News
Australian regulator releases guides for pandemic preparedness
October 10, 2006 by Canadian UnderwriterThe Australian Prudential Regulation Authority (APRA) has released an information paper and prudential practice guide (PPG) to assist APRA-regulated institutions including insurers and reinsurers with their planning for a potential pandemic.“The advice is being released following consultation with industry and…
AIG unit insured waste plant struck by fire
October 10, 2006 by Canadian UnderwriterA unit of American International Group Inc. issued The Environmental Quality Co. a pollution liability policy with a US$28 million aggregate limit along with other coverages to the operator of a hazardous material facility, which recently burned and forced thousands…
What’s New: In brief (October 10, 2006)
October 10, 2006 by Canadian UnderwriterThe Canadian Cystic Fibrosis Foundation (CCFF) and CARSTAR Collision Repair Centres are teaming up to make Halloween safer and at the same time help fund cutting-edge cystic fibrosis (CF) research and care. Cathleen Morrison, CEO of the CCFF, recommends that…
New education tool kicks off Fire Prevention Week in Edmonton
October 6, 2006 by Canadian UnderwriterStaying Alive, an organization dedicated to teaching fire safety to children, has launched a new educational tool in Edmonton called a ‘Public Service Announcement (PSA).’The launch of the PSA coincides with National Fire Safety Week, held from Oct. 8-14.The bilingual,…
Prime Minister Stephen Harper to address IBAO Convention
October 6, 2006 by Canadian UnderwriterPrime Minister Stephen Harper has confirmed his acceptance to address members at the Insurance Brokers Association of Ontario (IBAO)’s 86th annual convention, to be held at the Brock Plaza Hotel in Niagara Falls on Oct. 18-20.Harper will be speaking to…
Continued softening in p&c market
October 6, 2006 by Canadian UnderwriterThe composite rate for the commercial property and casualty market dropped 8% compared with the same period last year, according to a report published by Dallas-based MarketScout.The Commercial P&C industry continued its trend toward softening as indicated by the report…
What’s New: In brief (October 06, 2006)
October 6, 2006 by Canadian UnderwriterIn an effort to raised money for a children’s literacy program in Tanzania, Royal & SunAlliance board member George Anderson climbed 20,000 ft in seven days to reach the top of Mount Kilimanjaro, Africa’s tallest mountain. Anderson is a member…
What’s New: In Brief (October 05, 2006)
October 5, 2006 by Canadian UnderwriterWhen Fire Prevention Week officially kicks-off in Oromocto on Oct. 7, the Insurance Bureau of Canada (IBC) will be making two special presentations to show support for New Brunswick’s 4,100 volunteer and 535 career firefighters.As part of the opening ceremonies,…
El Nino conditions moderate 2006 hurricane season: NOAA (October 05, 2006)
October 5, 2006 by Canadian UnderwriterScientists at the NOAA Climate Prediction Center have observed that El Nio conditions which affect the intensity of hurricanes have developed in the tropical Pacific and are likely to continue into early 2007.“The development of weak El Nio conditions helps…
Reinsurance capacity “not nearly enough,” RAA
October 5, 2006 by Canadian UnderwriterThe Reinsurance Association of America (RAA) commends the President’s Working Group (PWG) on Financial Markets for its Terrorism Risk Insurance report and its contribution to the assessment of the private terrorism insurance market. The RAA says the report builds on…
Insurance companies reputable compared to industry at large
October 5, 2006 by Canadian UnderwriterAside from service, social responsibility and management are the factors which make trusted, individual insurance companies stand out from the industry as a whole, according to a new Ipsos survey of insurance company reputations.“We found that the best performers are…
ING offers new identity theft plan
October 4, 2006 by Canadian UnderwriterING Insurance has launched a new insurance product that will provide consumers with financial and legal support against identity theft. Victims of identity theft who have suffered losses due to the fraudulent obtainment and use of their credit card, social…