Canadian Underwriter

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What’s New: In brief (June 15, 2005)

June 15, 2005 by Canadian Underwriter

Flood registration centers recently opened to assist Albertans who have been impacted by recent flooding. Claims can be made at any registration center call 1-888-671-1111 for more information on the claims process. The $55 million disaster recovery program covers damage

News Climate ChangeInsurance

What’s New: In brief (June 10, 2005)

June 10, 2005 by Canadian Underwriter

FGIC Corp. recently appointed Eric Rosensweig to the position of managing director, international finance. Offering seven years of experience with MBIA, Rosensweig will be responsible for new business opportunities in the emerging markets and Canada. Most recently, he served as

News Climate ChangeInsurance

Alberta residents to receive financial aid on uninsurable flood damage

June 9, 2005 by Canadian Underwriter

In response to damages incurred from recent flash floods in southern Alberta, the province has approved a $55 million disaster recovery program. The funds will aid residents of 17 Alberta municipalities and three First Nations, compensating for uninsurable severe weather-related

News Climate ChangeInsurance

IBC releases flood precaution advisory for Alberta

June 8, 2005 by Canadian Underwriter

A recent advisory released by the Insurance Bureau of Canada (IBC) warns policyholders in southern Alberta to prepare in advance of possible flooding.Policyholders are told to contact their insurance company or representative as soon as possible if flooding occurs and

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What’s New: In brief (June 08, 2005)

June 8, 2005 by Canadian Underwriter

The Spencer Educational Foundation Inc. recently established a memorial scholarship fund in honour of Thomas M. Regan, a former RIMS chapter president, who was killed on September 11, 2001, in the World Trade Centre attacks. The New York Chapter of

News Climate ChangeInsurance

U.S. homeowners under-insured against hurricane losses

May 16, 2005 by Canadian Underwriter

With more than 68 million people living in hurricane-prone areas of the U.S., many homeowners are inadequately insured, warns the Insurance Information Institute (III) as the 2005 hurricane season is set to begin in June. Last year, the eastern seaboard


Promoting Resilient Homes

May 1, 2005 Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction

The intensity and frequency of severe weather events is increasing globally. Concentrated population growth is also rising – particularly in areas which are more weather disaster prone. Can the insurance industry positively influence social developments to promote safer living? I believe it can and should play a crucial role in this regard.

News Climate ChangeInsurance

What’s new: In brief (April 17, 2005)

April 17, 2005 by Canadian Underwriter

Florida’s state-run windstorm insurer of last resort, Citizen’s Property Insurance Corp., says it will face a US$516 million shortfall in its account following last year’s unprecedented hurricane season. The shortfall could result in every insured homeowner in the state paying

News Insurance

U.K. non-life market strong, but not for long: Fitch

April 5, 2005 by Canadian Underwriter

The U.K. non-life insurance market has enjoyed stronger results in the past two year, but this kind of improvement is unlikely to last, predicts Fitch Ratings.In a new report, “Enjoy it While it Lasts but not too much”, the rating

Andreas Wagner, director of environmental health & safety

Preventing Mold Losses

March 1, 2005 Andreas Wagner, and Tom Park

Recent scientific and legal developments have started to push mold damage in buildings up on the agendas of many insurance companies.


Taking a Closer Look

March 1, 2005 Terry Neilson

While many insurance companies talk of risk assessment and underwriting, few have taken advantage of technology solutions to integrate loss inspection reports into their workflow.

Amateur video shows the December 26, 2004 tsunami's waves crashing into Phuket, Thailand.

Tsunamis Echoes of the Waves

February 1, 2005 Vikki Spencer

The 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.