D&O and fiduciary covers top risk manager concerns
April 10, 2003 by Canadian UnderwriterDirectors’ & officers’ (D&O) and fiduciary insurance coverage continue to be a sore spot for risk managers, according to the new Risk and Insurance Management Society (RIMS) Benchmark Survey. For the first time, the survey is delivering virtually real-time results…
Expatriate Employees in a World of Risk
March 1, 2003 Daniel Anber, president of XN Holdings, Inc.As a growing number of multi-national corporations relocate key executives on overseas assignment, they are increasingly faced with a challenging array of strategic risk exposures.
A.M. Best affirms ratings of Gerling primary cos. (February 01, 2003)
February 1, 2003 by Canadian UnderwriterRating agency A.M. Best has affirmed its “A- (excellent)” financial rating of Gerling-Konzern Allgemeine Versicherungs AG (GKA) and its primary insurance subsidiaries of Gerling Canada Insurance Co. and Gerling America Insurance Co. A.M. Best cites Gerling’s leading position in industrial…
A.M. Best affirms ratings of Gerling primary cos. (January 07, 2003)
January 7, 2003 by Canadian UnderwriterRating agency A.M. Best has affirmed its “A- (excellent)” financial rating of Gerling-Konzern Allgemeine Versicherungs AG (GKA) and its primary insurance subsidiaries of Gerling Canada Insurance Co. and Gerling America Insurance Co.A.M. Best cites Gerling’s leading position in industrial insurance…
Claims Management Strategies 2003: Competing Interests
January 1, 2003 Vikki SpencerWhat promised to be the “year of the rebound” in 2002 was anything but. Despite price hardening, claims have continued to grow, particularly with never-ending medical payouts on auto claims. And, this is just the tip of the iceberg facing…
Fairfax implements radical cuts at TIG
January 1, 2003 by Canadian UnderwriterFinancial services giant Fairfax Financial Holdings (TSX: FFH) is restructuring its U.S.-based TIG Insurance Group, a move which will see group assets transferred back to the parent company. The move will also impact Fairfax’s subsidiaries Commonwealth Insurance Co. and reinsurer…
Facility seeks 41% rate increase in Newfoundland
December 10, 2002 by Canadian UnderwriterThe industry’s pool for insuring high-risk drivers is asking the Newfoundland Public Utilities Board to approve a 41% hike in rates in that province.The Facility Association (FA), which offers mandatory insurance coverage to drivers who have been refused in the…
Government works towards risk management program for farmers
December 5, 2002 by Canadian UnderwriterIn the wake of devastatingly bad conditions, both drought and flood, damaging crops this year, governments are working towards a risk management program for the agriculture industry.This week, federal, provincial and territorial agriculture departments met to review proposals on the…
Legislation sets timetable for UV project
November 11, 2002 by Canadian UnderwriterAmong the changes included in last week’s introduction of Bill 198 in the Ontario legislature is a countdown for the industry’s Uninsured Vehicles project.Through changes to the province’s Compulsory Automobile Insurance and Highway Traffic acts which stand to be passed…
Ontario auto insurance reform debuts to mixed reaction
November 1, 2002 by Canadian UnderwriterMuch anticipated Ontario auto insurance reforms have been put before the legislature with the view of having legislation enacted by the beginning of next year. Auto insurers, represented by the Insurance Bureau of Canada (IBC), say they “applaud” the actions…
Toxic Mold Claims: Covering the Bases
November 1, 2002 Vikki SpenceEvents in the Texas homeowners’ insurance market have sent a chill through the North American insurance industry – multi-million dollar court awards, big company withdrawals, exclusion debates. In Canada, insurers have seen the mold threat coming as they watch their U.S. counterparts struggle to keep pace with this emerging peril. And, while there is agreement that mold has the potential to hit the Canadian market just as hard, insurers are looking south to learn from the U.S. example before it becomes too late.
IBC applauds Ontario auto reform
October 30, 2002 by Canadian UnderwriterThe much anticipated Ontario auto insurance reforms have now been put before the legislature and the industry’s lobby body is pleased.Reacting to the news that Ontario Finance Minister Janet Ecker has tabled legislation that will allow future changes to the…