Reinsurers on Canada’s Primary Market: Rate Spiral
November 1, 2007 by Canadian UnderwriterReinsurers see greater catastrophe exposures and a renewed emphasis on insurance to value in the future, causing them to wonder how much further primary insurance rates will continue to spiral in the meantime
Ahead of the Curve
October 1, 2007 David GambrillIBC’s incoming president, Mark Yakabuski, wants the insurance trade organization to be ahead of the curve when it comes to auto insurance reforms and discussions with governments about climate change
Adjusting the Process
September 1, 2007 Vanessa MarigaAdjusters are dismissing the entrance of third party claims agencies into the Canadian market as a passing fad
Analyzing Policy Coverage
August 1, 2007 byA Series of Articles Provided by the Insurance Institute of Canada
Identity Crisis
June 1, 2007 Craig HarrisA range of identity theft coverage options exist for home and business owners, and insurance policies generally focus on recouping expenses for those caught in the web of cyber theft. But some people are asking: Is the coverage worth the cost?
The Ides of Winter
February 1, 2007 Vanessa MarigaA ‘blitzkrieg’ of unrelenting storms in B.C. leads to more than 9,000 claims and about Cdn$130 million in damages
Lousiana judge says flooding not excluded from policies
November 29, 2006 by Canadian UnderwriterInsurers are responsible for paying out flood claims filed as a result of Hurricane Katrina, a Federal Court Judge in New Orleans has ruled.Justice Stanwood R. Duval, Jr. overturned an initial court ruling that insurers are exempt from flood claims…
What’s New: In brief (September 08, 2006)
September 8, 2006 by Canadian UnderwriterAmerican International Group Inc. recently hired Anastasia D. Kelly as its new executive vice-president, general counsel and senior regulatory and compliance officer. Kelly most recently served as executive vp and general counsel at MCI/WorldCom. Previously, she was the senior vp…
Munich Re calls for changes to risk-sharing
May 1, 2006 by Canadian UnderwriterA recent Munich Re report says “existing mechanisms for distributing the risk between the private insurance sector, the state, and the federal government should be reconsidered” in light of the hurricane seasons of 2004 and 2005. The report, entitled ‘The…
Risk distribution for catastrophes must change: Munich Re
April 13, 2006 by Canadian UnderwriterA recent Munich Re report says “existing mechanisms for distributing the risk between the private insurance sector, the state, and the federal government should be reconsidered” in light of the hurricane seasons of 2004 and 2005.The report, entitled ‘The 1906…
What’s New: In brief (March 28, 2006)
March 28, 2006 by Canadian UnderwriterRoland Reesby has been appointed to the position of vice president of operations for Munters Moisture Control Services (MCS), a division of Munters AB. Based in LA, Reesby will oversee all MCS sales and support functions to ensure continued growth…
Turning Up the Heat
February 1, 2006 Alan Forbess, President of Criterion EnvironmentalNew Remediation Process for Water Damage Could Save Insurers ‘Billions’