ICLR calls for federal strategy on climate change
February 15, 2005 by Canadian UnderwriterIn a letter to Canadian Prime Minister Paul Martin, the Institute for Catastrophic Loss Reduction (ICLR) is urging the federal government to establish a comprehensive strategy on climate change. The ICLR, which was created by Canada’s property & casualty insurers…
Tsunamis Echoes of the Waves
February 1, 2005 Vikki SpencerThe devastation wrought by the Indian Ocean tsunami poses a host of dire questions for government and for insurers here in Canada as they struggle to maintain some footing in what has become a war against Mother Nature.
Feds, provinces shake hands on emergency preparedness plan
January 24, 2005 by Canadian UnderwriterFederal and provincial representatives meeting in Ottawa have agreed to a plan to strengthen Canada’s emergency preparedness plans. In a meeting chaired by Deputy Prime Minister Anne McLellan and Ontario Minister of Community Safety Monte Kwinter, provincial and territorial ministers…
Government to invest $850,000 in B.C. tsunami warning system
January 18, 2005 by Canadian UnderwriterThe Canadian government Tuesday said it would earmark $850,000 to help the B.C. provincial government beef up its tsunami warning system.Public Safety and Emergency Preparedness Canada (PSEPC) will set aside $350,000, while Indian and Northern Affairs Canada will kick in…
Insurers to pay US$85 million for “Christmas” storm in Ohio
January 13, 2005 by Canadian UnderwriterAlthough far overshadowed by the December 26th Indian Ocean tsunami, Ohio experienced severe weather just before the Christmas holiday, and the price tag for insurers is likely to top US$85 million.The Ohio Insurance Institute (OII) says the US$85 million is…
Seeking Shelter
October 1, 2004 Paul Kovacs and Ian CampbellHurricanes in focus
The Ethical Choice in Risk Management
September 1, 2004 Garry McDonellEthical dilemmas are a reality in the risk management profession. How prepared are you as risk manager – as well as the organization that you work for – in responding to the ethical “gray areas” of operational decisions?
Protecting the Proctectors Fiduciary Liability Coverage
September 1, 2004 Rob Bickerton“Every right implies a responsibility – every opportunity, an obligation… Every possession – a duty.” – John Rockefeller. Is your employer-sponsored retirement plan safe? Are those you have entrusted with the responsibility to look after your retirement funds doing their duty?
Frances latest fear in Atlantic hurricane season
August 30, 2004 by Canadian UnderwriterAs Floridians continue to rebuild following Hurricane Charley, another intense storm is following in his tracks. Hurricane Frances, which as of Monday was classified as a category three storm, has the potential to hit Florida over the Labor Day weekend.On…
Peterborough flood claims to top $71 million
August 5, 2004 by Canadian UnderwriterEarly claims estimates resulting from the recent Peterborough, Ontario floods show insurers paying out close to $71 million, says Eve Patterson, regional manager for the Insurance Bureau of Canada (IBC). Patterson says with the major writers having reported thus far,…
July Storms Land Insurers With $158 Million-Plus Tab
August 1, 2004 by Canadian UnderwriterTwo massive summer storms struck insurers a hefty blow in July with the total insured loss pegged at around $158 million, according to preliminary data collected by the Insurance Bureau of Canada. The first storm brought heavy rain and hail…
Views (August 01, 2004)
August 1, 2004 by Canadian UnderwriterCARSTAR Automotive Canada teamed up with “Young & The Restless” star Melody Thomas Scott (Nikki Newman) to kick-off the first annual CARSTAR “Soaps it Up for Cystic Fibrosis” National Car Wash. CARSTAR shops across Canada raised more than $30,000 for…