Pharmaceutical insurers migrating north
November 12, 2007 by Canadian UnderwriterPharmaceutical insurers underwriting huge liabilities and risks in the United States are migrating to a much-friendlier climate in Canada, according to a report by A.M. Best. Canadas feature attraction is that its legal environment is much more predictable than that…
Beacons
November 1, 2007 Vanessa Mariga and Laura Kupcis.Broker and insurer CEOs charted a course at the 2007 RIMS Canada Conference in Halifax through the murky waters of contingent commissions, terrorism, contract certainty, quicker service delivery and climate change.
Hosted Web-Based Solutions
November 1, 2007 Chris Coons and Pat DureposHow Web-based solutions can make insurance brokers more efficient
Tsunamis after next Cascadia earthquake might be more damaging than ground shaking
October 5, 2007 by Canadian UnderwriterGround shaking caused by the next predicted Cascadia earthquake off the western coast of British Columbia is expected to result in losses of between US$40 and US$60 billion and damage losses resulting from the accompanying tsunami waves could be even…
Stepping Stones
October 1, 2007 Vanessa MarigaRodney Hancock, IBAO incoming president, has a long road ahead of him to tackle issues of brokerage ownership and succession, but he’s confident that in the coming year the association will be well on its way.
Contract certainty and shorter service time are key
September 17, 2007 by Canadian UnderwriterContract certainty and shortening service time are key areas to focus on in an effort to improve the service the insurance industry offers its customers, the insurers panel told delegates at the RIMS Canada Conference in Halifax, Nova Scotia. Richard…
The Inevitability of Market Cycles
September 1, 2007 by Canadian UnderwriterAt an industry meeting some time ago, I heard someone say: “Insurance is the Shiva of Capital.” I am not a student of world religions, but the reference to the Hindu deity that is both the “destroyer and restorer” of…
What’s New: In Brief (August 30, 2007)
August 30, 2007 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) teamed up with the Ontario Provincial Police (OPP) and several regional police forces to uncover a substantial auto theft ring in the Toronto area, recovering more than Cdn$1.5 million worth of stolen vehicles.The joint-force,…
Lack of underwriting discipline in commercial P&C industry: CIAB survey
August 28, 2007 by Canadian UnderwriterCommercial property-casualty insurance rates continued their free-fall during 2007 Q2 in a marketplace environment described as totally unpredictable in terms of pricing and underwriting, according to a commercial market index survey by U.S.s Council of Insurance Agents & Brokers (CIAB).…
Directors & officers concerned about extra-territorial litigation
August 21, 2007 by Canadian UnderwriterNew developments in extra-territorial jurisdiction, stock options backdating and claims against European companies are becoming major areas of concern for company directors, according to a recent publication of Willis Group Holdings. The Willis Boardroom Guide 2007 is published by the…
What’s New: In Brief (July 18, 2007)
July 18, 2007 by Canadian UnderwriterZurich has created a mergers and acquisitions (M&A) unit designed to offer customized products and services to help companies manage M&A transaction-related risks. The unit is part of Zurichs Global Corporate business division and currently fully operational in the U.S.worldwide…
Guy Carp forced to take case across the pond
July 13, 2007 by Canadian UnderwriterThe UKs Court of Appeal handed down judgement that three former Guy Carpenter executives who defected to competitor Integro must be sued in the UK, where they live and work, not in New York, where Guy Carps parent company is…