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Canadian Insurance Adjusters' Association
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Views (November 01, 2003)

November 1, 2003 by Canadian Underwriter

The Canadian Insurance Adjusters’ Association celebrated its 50th anniversary at its annual convention in St. John’s, Newfoundland recently. Along with East Coast traditions, including the “screech in” ceremony, the event included a seminar on privacy legislation and a trade show.

Camille Alexander
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After-Market Auto Parts Take Heat

November 1, 2003 by Canadian Underwriter

Auto repair shop attendees at the recently held Canadian Collision Industry Congress (CCIC) took aim at a panel of representatives from insurance companies in questioning the use of after-market parts in insured vehicle repairs. The attendees questioned the quality of

Stan Griffin
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Nova Scotia Auto Reforms Spark Insurer Withdrawals

November 1, 2003 by Canadian Underwriter

In the wake of passage of Nova Scotia’s Bill-1 – which reforms the province’s auto insurance legislation – insurers are announcing they will cease writing new business in the province. Royal & SunAlliance Insurance Co. of Canada and the Dominion

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A New Approach?

November 1, 2003 Lawrie Savage of Lawrie Savage & Associates Inc.

At the recent Insurance Bureau of Canada (IBC) “Regulatory Affairs Symposium”, which was held in Toronto, the speakers were asked to provide their perspective on recommendations put forward by former regulators and industry members on a new system of market conduct regulation in Canada. A move in this direction would significantly reduce the current “red tape” overload on insurers.

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Volatile Markets and the Reinsurance Intermediary

November 1, 2003 Donald Callahan, president of Guy Carpenter & Co. Ltd.

Is Your Reinsurance Transaction Secure?

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Letters to the Editor (November 01, 2003)

November 1, 2003 by Canadian Underwriter

Dear Editor, I have just finished reading/scanning another edition of CU received at our office and left for those of us brokers interested enough to pick it up and read. (I could go on at length about how uninterested and

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Public Survey on Auto Cover Reveals Dissatisfaction

November 1, 2003 by Canadian Underwriter

An independent survey of Canadian drivers across the provinces suggests that 75% of the public believe that the provincial governments should impose limits on rate increases with an equal number of respondents believing that cover price increases should not exceed

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On The Move (November 01, 2003)

November 1, 2003 by Canadian Underwriter

Halifax-based Huestis Ritch, member of Canadian Litigation Counsel, has named Elissa Hoverd as an associate of the firm. She joined the Ontario Bar in 2001 and the Nova Scotia Bar earlier this year. Toronto-based Kingsway Financial Services has made several

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Political Sparks…

November 1, 2003 Sean van Zyl, Editor

Rate freezes, rollbacks, premium refunds and government-run insurance. It seems that the language of auto insurance has changed so rapidly that insurers have been left dazed and disorientated in an unknown land. But, based on latest events, it would appear

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Untangling Concurrent or “Overlapping Coverage”

November 1, 2003 Paul Famula, Crawford Adjusters Canada

When two insurance policies appear to insure the same loss, how do you determine if there should be contribution and how is it to be shared? A review of current law, policies in effect, and specifically the Ontario Insurance Act provides some clarity.

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Canadian Risk Managers: Change in the Air

November 1, 2003 Vikki Spencer

Three years ago, risk managers were focused on how to promote their profession. Now, for better or worse, risk management is center stage. But, what will risk managers do with their newfound fame? At this year’s RIMS Canada conference, risk managers “took the bull by the horns” and talked about how to make the most out of the intense pressure they are currently under, to finally advance the cause of enterprise risk management in their organizations.

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Captive & Art Growth: Corporate Retentions Rise in Wake of the Hard Market

November 1, 2003 Sean van Zyl, Editor

Fueled by traditional insurance capacity shortage during 2002, particularly in the liability risk classes and certain specialty risk sectors, the growth in corporate risk retention through establishment of captives and other alternative self-insurance mechanisms is expected to maintain record levels through this year and into 2004 – after coming off a “ten year banner year” for 2001 following the insurance cost impact of the 9/11 terrorist attacks. Canada has not been excluded from this trend, with the number of captives formed during 2002 more than doubling the overall worldwide growth rate of captive formations. Canadian risk solution experts CU spoke to believe that the premium value as well as establishment of self-insurance mechanisms for this year and 2004 will continue to reflect strong growth despite the moderate improvement in traditional insurance capacity and easing of pricing currently emerging in the marketplace.