Financial MANAGEMENT LIABILITY
February 1, 1999 Shelley BoyesBugs, big deals, bad spills and a certain public official’s sexual high crimes and misdemeanors were all key factors driving the corporate insurance market throughout 1998. And the same scary financial exposures will likely be very much in the minds…
SIZING UP IN: a TUG of WAR
January 1, 1999 Lowell ConnA battle of brawn and wits has begun among service providers to the insurance industry in response to the rapid consolidation taking place at the primary company level.Faced with a changing landscape, service providers are looking for new opportunities and…
A fair shake?
January 1, 1999 Don Turner, an Adjusting ConsultantI am often asked what my profession is. Instead of saying, “insurance adjuster” I often respond “an arson investigator”. I choose the latter for simplicity and to avoid a volley of complaints from the public over perceived injustices in the settlement of claims.
RIBO meeting stresses industry SELF-REGULATION
January 1, 1999 Sean van Zyl, EditorThe last six years have seen dramatic change in the structure and method of business of the property and casualty insurance industry. These “winds of change” sweeping through the industry are primarily a result of the unprecedented consolidation activity and…
ALERT Fraud 2000
January 1, 1999 by Canadian UnderwriterBy Stephen Markson, a director of Forensic Systems Group and Craig Malcolm, managing partner of Forensic Accounting & Investigative Services Regardless of whether the new millennium starts on January 1, 2000 or 2001, its advent will provide abundant opportunities for…
GA & Vector strike pact
January 1, 1999 by Canadian UnderwriterListed broker-network Vector Intermediaries Inc. has struck a deal with General Accident Group (GA) which could cure the network’s cash woes. The deal, which could inject up to $35 million into Vector’s coffers, includes a $20 million loan facility made…
Coming Events (January 01, 1999)
January 1, 1999 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Insurance Institute of Ontario:…
BELAIRdirect goes online
January 1, 1999 by Canadian UnderwriterBELAIRdirect, a division of ING Canada, has raised the stakes in direct insurance by going to the Internet as a means of distribution. The direct writer launched its online car insurance quotation system in December. The first of its kind…
THE ADJUSTERS’ DIPLOMAT
January 1, 1999 by Canadian UnderwriterCounting both independent and in-house insurance adjusters among its member base, the Ontario Insurance Adjusters Association (OIAA) requires a special breed of leader. The captain of this team must respect and grasp the sometimes contradictory priorities of its different faction members. Garth Roscoe is the leader as well as referee on the adjusting field.
Insurer concerns taxi for take off
January 1, 1999 Sean van Zyl, EditorConsolidation and cost cutting became the corporate buzzwords of the 1980s and 1990s, with operators from insurance to retail-chains through to the aviation industry embracing downsizing and cheaper marketing and delivery systems. The aviation business emerged from this process, particularly…