Segment
Risk Management
Ontario court reiterates requirement to deliver all endorsements to insureds
September 28, 2007 by Canadian UnderwriterThe Ontario Court of Appeal has sent a warning shot across the bow to insurers: notifying an insured that an OPCF 28A Excluded Driver Endorsement has been issued is not sufficient; a copy of the actual endorsement must be sent…
Pandemic overdue, warns Marsh
September 27, 2007 by Canadian UnderwriterThe catastrophic impacts of a long-lasting pandemic are not only likely to happen, but overdue, and will likely exceed what most corporate and governmental leaders have imagined, or are prepared for, says a report from Marsh and The Albright Group.The…
Ontario Appeal Court rules on overlapping coverage of judo club “members”
September 26, 2007 by Canadian UnderwriterThe Ontario Court of Appeal has ordered CGU Insurance Company of Canada to contribute an equitable share of Cdn$1 million to Cdn$2.75-million settlement following a 1996 judo accident at the University of Windsor Judo Club.CGU insured the association Judo Ontario…
What’s New: In Brief (September 25, 2007)
September 25, 2007 by Canadian UnderwriterA new poll by the Traffic Injury Research Foundation (TIRF) has found more than 2 million Canadians display aggressive driving behaviours.“An aggressive driver may not intend to harm others, but their behaviour elevates everybody’s crash risk,” says Vanlaar. “Speeding, taking…
What’s New: In Brief (September 24, 2007)
September 24, 2007 by Canadian UnderwriterTen new drivers in Saskatchewan have received Cdn$1,000 after completing the Graduated Drivers Licensing program without any traffic convictions, suspensions or at-fault collisions.SGI is pleased to reward safe driving habits among our provinces new drivers, Phyllis Glowatsky, SGIs Manager of…
Al-Quaeda posing greater threat: Lloyd’s
September 24, 2007 by Canadian UnderwriterLloyds is warning that a growing network of cells spread throughout the world means the al-Qaeda brand is as strong as ever and capable of matching the devastation witnessed on 9/11.Referring to the International Institute for Strategic Studies (IIHS)s 2007…
RIMS strongly supports TRIREA
September 21, 2007 by Canadian UnderwriterThe Terrorism Risk Insurance Revision and Extension Act (TRIREA) H.R. 2761 was passed on Wednesday afternoon by the U.S. House of Representatives with a vote of 312 to 110 and is strongly supported by the Risk and Insurance Management Society…
Lloyd’s CEO calls for sustainable Canadian results
September 20, 2007 by Canadian UnderwriterThe Canadian insurance industry needs to strive for pricing consistency, Richard Ward, Lloyds CEO, told a crowd at the Risk and Insurance Management Societys conference in Halifax.Ward discussed contract certainty and claims management initiatives that Lloyds has taken to improve…
D&O policies may not cover investigative costs
September 20, 2007 by Canadian UnderwriterCanadian corporations need to be cognizant of the type of investigation costs covered in their Directors and Officers (D&O) liability policies, a report from Aons Canadian Financial Services Group warns. Companies need to consider whether, and to what extent, it…
Hub International to acquire Totten Insurance Group
September 19, 2007 by Canadian UnderwriterHub Ontario, a subsidiary of Hub International Limited, entered into a definitive agreement to acquire all of the stock of Totten Insurance Group Inc. (Totten), a Canadian specialty insurance wholesaler that develops niche products and provides solutions for unusual lines…
What’s New: In Brief (September 19, 2007)
September 19, 2007 by Canadian UnderwriterCrawford & Company (Canada) Inc. raised more than Cdn$10,000 for the Women in Insurance Cancer Crusade (WICC) at its 13th annual Crawford Classic charity golf tournament held in Toronto on Sept.12, 2007. Golfing during unseasonably cold weather has become somewhat…
What’s New: In Brief (September 18, 2007)
September 18, 2007 by Canadian UnderwriterDalhousie University in Halifax was home to a sea of nervous faces at the RIMS Canada conference Sept. 18, as students tested their skills playing Risk, a classic game of strategy, for their chance to win a $5,000 bursary from…