Risk distribution for catastrophes must change: Munich Re
April 13, 2006 by Canadian UnderwriterA recent Munich Re report says “existing mechanisms for distributing the risk between the private insurance sector, the state, and the federal government should be reconsidered” in light of the hurricane seasons of 2004 and 2005.The report, entitled ‘The 1906…
Homeowners and Natural Hazards
January 1, 2005 Paul KovacsHow well do Canadian homeowners understand insurance coverage for natural hazards? Would they like their insurance companies to send them information about hazard safety? Do homeowners approve of insurance companies funding loss prevention research? These are questions the Institute for…
Cyber Wars
August 1, 2004 Barb SzychtaPart of being competitive in today’s business world means having a stake in the ever-expanding cyber universe. But as the virtual world grows, so do the potential sources of risk.
B.C. forest fires claim 80 homes, sawmill
August 6, 2003 by Canadian UnderwriterFires that continue to rage through B.C. are making it difficult for emergency crews and adjusters to reach affected areas and thus come up with an estimate of damage.As of the first week of August, about 335 fires still burned,…
B.C. Fires Wreak Multi-Million Dollar Losses
August 1, 2003 by Canadian UnderwriterIn what is reported to be the worst forest fire to hit B.C. in the past 50 years, a widespread blaze has caused the evacuation of several towns and even invaded into neighboring Alberta. Although damage is expected to run…
Homeowner Property Losses: Underwater
January 1, 2003 Susan Vella, senior vice president of personal insurance at ChubWater-related losses on homeowner property covers seem to be seeping increasingly into the red-ink. While insurers have been battling the onslaught of losses arising from auto business, water poses a new threat to personal property covers, one which insurers can…