Growing trend toward seeking punitive, personal legal action against corporate leaders: AGCS
November 28, 2016 by Canadian UnderwriterNew and emerging risks are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, notes a new global report issued Monday by Allianz Global Corporate & Specialty (AGCS). “There is a growing…
U.S. mergers and acquisitions activity expected to remain steady in 2017: KPMG
November 17, 2016 by Canadian UnderwriterMerger and acquisition (M&A) activity in the United States is expected to remain steady in 2017 compared to the deal levels of 2016, according to a recent survey by audit, tax and advisory firm KPMG LLP. Of the 94 respondents…
Transition away from industry-funded studies prompts Hamilton Health Sciences to set up captive insurer
May 29, 2016 Greg Meckbach, Associate EditorA trend away from medical trials initiated by drug manufacturers towards investigator-initiated trials is one reason officials with Hamilton Health Sciences Corporation decided create a captive insurance company, a speaker told attendees at last week’s Captives and Corporate Insurance Strategies…
Supreme Court CIBC ruling ‘generally a good development’ for D&O insurers: IBC
December 7, 2015 by Canadian UnderwriterA recent Supreme Court of Canada decision, on the interpretation of Ontario’s Securities Act, is “generally a good development” for directors’ and officers’ liability insurers, a lawyer representing Insurance Bureau of Canada suggested Monday, despite that fact that the court…
US official says China should pay price if it breaks deal to curb economic cyber espionage
November 12, 2015 Tami Abdollah - THE ASSOCIATED PRESSWASHINGTON – The U.S. could consider criminal charges or sanctions against China if the U.S. determines hackers there are violating an agreement not to conduct economic cyber espionage on American industry, a senior Justice Department official said Tuesday. The remarks…
U.S. Department of Justice lays charges in connection with largest-ever theft of customer data from a U.S. financial institution
November 11, 2015 by Canadian UnderwriterThe United States Department of Justice announced on Tuesday that three men have been charged in connection with the JPMorgan Chase & Co. cyberattack last year. Loretta E. Lynch, the Attorney General of the United States and Preet Bharara, the…
Report by cybersecurity firm points to continued hacking on US companies despite China pledge
October 19, 2015 Ken Dilanian - THE ASSOCIATED PRESSWASHINGTON – Chinese hacking attempts on American corporate intellectual property have occurred with regularity over the past three weeks, suggesting that China almost immediately began violating its newly minted cyberagreement with the United States, according to a newly published analysis…
Marine cat model includes vulnerability curves for cargo
September 14, 2015 by Canadian UnderwriterAon Benfield announced Monday a catastrophe model, for marine and energy insurers, which includes databases on major ports and vulnerability curves for different types of cargo. London-based Aon plc stated that its reinsurance intermediary unit partnered with Risk Management Solutions…
Custom Output
April 1, 2015 Marc-Andre Giguere, National Insurance Leader, EY CanadaIn today’s data-rich environment, property and casualty insurers have an unprecedented opportunity to move beyond a one-size-fits-all approach, and tailor newer, more profitable offerings based on each customer’s usage and needs. The key to future profits may lie buried in the data that insurers already have.
The Liability Line
September 30, 2014 Craig Harris, Freelance WriterCasualty premiums account for roughly 10 per cent of the overall insurance market in Canada. However, the severity of long-tail liability claims can put disproportionate pressure on adjusters to effectively manage and adjudicate losses. Key risks, such as asbestos and tobacco, have had a huge impact on insurance companies when it comes to reserving for future claims. What are the current risks that insurers and independent adjusters should have on their radar screen? And what emerging exposures may cross the liability line?
Adjusting for Angst
January 31, 2012 byResponding to Psychological Injury Claims
Not My Fault:
November 30, 2010 byDefences to Product Liability Claims;