ON THE RIGHT TRACK
May 1, 2001 Vikki SpencerA recent decision by the Newfoundland Public Utilities Board has created the platform for a “sure victory” for the property and casualty insurance industry’s Facility Association (FA). This development has also produced a heady start for Stan Griffin, the current…
BIRTH OF THE CAT BOND
May 1, 2001 Andrew RickardTHE FUTURE OF REINSUR ANCE FINANCING
BUSINESS CONTINUITY: do you have a plan?
April 1, 2001 Karen Rutherford and Gerry Myer of the Crisis Tool GroupDo you need to show your employer that as a risk manager you are bringing value-added services to your organization? Do you need to create a sense that you are virtually indispensable? Would you like to know one process that will allow you to know more about your company than the CFO, CEO or anyone else? Ask any continuity planner and they will quickly tell you the answer – build your company’s recovery plan.
VANCOUVER’S REAL EARTHQUAKE RISK: FIRE
April 1, 2001 Sean van Zyl, EditorThe recent earthquake which shook residents of Seattle and Olympia in north Washington state has given risk managers with exposures in southwestern British Columbia more than a mild shudder. It has long been known that the highly urbanized cities of…
CYBER-EXPOSURE a risky business
March 1, 2001 Vikki SpencerCorporate takeovers. Plummeting stock prices. Falling profits. These used to be the primary fears of the corporate world. Today, enemy number one could be a fourteen-year-old sitting in front of a home computer with the power to bring business to…
Accountability
March 1, 2001 Sean van Zyl, EditorAsk any one of two million grumbling Californians who were recently suject to power blackouts as to why they are not currently overly fond of their local politicians and civil servants, and you will find that the list of complaints…
Feds respond to disaster mitigation
March 1, 2001 by Canadian UnderwriterThe federal government has taken an important step forward toward natural disaster mitigation with the creation of a new disaster handling agency, the Office of Critical Infrastructure Protection and Emergency Preparedness (OCIPEP), says the Insurance Bureau’s president George Anderson. “This…
Aging infrastructure key link to disasters
January 1, 2001 by Canadian Underwriter“While Canada does a great job responding to natural disasters and rebuilding afterward, we have a lot to do when it comes to preventing disaster,” says George Anderson, president of the Insurance Bureau of Canada (IBC). Anderson, who recently gave…
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…
D&O coverage rates hopelessly inadequate
November 1, 2000 by Canadian UnderwriterGiven the rise in litigation and claims severity under D&O (directors and officers) coverage, rates are woefully inadequate, a recent Toronto Insurance Conference seminar was told. Udo Nixdorf, senior vice president of Chubb Insurance Company of Canada, says trends in…
BEHIND THE SCENES: forensic entomology
October 1, 2000 Dael Morris, a forensic entomologist at Insect InvestigationsForensic investigation is hardly an unknown field to the insurance industry. However, an area that seems to garner little attention in claim investigation procedures is forensic entomology — which could save insurers and insureds millions of dollars. Bug investigations? You have to be kidding. But, as the following case study reveals, insects can reveal many secrets in the process of claims investigation.
Coming THrough A Crisis
September 1, 2000 Vikki SpencerWhen a tornado ripped through Pine Lake, Alberta in July of this year, confusion was the order of the day. Local emergency authorities and the media swarmed around the devastated area trying to assist the victims. Insurers and adjusters were also there, providing swift service in getting the residents back on their feet