Quake reminder
April 1, 2001 by Canadian UnderwriterFollowing a fairly mild earthquake which shook the Queen Charlotte Islands and surrounding areas in British Columbia in early February, a second quake of a much greater magnitude of 6.8 on the Richter Scale occurred in the northern part of…
A NEW ORDER VALUE OR LOST OPPORTUNITY?
March 1, 2001 Sean van Zyl, EditorComing years will see increased attention being brought to bear on the service performance of the claims management side of the insurance business, delegates who attended the recently held Canadian Insurance Claims Managers Association and Canadian Independent Adjusters Association joint…
On The Move (February 01, 2001)
February 1, 2001 by Canadian UnderwriterCGU Canada is making several organizational changes effective June 1, including the appointment of Igal Mayer as president and CEO of CGU Canada. He was formerly finance director for Norwich Union Insurance and replaces Mark Webb. Webb has been named…
Taking Shape: Insurers move online
February 1, 2001 Vikki SpencerThe potential of the Internet has been bandied about for the past several years and finally insurers seem to be taking heed of the message. In an effort to reduce escalating expense ratios, insurers are putting the Internet to work.…
Punitive damage claims: AN ARGUMENT FOR COVERAGE
February 1, 2001 Jim Cameron of Cameron & Associates Insurance Consultants Ltd.Just before Christmas, the Supreme Court of Canada heard argument in the case of Whiten v. Pilot. The original trial jury heard evidence that lead them to conclude that Pilot acted in bad faith against its insured Whiten and awarded…
TPAs Looking for Value
January 1, 2001 Ed Doyle, general manager at Gallagher Bassett Canada Inc.In the past several years we have seen a movement in the Canadian property and casualty insurance industry toward the U.S. model of adjusting claims and handling claims management through third-party administrators (TPAs). In line with this trend, the days…
Adjusting the Balance
January 1, 2001 Vikki SpencerAs incoming president of the Ontario Insurance Adjusters Association, Paul Feron knows he will juggle the interests of two diverse member groups, independent and staff adjusters. Finding common ground may not, however, prove difficult. Adjusters as a whole face a…
On The Move (January 01, 2001)
January 1, 2001 by Canadian UnderwriterCanadian Independent Adjusters Association past president David Buzzeo passes the gavel to new president Paul Hancock at the association’s recent conference in Edmonton, AB. Jill Hepburn has been appointed vice president, underwriting and technical services for the Facility Association. Hepburn…
Lindsey Morden launches rights offering
December 1, 2000 by Canadian UnderwriterIn an attempt to strengthen its capital, adjusters Lindsey Morden Group (TSE: LM) is making a rights offering to holders of outstanding subordinate voting shares. Lindsey Morden expects proceeds of approximately $20,350,000 to result from the offering, which would be…
Coming Events (December 01, 2000)
December 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Canadian Insurance Accountants Association…
CRACKING the CASE: INVESTIGATING INSURANCE FRAUD
November 1, 2000 Vikki SpencerWith the rise of high-tech crime fighting equipment and the experts to match the tools, insurers are discovering new ways to crack down on fraud. Far from a victimless crime, fraud accounts for higher premiums and higher taxes as fake…
Coming Events (November 01, 2000)
November 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Risk and Insurance…