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Communicating Value

March 1, 2004 Vikki Spencer

As Nancy Chambers gears up for her term as president of the Risk and Insurance Management Society (RIMS), she knows risk managers are in the midst of a difficult insurance market and increasing expectations from the highest corporate levels. Chambers follows a long line of Canadian RIMS presidents and says she will build on the successes of the past to forge new channels of communication for risk managers and their partners.

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Risk Managers Look for the Right Price

March 1, 2004 Vikki Spencer

At the end of 2003, two commercial insurance surveys came out suggesting the market turn risk managers had been praying for was on its way. First, the Risk and Insurance Management Society (RIMS) benchmark survey (inclusive of U.S. and Canadian

Mark Yakabuski
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Insurers Warm Up to Ontario Auto Reforms

February 1, 2004 by Canadian Underwriter

Insurers have come out in favor of Ontario’s new auto insurance reforms. The McGuinty Liberals had promised legislative reforms after freezing rates shortly after taking office in October. Although the latest product reforms mean the end of the rate freeze,

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MPI Net Income Up Despite Claims Growth

February 1, 2004 by Canadian Underwriter

For the first three quarters ending November 30, 2003, Manitoba Public Insurance (MPI) is reporting growth in net income to $38.7 million, up from $23.1 million for the same period a year earlier. Investment income was almost double, hitting $85.4

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Tech Squeeze on Auto Fraud

February 1, 2004 Ivor Kaye

Say the word “fraud” and insurers shake in their boots. Of the host of financial challenges facing the insurance industry today, fraud ranks as perhaps the most menacing. However, new technologies may provide a solution to beat back the “fraud monster” – if the industry stakeholders are willing to join together to create integrated systems.

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On the Move (February 01, 2004)

February 1, 2004 by Canadian Underwriter

Allison Murray, former executive vice president and COO of Enterprise Canada Insurance Services, has started her own company, A.M. Associates. The new company will focus on commercial lines consulting and research for insurers, brokers and law firms. Allianz Canada has

Chris Mandel
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Commercial Property Rates Dropping: RIMS Survey

February 1, 2004 by Canadian Underwriter

Commercial property rates fell 8.8% in the last quarter of 2003, marking the first major rate decline since 2000, according to the quarterly survey by the Risk and Insurance Management Society (RIMS) and Advisen Ltd. Risk managers report not only

Bernard Lord
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Auto Reform on the Table in New Brunswick, Quebec

February 1, 2004 by Canadian Underwriter

In his annual “state of the province” address, New Brunswick Premier Bernard Lord took a shot at auto insurers and hinted at further reforms to come for the province’s system. While Lord noted that almost $23 million in rebates have

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Old Skeletons…

February 1, 2004 Sean van Zyl, Managing Editor

While the financial fortunes of North American property and casualty insurers are looking decidedly better for 2004 compared with the last two lean years, there remain many unresolved issues that could undermine the industry’s long-term financial stability. Among these “old

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Reconfiguring CSIO

February 1, 2004 Vikki Spencer

When David Patrick took over the top spot at the Centre for Study of Insurance Operations (CSIO) eight months ago, it was an organization in need of an overhaul. Its major undertaking, the internet portal to link brokers and insurers, was over budget and off track. But, Patrick relishes the role of the “turnaround artist” and says with the renewed support of all within the insurance industry, the CSIO portal will become reality.

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The Portal: Reloaded

February 1, 2004 Craig Harris

After numerous launch delays, the Centre for Study of Insurance Operations (CSIO) believes that its long-awaited Internet portal is ready to go live. However, while proponents of the portal talk of a new industry-wide commitment to comparative rating, single sign-on and new business transactions, others say the execution of the project remains riddled with bugs, design flaws and delays. Is the portal real, or is it merely an elaborate illusion?

CIP Society
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Views (February 01, 2004)

February 1, 2004 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) kicked off its annual BIP advertising campaign last month at the Canadian National Figure Skating Championships. The well-received “Blanket-Anthem” television spots will run from January 5 to the end of May 2004 on