Canadian Underwriter

Features


patrick ryan
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Wake up, the “Knowledge Economy” is here

July 1, 1999 Sean van Zyl, Editor

The Insurance Institute of Ontario’s Centennial Symposium, recently held in Toronto, drew together several key local and international financial services experts who provided a mixed view of the future in terms of how current and emerging marketplace events will impact the property and casualty insurance industry. However, all of the speakers agreed that change is rushing the industry into a new era.

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The Internet’s consumer VOICE

July 1, 1999 Dennis Krueger, a U.S. freelance technology writer

Originally a medium for scientists to exchange information, the Internet’s use has rapidly expanded to become a virtual commercial marketplace. And, with the Internet’s commercial potential beginning to truly surface, consumers through news group forums and dedicated web sites are

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Developing Financial Supervision The Canadian Solution

July 1, 1999 Lawrie Savage of Lawrie Savage & Associates Inc.

The 1990s saw considerable attention drawn to the global benefits of the so-called “hot” developing economies such as South America, Asia and the former Eastern Bloc countries. Most recently, we have seen plunging stock markets and economic uncertainty resulting in these same areas. Strangely, these have a link with trends in Canadian financial supervision.

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Economical takes Family’s BC stake

July 1, 1999 by Canadian Underwriter

Economical Mutual Insurance Company has announced plans to purchase the insurance-related assets of the Family Group of Companies, which filed for bankruptcy protection in British Columbia earlier this year. Swiss Reinsurance Company, a Family creditor, joins Economical and will receive

NORMA NIELSON
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Learning to stay ahead

July 1, 1999 by Canadian Underwriter

“We’re in a world where the ‘world of products’ is going to get even bigger,” predicts Norma Nielson, chair of insurance at the University of Calgary. A major issue arising from the “blurring of traditional product lines” and the multi-skills

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Allstate acquires CNA personal lines

July 1, 1999 by Canadian Underwriter

U.S.-based Allstate Corporation has acquired CNA’s personal lines business in a transaction valued at $1.2 billion. The deal calls for Allstate to pay CNA $140 million in cash for the business and company shell. Also, Allstate will utilize about $950

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Coming Events (July 01, 1999)

July 1, 1999 by Canadian Underwriter

Announcements 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. Strategy Institute: Changing Face

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News (July 01, 1999)

July 1, 1999 by Canadian Underwriter

At a luncheon held May 17 at Ottawa’s Chateau Laurier Hotel, the Insurance Institute of Ontario hosted the national finals of the Inter-Institute Public Speaking Contest before an audience of 75. The 1999 winner of the Canadian Underwriter Trophy was

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U.S. 1-quarter figures show investment boon

July 1, 1999 by Canadian Underwriter

First-quarter results of the U.S. property and casualty insurance industry show signs of improvement; largely on the back of increased investment earnings derived from higher interest rates. The industry’s after tax income for the period clocked in at US$9.2 billion

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Canadian 1-quarter ratios rise on consolidation costs

July 1, 1999 by Canadian Underwriter

Queensway Financial Holdings Inc. and St. Paul Companies released their first quarter earnings, with both showing results mirroring industry trends. Both companies followed the industry’s alarming trend of rising operating ratios. And while Queensway’s premium volume rose considerably — the

CHUCK BYRNE
Feature

IBABC 99 AGM AND CONFERENCE: Regional Unity the Cornerstone

June 1, 1999 Sean van Zyl, Editor

Promoting regional unity and getting out on the road to read member needs and concerns first hand are central issues of the Insurance Brokers Association of British Columbia’s strategic growth plan for the year ahead. Although brokers should remain competitive

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Mandatory mediation: Split decision?

June 1, 1999 Jonathan Schrieder, Milton J. Brown, Q.C. & Assoc., Barristers &

When the Financial Services Commission of Ontario (FSCO) introduced mandatory mediation of statutory accident benefits disputes, insurance companies quietly rejoiced. Essentially, the new rules preclude plaintiffs from launching an action at law prior to mediating issues in dispute which fall