CYBER-EXPOSURE a risky business
March 1, 2001 Vikki SpencerCorporate takeovers. Plummeting stock prices. Falling profits. These used to be the primary fears of the corporate world. Today, enemy number one could be a fourteen-year-old sitting in front of a home computer with the power to bring business to…
Accountability
March 1, 2001 Sean van Zyl, EditorAsk any one of two million grumbling Californians who were recently suject to power blackouts as to why they are not currently overly fond of their local politicians and civil servants, and you will find that the list of complaints…
A NEW ORDER VALUE OR LOST OPPORTUNITY?
March 1, 2001 Sean van Zyl, EditorComing years will see increased attention being brought to bear on the service performance of the claims management side of the insurance business, delegates who attended the recently held Canadian Insurance Claims Managers Association and Canadian Independent Adjusters Association joint…
Back-To-Basics on LOSS PREVENTION
March 1, 2001 Owen Kurin, loss prevention manager at The Citadel AssurancePreventing loss and detecting fraud – if the formula for achieving these two goals could be found, the insurance industry would be out of business. However, the knowledge insurers gain from experience can be used effectively to help clients reduce…
Feds respond to disaster mitigation
March 1, 2001 by Canadian UnderwriterThe federal government has taken an important step forward toward natural disaster mitigation with the creation of a new disaster handling agency, the Office of Critical Infrastructure Protection and Emergency Preparedness (OCIPEP), says the Insurance Bureau’s president George Anderson. “This…
BRIDGING the paper – digital document divide
March 1, 2001 Robert Finlay, director and general manager, financial services,The spread of computer technology in the business world brought with it the promise of the “paperless” office. But, as it turns out, a great future of hyper efficiency and zero waste has become buried under a mountain of paper.…
2000 cat losses near record low
March 1, 2001 by Canadian UnderwriterThe insured cost of catastrophic losses for 2000 in the U.S. fell below the past 10-year average to a low of US$4.3 billion, according to the Insurance Services Office (ISO). Last year’s cat loss in value terms was 53% below…
THE BIG CHILL
February 1, 2001 Sean van Zyl, EditorHOLDING STATE MONOPOLIES ACCOUNTABLE
Canadian final numbers support hardening
February 1, 2001 by Canadian UnderwriterThe final results released by StatsCan on the performance of the Canadian property and casualty insurance industry through to the end of the second quarter of last year removes any doubt that the market has entered into a broad price…
Underwriting losses plague U.S. insurers
February 1, 2001 by Canadian UnderwriterU.S. property and casualty insurers saw their net income for the first nine months of last year fall by 5% to US$16.5 billion compared with US$17.4 billion reported for the same period in 1999, according to the Insurance Services Office…
WIRELESS CLAIMS BEYOND THE INTERNET
February 1, 2001 Larry Snipes, director of product development and general insuraThe brave new world of the Internet brought a scope of accessibility never before experienced. And, just as insurers are beginning to grasp all that the Internet has to offer, the digital world is opening even more doorways with the…
Third-quarter results stall on claim losses
January 1, 2001 by Canadian UnderwriterThe Canadian property and casualty insurance industry’s net income for the first three quarters of 2000 rose by 9% to $261 million against the $239 million reported at the end of September 1999. This modest growth in earnings for the…