Features
THE AIR OUT OF THE BAG
May 1, 2000 Vikki SpencerAirbags recovered from written-off vehicles will be used for collision repairs in British Columbia, likely before the end of the year, says a researcher at the province’s public insurance organization. The decision follows testing on salvaged airbags conducted by the…
Maximizing Auto Claims
May 1, 2000 Roch Lacroix, vice president of Mitchell International CanadaAuto physical damage claims (APDs) represent a significant portion of claim costs for most insurers dealing in personal lines business. But, should this area of claims management be simply seen as the “dark evil” of being in the business, or…
U.S. data threatens long-term growth
May 1, 2000 by Canadian UnderwriterImbalances in growth rates for property/casualty insurance premiums, losses and expenses could lead to a record downturn, says Frank J. Coyne, president and chief operating officer of Insurance Services Office Inc. (ISO). Forecasts based on third-quarter 1999 growth rates show…
Swissair damages higher than expected
May 1, 2000 by Canadian UnderwriterTwo recent U.S. legal developments could lead to higher settlements for families of Swissair Flight 111 victims. This as a result of new legislation and a decision by the U.S. Appeal Court removing limits on the damages families can seek,…
CORRECTION (May 01, 2000)
May 1, 2000 by Canadian UnderwriterIn February’s Moves and Views, an incorrect address was given for the Property and Casualty Insurance Compensation Corporation’s website. The correct address is www.pacicc.com. CU regrets the error.
Hi-Alta revenues rise, earnings diluted
May 1, 2000 by Canadian UnderwriterBroker consolidator Hi-Alta Capital Inc. (TSE: HIA) reported a 40% rise in net income to $345,226 for the 1999 financial year compared with the prior year’s earnings. However, earnings came in lower at 3 a share (1998: 4 a share)…
FOURTH ANNUAL WOMEN IN INSURANCE CANCER CRUSADE
May 1, 2000 by Canadian UnderwriterUnderwriters Adjustment Bureau and the Insurers’ Advisory Organization have successfully completed ISO 9002 certification throughout the Ontario region, announced Fred Jacques, senior vice president of quality assurance for both groups. UAB/IAO provides claims handling loss control and risk information service…
U.S. yearend figures dismal
May 1, 2000 by Canadian UnderwriterFor the 1999 financial year the U.S. property and casualty insurance industry produced a disappointing 6.6% rate of return compared with 9.2% for 1998 and 11.9% for the year prior. The industry’s drop in shareholder returns for the year was…
Industry predicts e-commerce to triple
May 1, 2000 by Canadian UnderwriterA broad company survey released by consultants Towers Perrin suggests that the vast majority of the 300 respondents believe e-commerce will triple in revenue terms over the next two years. The survey respondents were drawn primarily from the U.S., Canada,…
Coming Events (May 01, 2000)
May 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Insurance Adjusters Association…
CORRECTION (March 01, 2000)
March 1, 2000 by Canadian UnderwriterIn the January Moves & Views, CU incorrectly reported Zycomp Systems Ltd. recorded the first-ever sale on the trade show floor at 1999’s Insurance Brokers Association of Ontario convention. We regret the error.
After “HORSING” around, MOTIVATION is the name of the game
March 1, 2000 AxiomIpositioned myself near the entrance to the dining lounge and watched as the escalator in front of me deposited a steady stream of well-dressed couples to the upper level. I had arrived at the suburban racetrack early, to be on…