Features
Paying the Dues of Diligence
January 1, 1999 Lowell ConnKPMG’s 7th annual Insurance Issues Conference, held in November at Toronto’s Four Seasons Hotel, focused on the effectsof industry consolidation on medium and small-sized insurance players.
A fair shake?
January 1, 1999 Don Turner, an Adjusting ConsultantI am often asked what my profession is. Instead of saying, “insurance adjuster” I often respond “an arson investigator”. I choose the latter for simplicity and to avoid a volley of complaints from the public over perceived injustices in the settlement of claims.
ALERT Fraud 2000
January 1, 1999 by Canadian UnderwriterBy Stephen Markson, a director of Forensic Systems Group and Craig Malcolm, managing partner of Forensic Accounting & Investigative Services Regardless of whether the new millennium starts on January 1, 2000 or 2001, its advent will provide abundant opportunities for…
Canadian Perspective
January 1, 1999 by Canadian UnderwriterThe Canadian aviation insurance market is relatively small in the global picture, notes Mike Wills, manager of marine and aviation at Royal & SunAlliance. The Canadian industry’s total aviation net premiums amounted to Cdn$83.8 million for 1997 compared with the…
Letters (January 01, 1999)
January 1, 1999 by Canadian UnderwriterDear Sir: I am surprised with your “informative” article on “Containing BROKER MANAGEMENT system costs” (CU, November Issue). I’m surprised that a management consultant wrote this article, without performing any kind of review of most of the options available today…
DCLI captures first policy
January 1, 1999 by Canadian UnderwriterDCLI Underwriters has issued its first policy under its new program, Defendant’s Commercial Litigation Indemnity (DCLI), president Pierre Gregoire recently told Canadian Underwriter. DCLI insures pending litigation that is either uninsured or underinsured. “In this case, the litigation was totally…
On The Move (January 01, 1999)
January 1, 1999 by Canadian UnderwriterSt. Paul Canada recently appointed Brad Tamblyn to the position of assistant vice president-Ontario region, responsible for leading the Corporate Accounts Underwriting team which markets commercial insurance products. Tamblyn has 16 years of experience including a significant background in liability…
U.S. cat losses continue
January 1, 1999 by Canadian UnderwriterCatastrophe losses continued to dampen U.S. property and casualty underwriters’ results for the third quarter of 1998, according to A.M. Best Company. The industry’s net income for the period fell 15% from the previous year’s level, due to higher underwriting…
THE ADJUSTERS’ DIPLOMAT
January 1, 1999 by Canadian UnderwriterCounting both independent and in-house insurance adjusters among its member base, the Ontario Insurance Adjusters Association (OIAA) requires a special breed of leader. The captain of this team must respect and grasp the sometimes contradictory priorities of its different faction members. Garth Roscoe is the leader as well as referee on the adjusting field.
Claims management and the Environment
January 1, 1999 Cecil Jaipaul,In the early days of environmental underwriting companies were often unaware of the full risk involved. For many companies the risks they took on and subsequent claims were not foreseen. For others, while the possibility of large claims may have…
Insurer concerns taxi for take off
January 1, 1999 Sean van Zyl, EditorConsolidation and cost cutting became the corporate buzzwords of the 1980s and 1990s, with operators from insurance to retail-chains through to the aviation industry embracing downsizing and cheaper marketing and delivery systems. The aviation business emerged from this process, particularly…
Sober Y2K predictions
January 1, 1999 by Canadian UnderwriterThe recently held Employers Reinsurance Corporation seminar on Y2K risks delivered some serious food for thought. The most startling of the information revealed was delivered by the first three speakers who provided a broad outline of the technology disruption likely…