Features
Y2K – you’d better be ready
July 1, 1999 by Canadian UnderwriterInsurance companies were warned that the deadline for Y2K is nearly here, for both internal company systems and external coverage policies. At a morning session addressing all aspects of Y2K, TRAC Insurance Services Ltd. general manager Joel Baker revealed results…
On The Move (July 01, 1999)
July 1, 1999 by Canadian UnderwriterEquisure Financial has made application to amend the name of its wholly owned chartered trust company to Equisure Trust Company from Evangeline Trust Company. Insurance Technology Advisors Ltd., a Canadian insurance marketplace consulting practice, announced that Domenic Maggio has joined…
AIG’s first Canadian Product Fair
June 1, 1999 by Canadian UnderwriterAIG recently held it’s first Canadian Product Fair in Toronto at the Roy Thompson Hall. Greg Flood (pictured), president of AIG’s mergers & acquisitions division, was one of several speakers addressing the 600 attendees. Flood points out that the surge…
RIMS 99: HOLISTIC RISKON THE HORIZON
June 1, 1999 Lowell ConnDallas, Texas was the site of the Risk & Insurance Management Society’s recent 37th annual conference and exhibition where 4500 delegates met, networked, and examined a profession undergoing large-scale transformation.
Oklahoma tornadoes further catastrophe losses
June 1, 1999 by Canadian UnderwriterArecent tornado that hit Oklahoma has become the worst insured catastrophe in the state’s history, according to preliminary information released by the Property Claim Services (PCS) unit of Insurance Services Office (ISO). The storm system caused $955 million in insured…
Manitoba brokers brace for the banks
June 1, 1999 by Canadian UnderwriterThe new president of the Insurance Brokers Association of Manitoba (IBAM) Ron Vandenbosch says the battle against banks retailing insurance is the top concern expressed by his constituents at the recent IBAM annual general meeting in Winnipeg. Asked to list…
D-day approaches on banks retailing insurance
June 1, 1999 by Canadian UnderwriterThis month federal Finance Minister Paul Martin will release his report outlining the proposed future of financial institutions in Canada. With brokers and insurers weary of banks being allowed to retail insurance out of their branches, the associations are standing…
Insurance Acts to spark Alberta changes
June 1, 1999 by Canadian UnderwriterWhile the potential restructuring of financial institutions on the national scene is holding the attention of Alberta brokers, there are plenty of initiatives on the homefront to keep them busy. New Insurance Brokers Association of Alberta (IBAA) president Stephen Evanson…
RISK SURVEYS CIRCULATE
June 1, 1999 by Canadian UnderwriterWorkers compensation costs, safety and loss control programs, technology, the insurance marketplace and corporate human resources are among the top issues of concern facing risk managers in 1999, according to Liberty Mutual’s Risk Management: Ideas at Work survey released at…
Coming Events (June 01, 1999)
June 1, 1999 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. Insurance Institute of Ontario…
Modeling risk, or maybe not…
June 1, 1999 Sean van Zyl, EditorWith the rising trend of North American natural catastrophe losses, a great deal of attention is being turned to the development of computer simulated cat risk programs. Cat risk models are hardly a new technological advancement for the insurance industry,…
Storming ahead successfully
June 1, 1999 AxiomWe couldn’t have picked a worse day for the opening of my company’s new regional office. Gale-force winds had blasted into the city overnight, knocking down trees and power-lines, shutting down the airport, and tearing the roofs off new, unfinished…