Canadian Underwriter

Franklin, Virginia under six feet of Hurricane Floyd flood water. Photo by Liz Roll/ FEMA News Photo.

U.S. insurers hit by Floyd

October 1, 1999 by Canadian Underwriter

U.S. property and casualty insurers will pay homeowners and businesses an estimated $1.3 billion for insured property damage caused by Hurricane Floyd, according to preliminary calculations by the Insurance Services Office Inc. Hurricane Floyd hit 16 states, from Florida to


AIG’s first Canadian Product Fair

June 1, 1999 by Canadian Underwriter

AIG recently held it’s first Canadian Product Fair in Toronto at the Roy Thompson Hall. Greg Flood (pictured), president of AIG’s mergers & acquisitions division, was one of several speakers addressing the 600 attendees. Flood points out that the surge


Extreme Perils

June 1, 1999 Sean van Zyl, Editor

Natural disasters such as extreme weather, a volcanic eruption or an earthquake, are often quaintly referred to in the insurance world as “Acts of God”, adverse events which are seemingly unexplainable or beyond man’s control. Noticeably, the economic and insurance


Banks will be hard to regulate, says Cooke

April 1, 1999 by Canadian Underwriter

Property & casualty insurance is a pure risk product that must be kept separate from the financial, wealth management and investment-based services provided by life insurers and banks, George Cooke, president of Dominion of Canada General Insurance Company, told a