Segment
Risk Management
Canadian agricultural ministers discuss risk management programs
April 13, 2007 by Canadian UnderwriterFederal and provincial ministers of agriculture met recently in Winnipeg, Manitoba and committed to ongoing collaboration on new business risk management programming for the agricultural industry.The ministers discussed the continued evolution of a new suite of business risk management programs…
What’s New: In Brief (April 12, 2007)
April 12, 2007 by Canadian UnderwriterAllstate Insurance Company of Canada has developed an alliance with LifeCall, a national provider of personal emergency response systems. Allstate policyholders are now able to access an exclusive, value-added offer for personal emergency response services provided by LifeCall. In an…
Liability a primary concern in collaborative healthcare practice
April 12, 2007 by Canadian UnderwriterLegal liability risk is perceived by some health professionals and organizations to be a barrier to delivering health services in collaborative teams, but a Conference Board of Canada report suggests that liability is not the obstacle they say it is.Based…
Experts stress need for climate change adaptation policies
April 11, 2007 by Canadian UnderwriterA panel of senior Canadian climate change experts, chaired by the Canadian Foundation for Climate and Atmospheric Sciencess Dr. Gordon McBean, called on the federal government to increase funding for research on the impact of global warming.We need to factor…
What’s New: In Brief (April 11, 2007)
April 11, 2007 by Canadian UnderwriterAllegient Systems, a software and service provider, has launched its Independent Adjusters ASP Bill Review (IA ASP) program, promoted as the industrys only Web-based end-to-end bill review solution designed specifically for independent adjusters.Available for immediate use, IA ASP expands the…
Swiss Re issues securities covering earthquakes in Canada
April 10, 2007 by Canadian UnderwriterSwiss Re has structured and placed US$150 million [approximately Cdn$172 million] of securities covering flood and earthquake catastrophic events in Canada, Great Britain, and the United States on behalf of Allianz Global Corporate & Specialty AG.The multiperil issuance is part…
Threat of energy expropriation in Latin America casues spike in political risk
April 10, 2007 by Canadian UnderwriterPolitical risk trends in emerging markets are taking on a troublesome retro feel back to the 70s, in a sense led by energy-sector expropriation moves in South American countries, A.M. Best has reported.The A.M. Best analysis cites the findings of…
Extreme weather events cost rising by 2% a year since ’70s
April 9, 2007 by Canadian UnderwriterThe financial costs of extreme weather events have been increasing by an average of two per cent a year since the 1970s, Dr. Robert Muir-Wood, chief research officer of Risk Management Solutions (RMS), said in response to the chapter, The…
Insurance industry concerned about data management
April 9, 2007 by Canadian UnderwriterThere are growing concerns about the governance and management of data the insurance industry is required to maintain, particularly in light of enhanced financial reporting requirements.The concerns were expressed by senior insurance executives attending the Actuarial Transformation Roundtable, organized by…
Lloyd’s observes dramatic increase in UK cybercrime
April 9, 2007 by Canadian UnderwriterCybercrime is on the increase in the United Kingdom and elsewhere, and risk managers need to be better prepared to deal with cases of Internet-crime including Internet fraud, junk email or ‘spam’, viruses and hacking, according to Lloyds of London.In…
Insurers should model for flooding, drought as a result of global warming
April 5, 2007 by Canadian UnderwriterThe insurance industry should start planning and modeling for a higher level of losses across the world by the middle of this century, as sea levels rise and large portions of polar ice sheets begin to melt, according to a…
Flanders Insurance Management fined $200,000
April 5, 2007 by Canadian UnderwriterFlanders Insurance Management and Administrative Services Ltd. has pleaded guilty to 210 counts filed against it by the Autorit des marches financiers (AMF) and has been ordered to pay more than $200,000 in fines.The Winnipeg-based business pleaded guilty to the…