The friends of Mike Yang are staging two events to raise funds for this industry veteran, who is recovering from a serious illness experienced last fall. Funds are needed to help Mike and his family modify their home and vehicle…
Marshall and Swift/Boeckh announces the appointment of insurance industry veteran Klaas Westera to the role of business manager for Canadian operations. Westera has been involved in insurance industry technology for over 25 years, including four years as president of the…
New guidelines offered up by the DRC Trade Show Services for insurers, adjusters and contractors were recently released via a national road-show. DRC struck a committee of indoor environmental professionals, building science engineers and restoration contractors to address what was…
Alberta-based broker network and bank Western Financial Group (TSX: WES) saw net earnings for the first half of this year more than double to $2 million compared with the $957,000 reported for the first six months of 2003. This translates…
Montreal-based Optimum General Inc. (TSX: OGI.A) saw net income for the second quarter of this year more than double to $2.21 million (19 a share) compared with the $783,000 (7 a share) reported for the period a year ago. Much…
International adjuster Lindsey Morden (TSX: LM) saw its net loss widen to $2.9 million (21 a share) for the second quarter of this year compared with the net loss of $2.6 million (19 a share) reported for the same period…
The insurance market set risk managers on a roller coaster ride since the beginning of the millennium. A long and deep soft market was cut dramatically short by the events of 9/11, sending insurance prices skyward and leaving commercial buyers reeling. Not even three years later, successive quarterly surveys show clear signs of market softening, causing risk managers to wonder if the cyclical ride of the insurance market will ever end.
As risk managers emerge from what has been one of the most severe hard markets in memory, much remains to be done in the way of mending relationships between commercial insurance buyers, brokers and insurers. These three groups will converge in Winnipeg, Manitoba for the annual RIMS Canada Conference in October, and organizers Mike Maida and John Rislahti hope “Portage 2004” will provide a forum for relationships to be restored and risk managers to be renewed in their quest for enterprise risk management.
Insuring Canada’s rapidly growing film and entertainment industry is a niche business fraught with perils of ego-driven cast members, property risks and copyright lawsuits. As a result, insurance coverage remains tight and expensive, with only a handful of insurers and brokers willing to take center-stage.
Whew! Now that was a hard market. Thank God that it is over – now we can switch gears to neutral and coast for the next six or eight years. Right?…Hardly.
“Every right implies a responsibility – every opportunity, an obligation… Every possession – a duty.” – John Rockefeller. Is your employer-sponsored retirement plan safe? Are those you have entrusted with the responsibility to look after your retirement funds doing their duty?
A company has no greater asset than the value it creates on behalf of its clients and stakeholders–but are companies enhancing that value by effectively addressing their business risks?