Writing e-Law into the books
March 1, 2001 Vikki SpencerAs the world of insurance moves online, new laws are being established to validate online transactions, as well as protect consumer interests. Electronic signature and privacy legislation being enacted at both the federal and provincial levels will challenge the industry…
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…
WIRELESS CLAIMS BEYOND THE INTERNET
February 1, 2001 Larry Snipes, director of product development and general insuraThe brave new world of the Internet brought a scope of accessibility never before experienced. And, just as insurers are beginning to grasp all that the Internet has to offer, the digital world is opening even more doorways with the…
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…
BUSINESS DISRUPTION: Risk Management for SMEs
September 1, 2000 Sean van Zyl, EditorEstimates suggest that roughly 65% of Canadian small to medium size enterprises (SMEs) engaged in manufacturing currently do not have equipment breakdown coverage, according to research by the Boiler Insurance and Inspection Company of Canada (BI&I). Clearly the owners of…
Walkerton: a risk management nightmare
September 1, 2000 William Blakeney, senior partner at Blakeney Henneberry BakshThe dramatic incident that took place in Walkerton, Ontario during the final two weeks of May, 2000 will go down in history as a tragic example of the suffering and disruption that can occur when municipal and provincial agencies fail to act on system safeguards. The events that led up to the contamination of Walkerton’s water supply present valuable lessons in risk management as well as serious considerations for insurers underwriting municipal risks.
Exploring management myths
August 1, 2000 AxiomSitting at the head table in the hotel’s convention room, I felt a quick stab of uncertainty. I had agreed to be a guest speaker at this broker management seminar staged by our provincial brokers’ association. As my company’s senior…
CORRECTION (May 01, 2000)
May 1, 2000 by Canadian UnderwriterIn February’s Moves and Views, an incorrect address was given for the Property and Casualty Insurance Compensation Corporation’s website. The correct address is www.pacicc.com. CU regrets the error.
CORRECTION (March 01, 2000)
March 1, 2000 by Canadian UnderwriterIn the January Moves & Views, CU incorrectly reported Zycomp Systems Ltd. recorded the first-ever sale on the trade show floor at 1999’s Insurance Brokers Association of Ontario convention. We regret the error.
CORRECTION (January 01, 2000)
January 1, 2000 by Canadian UnderwriterIn December’s Moves & Views, The Insurance Brokers Association of Canada 1999-2000 management committee (pictured here) was improperly identified as the Insurance Bureau of Canada’s 1999-2000 management committee. CU regrets the error.
Balancing the books on Y2K LITIGATION
October 1, 1999 Steve Hammond, leader of commercial underwriting practices at RoDoes the next millennium begin officially on January 1, 2000 or January 1, 2001? That debate is better left to the academics. What is certain is that January 1, 2000 is the date computers must recognize. It is also the…
The Future of Financial Services Regulation
October 1, 1999 Michael HlinkaLast June the federal government released its white paper on financial services regulation. While the gist of the paper was very much in favor of protecting the existing rights of members of the property and casualty insurance industry, contained within…