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Risk Management


News Climate ChangeInsurance

BC owners demand fair compensation following watery crash

July 5, 2005 by Canadian Underwriter

A mechanical fault in a 7,000-tonne BC-based ferry, recently caused the vessel to loose power and subsequently crush approximately 22 boats in the Horseshoe Bay ferry terminal in West Vancouver, according to Transportation Safety Board investigators. BC Ferries are now

News Insurance

Trucks damaging Saskatchewan highways pay more

July 5, 2005 by Canadian Underwriter

Vehicle registration for Saskatchewan farmers operating heavy trucks is set to increase by September 1, 2005. These government insurance fees are being re-balanced to address the damage heavy vehicles cause to highways and they will fluctuate to reflect the damage

News Climate ChangeInsurance

Insurers may lose terrorist protection

June 30, 2005 by Canadian Underwriter

The U.S. Treasury Department recently released a report on the state of terrorism suggesting the Terrorism Risk Insurance Act (TRIA) should not be extended in its present form.Treasury secretary John Snow says, in a letter concurrent with the reports recent

News InsuranceMergers and Aqcuisitions

Bad weather conditions increase auto injury risk by 70%

June 30, 2005 by Canadian Underwriter

Bad weather driving conditions result in a 70% increased risk of injury-related auto collisions between urban Canadian drivers, according to a report recently released by the Institute for Catastrophic Loss Reduction (ICLR).Presented by Jean Andrey, associate dean of geography at

News Climate ChangeInsurance

Cost of storm damage to increase insured and uninsured loses by two-thirds

June 29, 2005 by Canadian Underwriter

Combined, global costs resulting from catastrophic storm damage may show an increase of two-thirds by the 2080s, according to the Association of British Insurers (ABI).The new report, “Financial Risks of Climate Change,” provides a global analysis of the projected climate-change

News Insurance

Directors and officers covered from personal liability

June 27, 2005 by Canadian Underwriter

Independent corporate directors have access to a directors and officers insurance policy that may shield them from personal liability stemming from regulator or shareholder lawsuits.Hartford Financial Services Group Inc.’s Priority Protection-IDL coverage begins when an entity is barred by law

News Climate ChangeInsurance

Canadian security gains strength (June 27, 2005)

June 27, 2005 by Canadian Underwriter

Canadian security is set to skyrocket with the inception of a new North American plan intended to improve the response to internal and external threats while bolstering free flow of trade between Canada, U.S. and Mexico, according to Deputy Prime

News Climate ChangeInsuranceMergers and Aqcuisitions

Marijuana grow operations may lead to higher insurance rates

June 20, 2005 by Canadian Underwriter

A recent fire in Richmond, BC is likely a result of a marijuana grow-op. The incident sets precedence for the new pot grow-op bylaw, set to take effect July 1, requiring landlords to check their premises for grow-ops every three

News Climate ChangeInsuranceMergers and Aqcuisitions

What’s New: In brief (June 20, 2005)

June 20, 2005 by Canadian Underwriter

CORRECTION NOTICE: Royal & Sun Alliance Insurance Group Plc. is not calling for bids as was stated in the news release published on June 20, 2005. A Royal & Sun representative says the Company has no plans to call for

News InsuranceMergers and Aqcuisitions

Bait Car program may save insurers money

June 16, 2005 by Canadian Underwriter

Insurers may soon see a decrease in auto theft claims as recent initiatives by B.C. police take flight, right along with criminals in the act. According to media reports, lower mainland B.C. police have implemented a fleet of ‘bait cars,’

News Insurance

What’s New: In brief (June 16, 2005)

June 16, 2005 by Canadian Underwriter

The Canadian Agricultural Income Stabilization (CAIS) has recently received a number of changes to ensure the program is more responsive to the needs of producers, which represent 149,258 individuals nationwide. The CAIS increasingly offers significant assistance to CAIS producers, helping

News Climate ChangeInsurance

Integro Canada recruits another ex-Marsh to its team

June 15, 2005 by Canadian Underwriter

Integro USA an insurance brokerage firm offering brokerage and risk management services recently appointed John Chippindale as the new managing director and president of Integro Canada. Chippindale is another ex-Marsh Canada employee the New York-based firm has recruited to its