Registry goes ONLINE
February 1, 2000 Lowell ConnThe North American Export Committee (NAEC) brought car theft stakeholders together to discuss the crisis on a continent-wide level. Canadian insurers, though, continue to do battle with car thieves on this side of the border, relying on a variety of…
Technology: Reaching for the Future
February 1, 2000 Lowell ConnThe answer to industry automation might never have been the Synchron Project or any vendor based initiative. There is rising sentiment that it always was the internet. This industry-wide realization has struck home, and insurers are now rushing to get…
Up In Smoke
February 1, 2000 Sean van Zyl, EditorThe fact that one of Hollywood’s recent creations “The Insider”, which is based on behind-the-scenes dirty tricks employed by opposing parties in the U.S. anti-tobacco wars, achieved such box office success clearly indicates rising public interest in tarring cigarette manufacturers…
ReplacementFinder joins the e-business fold
February 1, 2000 Kathryn SchroederFinding replacements for insured damaged products, at competitive prices, is a constant challenge to the insurance industry. The costs can have a severe affect on company bottom lines. “If adjusters had the ability to comparison shop among competing suppliers in…
Federation purchase boosts Economical to fifth spot
February 1, 2000 by Canadian UnderwriterThe Economical Insurance Group has signed an agreement to purchase Montreal-based auto and property insurer Federation Insurance Company of Canada, a transaction that boosts the Waterloo-based company to number five nation-wide in total premium volume. Federation’s written premium is expected…
On The Move (February 01, 2000)
February 1, 2000 by Canadian UnderwriterQueensway Financial Holdings Limited has announced the appointment of Glenn Gibson as chief financial officer of Queensway replacing Cathy Wilson. Gibson brings more than 17 years of financial management to his new role. Chubb & Son vice president John Owens,…
After market parts litigation hits Canada
February 1, 2000 by Canadian UnderwriterInsurance companies in Canada are feeling the impact of the late 1999 U.S. aftermarket parts class action trial that resulted in a $1.18 billion award against State Farm Insurance. The insurer was found to have failed to perform its obligation…
Halifax presents new broker models
January 1, 2000 by Canadian UnderwriterResponding to a market survey of insurance brokers across Canada, ING Halifax is offering brokers three different partnership models in the coming years, Don Lough, ING Halifax president, told lunch guests at a recent Metropolitan Toronto Insurance Brokers meeting. ING…
GETTING TO GRIPS WITH CLAIMCOSTS
January 1, 2000 Sean van Zyl, EditorWith little room to maneuver on premium growth and enhancing investment returns, property and casualty insurers are likely to turn their attention in the year ahead to better risk selection and improved claims handling efficiency to boost bottom-line performance, industry…
Your Frontline Partner
January 1, 2000 Sam Malatesta Vice President, Marketing & Insurance Relations, CHow insurers treat customers when it counts most will be a critical marketing element that will lead to brand recognition and brand loyalty for all those involved in the insurance distribution channel.
Commercial Risk Under JIT
January 1, 2000 by Canadian UnderwriterThe “just-in-time” (JIT) efficiency supply process has over recent years become more than just a popular fad among manufacturers, it has become an engraved business philosophy having produced significant operating savings to companies. However, when evaluating commercial coverages, insurers need to carefully weigh up all the risk factors associated with JIT.
Political Tremors
January 1, 2000 Sean van Zyl, EditorWelcome to a bright new bushy-tailed beginning of a year, or for that matter a new millennium, depending on your sentimental versus mathematical calculation. And, indeed, it would appear to be a bright year ahead, with fat company surpluses on…