Features
Ontario auto falls again
March 1, 1999 by Canadian UnderwriterPrivate passenger auto insurance rates in Ontario decreased during the fourth quarter of 1998 according to the latest rate information published by the Financial Services Commission of Ontario (FSCO). This is the 10th successive quarterly decrease since 1996. Of the…
EDC hits record levels in 98
March 1, 1999 by Canadian UnderwriterThe Export Development Corporation (EDC) posted record year end results for 1998. The corporation provides financial and risk management services to Canadian exporters, serving a record 4,183 exporters last year — a 13% increase on 1997. The EDC’s business volume…
Newfoundland adopts graduated licensing
March 1, 1999 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) has given a pat on the back to the Newfoundland and Labrador authorities who have adopted graduated licensing systems from January 1 of this year. Atlantic vice president of the IBC, Don Forgeron, says…
Y2K claimants here already
March 1, 1999 by Canadian UnderwriterThe ramifications of the millennium bug are already hitting insurers, says Crawford Adjusters Canada vice president Glenn Gibson, who recently addressed a capacity crowd at the SCOR Canada/Lang Michener Claims Symposium in Toronto. Already in the U.S. – where the…
Vector eases out B.C. market
March 1, 1999 by Canadian UnderwriterVector Intermediaries Inc. (ASE: VTE) has entered into an agreement to sell its British Columbia operations. Regional vice president of Western Canada Rich Commerford has agreed to purchase Burnaby-based Charlton Insurance Agencies Ltd. as well as Macnaughton & Ward in…
Letters (March 01, 1999)
March 1, 1999 by Canadian UnderwriterDear editor: The following correspondence has been sent by Noble Insurance, an Ontario-based insurance brokerage, to Robert Gunn, president of Royal Insurance Company of Canada, Noel Walpole, president of Economical Insurance Group, Robert Landry, president of personal finance solutions at…
CORRECTION (March 01, 1999)
March 1, 1999 by Canadian UnderwriterNews
A RISKY BUSINESS
March 1, 1999 AxiomAs I approached the first aisles of the “Exhibitors’ Showcase” it occurred to me for perhaps the sixth or seventh time just how technologically advanced our business had become. The three-day-long brokers’ convention had started, and half of the convention…
A turning point in professionalism
March 1, 1999 by Canadian UnderwriterThe risk management profession is coming of age, says Susan Meltzer the incoming president of the Risk and Insurance Management Society Inc. Meltzer will be the fifth Canadian president to take the reins of North America’s most prestigious organization representing the development of risk managers. She is also the first Canadian woman to occupy the presidency chair of RIMS, a task she does not find daunting in the least. Her message: it’s time for risk managers to look ahead.
Risk Management: It’s a Buyer’s Market
March 1, 1999 Lowell Conn and Sean van ZylDespite deteriorating conditions in the property and casualty insurance market, insurers continue to slash already low premium rates. Market observers forecast this trend to continue for at least 24 months as insurers prioritize marketshare over revenue prosperity. Simply put, the…
Skills in risk
March 1, 1999 Richard Saylor, a risk management consultant and former risk & iEvery end is a new beginning. This has never been truer than in today’s fast paced world where everyone and everything is constantly being reinvented. As I look at my career in the risk management field, I can see that…
Lindsey’s lean and mean Hambro
March 1, 1999 by Canadian UnderwriterHambro Insurance Services Group (HIS), a recently acquired subsidiary of Lindsey Morden Group Inc., has sold its 33% interest in Oracle Service Network Corporation — a provider of roadside and other assistance services in the U.S. and Canada — to…