Extreme Perils
June 1, 1999 Sean van Zyl, EditorNatural disasters such as extreme weather, a volcanic eruption or an earthquake, are often quaintly referred to in the insurance world as “Acts of God”, adverse events which are seemingly unexplainable or beyond man’s control. Noticeably, the economic and insurance…
Letters (March 01, 1999)
March 1, 1999 by Canadian UnderwriterDear editor: The following correspondence has been sent by Noble Insurance, an Ontario-based insurance brokerage, to Robert Gunn, president of Royal Insurance Company of Canada, Noel Walpole, president of Economical Insurance Group, Robert Landry, president of personal finance solutions at…
ING strengthens B.C. position
February 1, 1999 by Canadian UnderwriterING Canada, through its Calgary-based subsidiary Western Union Insurance, has entered into a strategic alliance with B.C.-based BCAA. Under the agreement, ING will purchase BCAA’s subsidiary, BCAA Insurance Corporation, for undisclosed terms. BCAA will continue to sell home and auto…
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…
DCLI captures first policy
January 1, 1999 by Canadian UnderwriterDCLI Underwriters has issued its first policy under its new program, Defendant’s Commercial Litigation Indemnity (DCLI), president Pierre Gregoire recently told Canadian Underwriter. DCLI insures pending litigation that is either uninsured or underinsured. “In this case, the litigation was totally…
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…
Canadian Perspective
January 1, 1999 by Canadian UnderwriterThe Canadian aviation insurance market is relatively small in the global picture, notes Mike Wills, manager of marine and aviation at Royal & SunAlliance. The Canadian industry’s total aviation net premiums amounted to Cdn$83.8 million for 1997 compared with the…