While it may read as the ingredients for Armageddon, the Institute for Catastrophic Loss Reduction’s (ICLR) research agenda for the coming year encompasses a host of natural perils ranging from last year’s blackout to water and disasters to drought and

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Vector Faces Windup in Debt Crisis

July 1, 2004 by Canadian Underwriter

Trading will cease in shares of Vector Intermediaries as the company faces up to an insurmountable financial crisis. The broker consolidator says that, despite having sold off all its assets, the company still faces a multi-million-dollar shortfall in meeting debt

Bob Tisdale
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Alberta Goes Ahead With Reform Package

July 1, 2004 by Canadian Underwriter

Alberta’s auto insurance reform plans have received the final stamp of approval from the provincial cabinet, setting the launch date for the beginning of October this year. A committee of legislators is being put together to ensure a smooth transition

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U.S. Insurers’ 1-Q Earnings Soar on Underwriting Gains

July 1, 2004 by Canadian Underwriter

U.S. property and casualty insurers brought home a return on equity (ROE) of 11.3% for the first quarter of this year with an underwriting profit of US$5.4 billion that saw the combined ratio dip year-on-year by more than six percentage

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Industry “Hot and Cold”On N.B. Auto Reform Package

July 1, 2004 by Canadian Underwriter

While welcoming confirmation the New Brunswick government has abandoned the idea of a public auto insurance system, insurers remain concerned that the announced reforms will not reduce the cost of providing insurance. “We believe the government decision to preserve competition

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Goodbye, Hard Market..?

July 1, 2004 Sean van Zyl, Managing Editor

The first quarter financial results for U.S. insurers appears to confirm what many in the North American property and casualty insurance industry have come to suspect: that the pricing momentum of the “hard market” is rapidly disappearing like a wisp

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WARP and CSIO Not Mutually Exclusive

July 1, 2004 by Canadian Underwriter

Brokers should have more technology options coming their way for web-based interaction with insurers, but those systems need not be exclusive of the CSIO portal, attendees of the Toronto Applied Systems Client Network (TASCNet) conference heard recently. While Applied Systems

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Anthony Clark Founders Fined, Banned From Markets

July 1, 2004 by Canadian Underwriter

Following a decision by the Alberta Securities Commission (ASC), the founders of Anthony Clark International have been ordered to pay fines totaling $80,000 and been banned from the markets for six years each. Brothers Luciano John and Secondo Pietro Podorieszach

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On the Move (July 01, 2004)

July 1, 2004 by Canadian Underwriter

The Insurance Corp. of B.C. (ICBC) has hired firm Ray & Berndtson Tanton Mitchell to find its new CEO following the announcement that Nick Geer will vacate the position. Geer joined ICBC as chair in 2001 and took over as

Swiss Reinsurance
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Views (July 01, 2004)

July 1, 2004 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is taking its “Rest up! Save your neck” program to New Brunswick this summer, with university students across the province educating drivers on proper headrest adjustment. Sixteen students will staff exhibits at community events

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True Value

June 1, 2004 Rick Bauman

Many firms toss around the term “value added services”. But, what does this really mean for the progressive broker?

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The Online Quest

June 1, 2004 Glen Piller

Insurance companies have taken a piecemeal approach to automating their underwriting and distribution processes – with predictable results. The “first generation” of Internet capabilities has had more misses than hits, offering limited inquiry and transactional functions to brokers and agents. The goal of “straight-through processing” remains elusive. But some insurers are headed in the right direction.