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RISK SURVEYS CIRCULATE

June 1, 1999 by Canadian Underwriter

Workers 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

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Insurance Acts to spark Alberta changes

June 1, 1999 by Canadian Underwriter

While 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

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D-day approaches on banks retailing insurance

June 1, 1999 by Canadian Underwriter

This 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

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Manitoba brokers brace for the banks

June 1, 1999 by Canadian Underwriter

The 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

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Oklahoma tornadoes further catastrophe losses

June 1, 1999 by Canadian Underwriter

Arecent 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

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RIMS 99: HOLISTIC RISKON THE HORIZON

June 1, 1999 Lowell Conn

Dallas, 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.

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AIG’s first Canadian Product Fair

June 1, 1999 by Canadian Underwriter

AIG 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

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Jury out on mandatory mediation

April 1, 1999 Lowell Conn

The City of Toronto’s new mandatory mediation program could result in quicker and more efficient resolutions of insurance lawsuits, lawyer Paul Iacano told a packed conference room at a seminar at the recently held Claims ’99 Ontario Insurance Adjusters Association

Growth in net written Premiums% increase in net written premiumsSources: A.M. Best. Projections by Guy Carpenter.
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U.S. Insurance Market Outlook

April 1, 1999 Sean Mooney, senior vice president at Guy Carpenter & Company In

Forecasting the U.S. insurance industry in recent years has been a rear view mirror exercise. The rate of growth in the industry has been in the same 2% to 3% range and profitability indicators have shown little change from year

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MINERS looking for global risk partners

April 1, 1999 Ken Fedosen and Eugene Iacob of Zurich Global Energy

Despite plummeting international commodity values — which over the last decade have made mining equities less than the darlings of stock markets — the Canadian mining industry is expanding at a healthy clip. It is estimated that 100 new mines

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Hi-Alta acquisitions continue

April 1, 1999 by Canadian Underwriter

Lewis & Wright Insurance Inc. of Grand Prairie and Soltys Insurance Services Ltd. of Edson, represent the two latest Alberta acquisitions by broker network Hi-Alta Capital Inc. (TSE:HIA). Lewis & Wright will add $6 million in premium to the network,

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Equisure acquires Ontario broker

April 1, 1999 by Canadian Underwriter

Equisure Financial Network Inc. (TSE: EFN) has entered into an agreement to acquire Sudbury-based Dinan Insurance Brokers and Financial Services Ltd., a multi-line general insurance and financial service brokerage. The undisclosed purchase price will be paid partly in cash and