Lloyd’s in talks to insure “tourist” space flights
April 3, 2006 by Canadian UnderwriterLloyd’s is apparently in discussions to insure the first “tourist” flights into space in 2008.Virgin is proposing to launch the space flights for tourists from a site in New Mexico, and media reports have indicated that Lloyd’s are among the…
Truckers call for better enforcement against speeding trucks
April 1, 2006 by Canadian UnderwriterThe Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law enforcing the…
Speeding trucks slow within Canadian borders
March 14, 2006 by Canadian UnderwriterThe Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The Alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law making it…
Sceintists called on to counter bioterrorism risk
February 27, 2006 by Canadian UnderwriterIn a report released Feb. 27, “DNA for Peace: Reconciling Biodevelopment and Biosecurity,” experts at the Canadian Program on Genomics and Global Health (CPGGH), part of the University of Toronto’s Joint Centre for Bioethics (JCB), calls for a global network…
Chronicle of Perils Foretold
February 1, 2006 David GambrillIncreased scrutiny leads to cat model sophistication
Crystal Ball 2006
February 1, 2006 by Canadian UnderwriterCIP Society Toronto Chapter Seminar
Most Canadians take the drunk out of driving
December 22, 2005 by Canadian UnderwriterAccording to The Road Safety Monitor the Traffic Injury Research Foundation’s national public opinion poll fewer Canadians are driving after drinking, but the problem still persists.The poll shows that the vast majority (85%) of Canadians haven’t driven after drinking at…
Tough Sledding
December 1, 2005 Craig HarrisPlowed under by the recent hard market, snowmobilers and their provincial associations have slammed into insurance affordability and availability issues. Snowmobile associations say solutions must go beyond insurance to address risk management and legal liability protection for trail volunteers.
Constructing the Niche
August 1, 2005 Doug McIntyre, CEO, and Mark Sylvia, executive vice president, Echelon General Insurance CompanyThe segmentation of products and markets has been quietly evolving in the insurance business over the past 30 years. Catalysts for change toward an increasingly segmented industry structure include competition, expense control and the specialization of business. As a direct result niche product markets were born, evolving into three unique categories – ancillary, affinity and surplus line products.
Digging Deeper Into Oil Spills
August 1, 2005 Bert Wood, president, ESRSGreater environmental awareness, tighter regulatory standards and pressure from banks and lending institutions on real estate transactions mean that risk managers and homeowners must pay close attention to oil spills, contamination and proper remediation. The alternatives can be financially disastrous.
Standard and Poor’s rates high excess casualty risk
July 28, 2005 by Canadian UnderwriterCapital markets minimize exposure to catastrophic insurance risks and as a result, public and private equity investors are buying notes exposed to natural peril and mortality catastrophic risks with high excess casualty exposure recently being securitized and rated by Standard…
Antarctic polluters liable for environmental damage
June 15, 2005 by Canadian UnderwriterAn international treaty has recently been developed to protect the Antarctic environment and under this pact, anyone who causes an environmental accident in the region will be held liable, according to the government of New Zealand the country chaired negotiations…