Canadian Underwriter

What’s New: In Brief (April 20, 2007)

April 20, 2007   by Canadian Underwriter

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The Women in Cancer Crusade (WICC) Alberta chapter is rallying around its Fifth Annual WICC Day, to be held May 1, 2007.
Your generosity in supporting WICC has resulted in contributions of more than Cdn$525,000 to the Alberta division of the Canadian Cancer Society since we began in 2000, WICCs Alberta chapter announced in a statement.
Those who wish to participate in the WICC Day fundraising event can do so in their own style.
WICC Day might be done in a variety of ways, including a single-day event, an event that lasts an entire week, or an event each Friday during the month of May.
Suggested WICC Day activities include a 50-50 draw, a jeans day, raffle, bake sale, silent auction, pot-luck lunch, or WICC product sales.
Anyone who would like a supply of WICC cancer wristbands to sell as part of their WICC Day event can contact Mary-Jane Winfield at Canada Brokerlink at 403-209-6334 or email at:
After the event, funds should be forwarded to WICCs Alberta chapter treasurer Laura Smyth at:
Dominion of Canada
1700 – 777 8 Ave. S.W.,
Calgary, T2P 3R5

Risk Management Solutions, a catastrophe risk management firm, said it anticipates increases in its Industry Exposure Database that may impact the measured risk for catastrophe bonds that rely on industry loss estimates (such as the PCS index).
While RMS has not yet finalized its estimation of the magnitude of the change, it has signaled that it expects Florida residential to exhibit the most significant increase in risk, the company announced in a press release. This view is driven primarily by increases in the RS Means Construction Cost Index of approximately 15% over the past several years, plus a smaller increase reflecting recent growth rates in exposures reported for the admitted Florida residential market.
RMS said it intends to release its estimates of the magnitude of the increase in risk during the week of Apr. 30, 2007.