Segment
Risk Management
Guy Carpenter releases MetaRisk 6.0, an updated risk and capital decision tool
July 25, 2011 by Canadian UnderwriterGuy Carpenter & Company LLC, a global risk and reinsurance specialist and a member of Marsh & McLennan Companies (NYSE: MMC), has released MetaRisk 6.0, the latest version of the firm’s risk and capital decision tool. MetaRisk now features a…
Businesses to prep for power outages resulting from heat wave: Marsh
July 25, 2011 by Canadian UnderwriterA massive heat wave is pressuring utilities in Northeastern United States and Central Canada, potentially leading to power outages, rolling blackouts or brownouts, said Marsh.Businesses should review steps to protect their supply chain during a power outage, Marsh notes. It’s…
SGI Canada rolls out insurance declarations (“Dec”) page attachments technology
July 22, 2011 by Canadian UnderwriterSGI Canada, in conjunction with Mastercom Consulting Ltd. and Zycomp, has successfully completed a download transaction providing a no-touch inclusion of an insurance declaration (“Dec”) page attachment.A Dec page is typically the first page of an insurance policy, although a…
Long-range weather event forecasting of potential use to insurance industry: report
July 22, 2011 by Canadian UnderwriterLong-range weather event forecasting – from one to 10 years out – would be useful to the insurance industry, which now relies too heavily on historical data to predict the likelihood of severe weather events, according to a report co-published…
Lloyd’s stretches cover to yoga instructors
July 22, 2011 by Canadian UnderwriterDemanding consumer expectations and an increasingly litigious society mean liability insurance has become a must for yoga instructors, Lloyd’s of London has cautioned. While yoga is a relatively low-risk activity, the biggest risk factor for an instructor is if they…
S&P’s places U.S. insurers on credit watch in wake of U.S. sovereign debt crisis
July 22, 2011 by Canadian UnderwriterStandard & Poor’s has placed its long-term counterparty credit and financial strength ratings and related issue ratings on all ‘AAA’-rated U.S. insurance groups on CreditWatch with negative implications.The short-term ratings on the insurance companies remain unchanged. The CreditWatch on the…
LAWPRO announces new appointments
July 21, 2011 by Canadian UnderwriterLAWPRO, the legal malpractice insurer for Ontario lawyers, has made a number of appointments in its two claims departments. In its specialty claims area, effective Sept. 1, 2011, Simon Bernstein will become vice president of specialty claims, which is responsible…
Canadian commercial lines likely to see flat pricing in 2011 Q3: Marsh
July 21, 2011 by Canadian UnderwriterOverall Canadian market conditions remain favourable across most commercial lines through the end of the 2011 Q2, but signs of a firming market are beginning to appear in segments of the marketplace, according to Marsh. In its Canadian Insurance Market…
MEA Forensic announces appointment of new principal
July 21, 2011 by Canadian UnderwriterCraig Wilkinson has been appointed principal of MEA Forensic Engineers & Scientists. Wilkinson joined MEA in 1999 and is based in its Toronto office. His practice includes investigations of automobile collisions, event data recorders, pedestrian collisions and night time visibility.…
Cunningham Lindsey Canada appoints assistant vice president to commercial risk division
July 21, 2011 by Canadian UnderwriterMike Alwyn has been promoted to assistant vice president of the commercial risk division (CRD) at Cunningham Lindsey Canada Claims Services Ltd. Prior to the appointment, Alwyn served as director of the CRD unit in addition to overseeing several Toronto…
Wet conditions lead to increased crop insurance claims for unseeded acres in Manitoba, Saskatchewan
July 20, 2011 by Canadian UnderwriterWet conditions this spring in Manitoba and Saskatchewan have resulted in many more farmers making crop insurance claims for their unseeded crops.Citing government sources, Commodity News Service Canada reports a total of 2.9 million acres went unseeded in Manitoba, leading…
Inflation in Canada starts to rise: Statistics Canada
July 20, 2011 by Canadian UnderwriterSoaring energy and gas prices over the past year have led to the biggest annual increase in the Consumer Price Index (CPI) since 2003, Statistics Canada reports.The CPI tracks prices related to core living expenses such as food, shelter, transportation…