Segment
Risk Management
Expressing empathy immediately is key to riding out a crisis, risk managers told
September 23, 2008 by Canadian UnderwriterWhen faced with a crisis endangering a company’s reputation, it is vital for the spokesperson of that organization to immediately express empathy and then stress what the organization is doing at that moment to investigate and remedy the situation. The…
Good environmental policies lead to sound economies, RIMS Canada Conference told
September 23, 2008 by Canadian UnderwriterGood environmental policy is identical to good economic policy, Robert F. Kennedy Jr. told delegates attending the 33rd Annual Risk and Insurance Management Society (RIMS) Canada Conference in Toronto.He suggested de-carbonizing a society quickly would lead to greater efficiency, more…
Financial crisis highlights important role of risk managers, panelists say
September 22, 2008 by Canadian UnderwriterThe recent global financial services turmoil may produce opportunities for risk managers to have their voices heard within the upper echelons of their organizations, a panel of international risk managers told delegates attending the 33rd Annual Risk and Insurance Management…
George Simpson receives the 2008 Donald M. Stuart Award
September 22, 2008 by Canadian UnderwriterThe RIMS Ontario Chapter named George Simpson, senior manager of risk management and insurance of EPCOR Utilities Inc., as the 2008 recipient of the Donald M. Stuart Award. The award was presented at the 33rd Annual Risk and Insurance Management…
Failure to assess risk properly contributed to financial turmoil, UN envoy Stephen Lewis tells RIMS Canada Conference
September 22, 2008 by Canadian UnderwriterAt least US$1 trillion will be used to bail out the major capitalist financial structures of the United States of America because of a complete contempt for regulation and the absence of intuitive discernment on the part of risk managers,…
Space insurers profitable in first half of 2008
September 19, 2008 by Canadian UnderwriterSpace insurers earned approximately US$411 million in premium in the first two quarters of 2008, putting the market in a profitable position with US$252 million in reported claims. However, five additional in-orbit failures, mean insurers will perceive market volatility persisting…
What’s New: In Brief (September 19, 2008)
September 19, 2008 by Canadian UnderwriterPlant Hope Adjusters continues to grow in Atlantic Canada and has recently opened its eighth office in the region, this one in Grand Falls, NB. Lise Frenette, whose career has spanned 22 years, has been appointed branch manager of the…
What’s New: In Brief (September 19, 2008)
September 19, 2008 by Canadian UnderwriterMore than 1,500 risk professionals will descend upon Toronto on Sept. 21 for the 33rd annual Risk and Insurance Management Society (RIMS) Canada Conference.RIMS Canada, themed, ‘The Exchange: Where Great Ideas Come Together,’ runs until Sept. 24 and will feature…
Canadian P&C market outlook is stable, but with challenges
September 18, 2008 by Canadian UnderwriterThe Canadian property and casualty industry is stable, but not without its challenges, delegates of the A.M. Best Review & Preview Canada conference were told.In his presentation, Charles M. Huber, a senior financial analyst with A.M. Best, offered a rating…
What’s New: In Brief (September 17, 2008)
September 17, 2008 by Canadian UnderwriterMarine insurers are concerned some shipyards may be compromising quality to increase production, according to BestWire.There’s some indication the increasing cost of steel might be forcing shipyards in certain countries to cut back on the quality of steel used in…
Canadian and U.S. litigation trends growing more and more similar
September 16, 2008 by Canadian UnderwriterPrivate companies in Canada and the United States are facing similar trends in litigation based on legal actions launched by customers, shareholders, employees and business partners, a Chubb Insurance Company of Canada survey has found.“The survey findings were surprising, as…
Hurricane Ike damage estimates between US$6 and $16 billion
September 15, 2008 by Canadian UnderwriterHurricane Ike has caused insured losses from both onshore and offshore damage of between US$6 billion and US$16 billion, catastrophe modellers estimate.The storm made landfall on Sept. 13, hitting Galveston Island, Texas as a strong Category 2 storm.Ike featured hurricane-force…