Insurance & Risk, Analysis, Events and Careers
Officials investigating a finite reinsurance deal executed in 2000 by General Reinsurance Corp. and American International Group Inc. are examining whether Gen Reinsurance Corp’s current chief executive officer, Joseph P. Brandon, is being investigated regarding whether or not he had a role in the deal between General Re. and American International Group (AIG) according to […]
By Canadian Underwriter | July 14, 2005
1 min read
Almost immediately after London’s deadly terrorist bombings, Canada’s 24-hour emergency preparedness system kicked into effect and worked as intended. However, in a recent speech at an international conference on disaster management, federal public safety Minister Anne McLellan also highlighted the need to ensure close collaboration between mass transit systems and shore up training for security […]
By Canadian Underwriter | July 12, 2005
2 min read
B.C. Ferries are continuing to experience trouble with vessels, as another ferry recently lost power last night while approaching a berth in the southern Gulf Islands. Before it docked at Sturdees Bay on Galliano, the Queen of Cumberland lost three of four engines, dropping anchor until engineers were able to restart engines and conduct tests. […]
By Canadian Underwriter | July 12, 2005
2 min read
ING’s insurance subsidiaries are assisting more than 5,000 customers to clean up and repair the water and hail damage incurred as a result of recent storms in southern Alberta. Jetse de Vries, chief operating officer for ING Canada, Western Region, says the Company’s brokers and response team have been assembled since the first storms hit, […]
By Canadian Underwriter | July 8, 2005
1 min read
Recent terrorist attacks in London were strategically formulated to occur during the G8 meeting a tactic that risk analysts from Risk Management Solutions (RMS) say is characteristic of a Islamic militant terrorist attack., according to terrorism risk analysts at Risk Management Solutions (RMS). RMS theorized its findings based on its global terrorism risk model, which […]
By Canadian Underwriter | July 8, 2005
1 min read
In response to recent bombings in London, security officials warn that Canada’s transit system may also be a target for similar attacks.Public Safety Minister Anne McLellan reports that security has been tightened for all transportation systems across Canada, specifically in Toronto and Montreal. Systems affected include Via Rail, CN and CP, local subways and mass […]
By Canadian Underwriter | July 7, 2005
1 min read
Montreal highways were recently flooded by a heavy flash flood. According to Const. Chantal Mackels, with the Quebec provincial police, no one was injured. However, she adds some drivers were caught in flood waters and had to be rescued by firefighters and police. Areas on the Metropolitan and Decarie expressways as well as Autoroute 13 […]
By Canadian Underwriter | July 7, 2005
1 min read
Cambridge a global outsourcing firm specializing in claims and loss management and the McLarens Grouop a Canadian-based claims management firm recently formed an alliance to expand their North American presence so that firms doing business in both Canada and the U.S. will now be able to reduce potential claims losses through a single entity.The alliance […]
By Canadian Underwriter | July 7, 2005
2 min read
Crash data recorders on trains are being improved to capture additional information and better safeguard locomotive event data for use in accident investigations under a recently issued Federal Railroad Administration (FRA) ruling.Under the ruling event recorders will be hardened to prevent the loss of data from exposure to fire, impact shock, fluid immersion and other […]
By Canadian Underwriter | July 6, 2005
2 min read
A mechanical fault in a 7,000-tonne BC-based ferry, recently caused the vessel to loose power and subsequently crush approximately 22 boats in the Horseshoe Bay ferry terminal in West Vancouver, according to Transportation Safety Board investigators. BC Ferries are now initiating meetings with the owners of the damaged boats regarding their demands for fair compensation.Some […]
By Canadian Underwriter | July 5, 2005
1 min read