U.S. insurers results: from ground-zero to zero
January 1, 2002 by Canadian UnderwriterU.S. property and casualty insurers incurred their worst financial loss for the first nine months of last year since the devastation caused by Hurricane Andrew in 1992, observes the Insurance Services Office (ISO) and the National Association of Independent Insurers…
Getting Back to Basics
January 1, 2002 by Canadian UnderwriterIn the continually evolving world of claims, adjusters are dealing with new pressures daily. The demands of loss cost reduction, increasing customer expectations, changing regulations and technology may, however, cause a return to the foundations of good adjusting. For incoming Ontario Insurance Adjusters Association (OIAA) president Louise Rivett, the keys to adjusting in the new world are simple – good customer relationships and strong knowledge and skill base. With mergers and acquisitions shrinking the marketplace, the pressure is increasing on adjusters to have the right skills and latest knowledge.
“You Can’t Sue Me, I’m Canadian!”
January 1, 2002 Mark Scheer, managing partner of Seattle-based Scheer & SotirhosImportant U.S. Strategies for Canadians
ICN CEO attacks "false statements" suggesting that Newfoundland/Labrador insurance costs are lowest in Canada
December 11, 2001 by Canadian UnderwriterInsurance Corporation of Newfoundland (ICN) CEO Dave Anthony has "denounced" what he calls "false claims" recently made by personal injury lawyers that insurance rates in Newfoundland and Labrador are the lowest in Canada.Anthony spoke at a St. John Northwest Rotary…
Facility voices opposition to Newfoundland auto plans
December 3, 2001 by Canadian UnderwriterIn a response to the Newfoundland government’s consultation paper on auto insurance reform, the Facility Association (FA) has come out strongly against several proposed changes to its operation in that province.The plan calls for the government to control the membership…
MPI gets rate approval
November 20, 2001 by Canadian UnderwriterManitoba Public Insurance (MPI) has received approval for its 2002-2003 rate structure from the province’s Public Utilities Board. The structure means basic Autopac policyholders will pay an average of $555 in premiums, the same rate paid since 1998.MPI had hoped…
Chubb tops FSCO claims survey
November 15, 2001 by Canadian UnderwriterOnce again Chubb has taken top spot in the Financial Services Commission of Ontario’s (FSCO) claims satisfaction survey. The survey, which uses a random sample of insurer auto claims files, also shows that 85% of respondents were very or somewhat…
Newfoundland auto reform looms
November 1, 2001 by Canadian UnderwriterThe Newfoundland government is putting auto insurance reform on the table, releasing a discussion paper that proposes restrictions on the ability to make claims for pain and suffering as a result of minor accidents. It is expected that medical and…
News (November 01, 2001)
November 1, 2001 by Canadian UnderwriterUAB Group president and CEO Serge LaPalme (right) is welcomed to the neighborhood by Markham Mayor Don Cousens. UAB Group marked the official opening of its new offices at 90 Allstate Parkway in Markham, which consolidates its Toronto operations. It…
Industry can meet Sept. 11 commitments, says A.M. Best
November 1, 2001 by Canadian UnderwriterAlthough the September 11 terrorist attacks are “unprecedented in scope and complexity,” the industry will be able to meet its commitments, says Larry Mayewski, executive vice president and chief rating officer for A.M. Best. “The direct and indirect impact of…
IBC responds to Ontario’s revised auto insurance proposal
October 31, 2001 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) has lashed out at the Ontario government and provincial regulator Financial Services Commission of Ontario (FSCO) with regard to the latest legislative discussion document released on auto insurance regulation. The IBC says the latest…
IBC and policy group at odds on B.C. insurance future
October 11, 2001 by Canadian UnderwriterA new study released by the Canadian Center for Policy Alternatives (CCPA) suggests privatizing British Columbia’s auto insurance system will be bad for consumers. “Allowing private firms to compete with ICBC in the provision of basic auto insurance will almost…