Segment
Risk Management
"Significant strides" made in corporate governance: Moody’s
October 7, 2004 by Canadian UnderwriterIn a study of 169 U.S. and Canadian entities over the past year, rating agency Moody’s says great strides have been made towards better corporate governance.Among the improvements, Moody’s finds greater commitment by directors for such functions as risk management,…
What’s new: In brief (October 06, 2004)
October 6, 2004 by Canadian UnderwriterAs expected, drug maker Merck is already facing lawsuits after pulling its pain medication Vioxx from the shelves. The company announced the move last week, in response to concerns over the drug’s side effects. Vioxx is used widely by arthritis…
What’s new: In brief (October 05, 2004)
October 5, 2004 by Canadian UnderwriterThe 2004 recipient of the Don Stuart Award, risk management’s highest honor, is Joseph Restoule. Restoule, accompanied by wife Patti, accepted the award Tuesday at the RIMS Canada Conference in Winnipeg. Restoule is director of risk & insurance for NOVA…
RIMS Canada Conference: RIMS president pushes international agenda
October 5, 2004 by Canadian UnderwriterAlmost halfway through her term as RIMS president, Nancy Chambers says the journey thus far “has had lots of breathless moments”. Hearkening back to her introductory speech as president at the San Diego RIMS Conference in April, she says her…
RIMS Canada Conference: Risk managers challenge service standards
October 5, 2004 by Canadian UnderwriterAmong the many impacts the insurance industry experienced as a result of the 9/11 disaster was a recognition of the abysmal state of service taking place in commercial insurance ranks. So said a panel of speakers representing all segments of…
RIMS Canada Conference: Risk managers urged to “seize the moment”
October 4, 2004 by Canadian Underwriter“Carpe diem”. Seize the day. Risk managers are enjoying a moment in the spotlight and now is the time to break down the corporate “silos” and push enterprise-wide risk management (ERM) to the board level. So say speakers at the…
Reserve deficiency hits US$67 billion: A.M. Best
October 4, 2004 by Canadian UnderwriterDespite moves by several companies to bolster reserves over the past three years, the p&c industry remains under-reserved to the tune of US$67 billion, according to rating agency A.M. Best. In a special report, the rater says reserve adequacy remains…
RIMS Canada Conference: Global standards for risk management sought
October 4, 2004 by Canadian UnderwriterThe search for a global standard for risk management begins with finding a common language, say speakers at the 29th annual RIMS Canada Conference being held this week in Winnipeg, Manitoba. “We see the growing emergence of a more common…
Lloyd’s urges insurers to address public image
October 3, 2004 by Canadian UnderwriterInsurers must address their “pretty appalling” reputation with the public, Lloyd’s director of worldwide markets told the Chartered Insurance Institute Annual Conference last week.James says the industry has lost public confidence, as well as that of investors and regulators, in…
What’s new: In brief (October 03, 2004)
October 3, 2004 by Canadian UnderwriterIncreasing variety in reinsurance tools and increasing exposure of reinsurers to catastrophic risks are among the topics discussed in a new report by LOMA. The report, which covers jumbo tort liability claims, cyber risks, and expanding ocean marine risks, amongst…
What’s new: In brief (September 30, 2004)
September 30, 2004 by Canadian UnderwriterAon Corp. is seeking a new CEO with news of the departure of CEO Patrick Ryan. While Ryan will remain as CEO until a successor is found, he also plans to maintain his role as chair of the board even…
Blockbuster class action dismissed in Quebec
September 30, 2004 by Canadian UnderwriterAn attempt by Blockbuster Inc. customers to launch a class action suit against the video store chain over its fees has been blocked by the Quebec courts.Blockbuster announced this week that after a two-week hearing, the Quebec Superior Court had…