Segment
Risk Management
Terrorism risk top priority after bin Laden’s death, U.S. insurance industry notes
May 2, 2011 by Canadian UnderwriterThrough persistent vigilance, terrorism risk in the countries of the Western alliance will continue to be effectively controlled, according to the catastrophe modeler RMS, commenting after the death of Osama bin Laden in a U.S. helicopter raid on a compound…
Insured losses from U.S. tornadoes could reach $5 billion: Eqecat
May 2, 2011 by Canadian UnderwriterInsured property losses from the April 2011 outbreak of tornadoes in the southern United States are expected to be in the range of between $2 billion and $5 billion, according to Eqecat. Initial reports show the upwards of 10,000 buildings…
Two Canadian risk managers among five inaugural inductees into newly formed Risk Management Hall of Fame
May 2, 2011 by Canadian UnderwriterTwo Canadian risk managers, Douglas Barlow and Donald Barrett, are among five inaugural inductees to the newly formed Risk Management Hall of Fame (RMHF). The RMHF was organized to maintain the history and tradition of the field of risk management,…
Taking the Pulse
May 1, 2011 by Canadian UnderwriterWhen you consider these global disasters on a cumulative basis, the numbers start to look foreboding. We’re barely 16 weeks into the year and we are already between one quarter and halfway to the analysts’ projected target for raising more capital.
MarketPlace
May 1, 2011 by Canadian UnderwriterRegulation CCIR seeks comments on proposed best practices for regulatory surveys The Canadian Council of Insurance Regulators (CCIR) is seeking comment from the insurance industry on its issues paper, Best Practices for Regulatory Surveys. The CCIR says the paper addresses…
Emergency Planning
May 1, 2011 David Gambrill, editorKelli Kryzanowski has helped out in many times of crisis – 9-11, the 2004 Indian Ocean Tsunami – so preparing for seismic activity in B.C. is a natural fit for this emergency manager.
Moves & Views
May 1, 2011 by Canadian UnderwriterCatlin Canada has appointed Stan Chlon as its product manager of property. Chlon has more than 35 years of experience in the insurance industry as a commercial property underwriter and manager. He has been employed at a major commercial insurer…
2011 Canadian Outlook Breakfast
May 1, 2011 by Canadian UnderwriterMore than 160 senior insurance industry executives gathered in Toronto for the 2011 Canadian Outlook breakfast on Mar. 31. Attendees at the event, co-sponsored by Swiss Re and the Insurance Bureau of Canada (IBC), learned about trends in the 2010…
Sugar Bush Breakfast
May 1, 2011 by Canadian UnderwriterWICC Ottawa Chapter held a Sugar Bush Breakfast at the National Arts Centre on Apr. 1. More than 230 industry supporters came out to enjoy typical light sugar bush food fare, live music and even maple taffy on snow —…
Quebec Court of Appeal narrows scope of tender document’s indemnity clause
April 29, 2011 by Canadian UnderwriterQuebec’s Court of Appeal has limited the application of a fairly broad indemnity clause that would have effectively transferred all of a municipality’s risk to a contractor as part of a tendered contract.In Ville de Montréal c. C.M.S. Entrepreneurs Généraux…
IBC, Emergency Management Ontario present second annual Emergency Preparedness Challenge
April 28, 2011 by Canadian UnderwriterInsurance Bureau of Canada (IBC) is partnering with Emergency Management Ontario (EMO) to present the Emergency Preparedness Challenge for the second year in a row. The challenge runs from Apr. 29 to May 31 at www.ontario.ca/beprepared. It consists of five…
New president at the helm of Aon Risk Solutions
April 27, 2011 by Canadian UnderwriterChristine Lithgow has been appointed president of Aon Risk Solutions in Canada. She will be replacing retiring outgoing president Chris Fawcus. Lithgow began her career at Aon predecessor Reed Stenhouse in the United Kingdom before moving to Canada in 1981.In…