Claims

Goslings

The Flock of The Ontario Pond of the Honourable Order of the Blue Goose gathered at the Old Mill in Toronto on Feb. 18 for the 2009 initiation of the Goslings. The evening started with a dinner and cocktails before Jamie Dunn, custodian of the goslings, presented the 15 candidates. Only Ontario ganders were present […]

March 31, 2009

1 min read

Claims

Fifth Annual Sugar Shack

L’Association des experts en sinistre indpendants du Qubec (AESIQ) held its fifth Annual Sugar Shack on March 19. Over 280 industry colleagues were in attendance, including Reno Daigle, CIAA national president, and Charles Berthiaume, AESIQ president. •

March 31, 2009

1 min read

Claims

CICMA/CIAA Joint Conference (April 01, 2009)

Insurance industry guests from the CICMA/CIAA Joint Conference escaped the winter chill at the 3rd annual Joint Conference Cocktail Party. The event, hosted by Blouin, Dunn and Giffin Koerth, was held at the Loose Moose Tap & Grill immediately following the conference on Feb. 3 •

March 31, 2009

1 min read

Claims

TIWA’s Annual Wine and Cheese Reception

The Toronto Insurance Women’s Association (TIWA) hosted its annual wine and cheese reception on Feb. 12. Well over 1,000 guests indulged in fine culinary offerings, enjoyed live music and raised their wine glasses with fellow industry peers at this year’s reception, held at the Metro Toronto Convention Centre-Constitution Hall. •

March 31, 2009

1 min read

GK (KOVA) Cup

The seventh annual GK (KOVA) Cup was held on Mar. 26 at Moss Park arena. Over 20 players came out for a friendly game, which saw the It’s Our Faults, coached by Laurel Dimaso of Masterclean, beat out the No Faults, coached by Sandy MacSpayden of DirectIME, by a score of 9 to 7. Mark […]

March 31, 2009

1 min read

2008 one of the worst for cat losses: Swiss Re

Year 2008 was one of the worst for catastrophe losses, according to Swiss Re, with global insurers paying out US$52.5 billion in property claims. The total impact on the economy caused by natural and man-made catastrophes around the world added up to US$269 billion, according to a new Swiss Re sigma study, Natural catastrophes and […]

2 min read

What’s New: In Brief (March 11, 2009)

A spokesman for America’s Watchdog says homeowners from several communities in B.C.’s Lower Mainland have joined a chorus of calls to investigate the use of Chinese drywall in buildings.Thomas Martin, president of America’s Watchdog, is quoted by Chris Montgomery of CanWest News Service as saying that about a dozen Lower Mainland callers in the past […]

1 min read

Financial concerns bump environmental risks from industry’s risk list

Environmental risk has dropped from the Top 10 risks facing the insurance industry and has been replaced by concerns related to investment returns, equity performance and access to capital, a joint survey between the Centre for the Study of Financial Innovation and PriceWaterhouse Coopers found.The latest Insurance Banana Skins survey includes 400 responses from 39 […]

2 min read

Capacity levels for energy risks increased by 5%: Willis

Capacity levels for energy risks have increased by approximately 5%, based on little or no withdrawals from the energy insurance market in January 2009, the latest Energy Market Review from Willis has found.”With capacity levels up at the start of 2009, the energy insurance market remains relatively stable, despite insurers seeking rate increases and the […]

1 min read

Insurers could do more to exploit scenario analysis, Swiss re study says

Insurers are increasingly using scenario analysis to evaluate multiple risks, but the industry could do more to fully exploit state-of-the-art approaches, Swiss Re’s new sigma study says.Scenario analysis helps insurers make business decisions by considering a number of potential future developments, allowing them to manage a broad range of interrelated risks.Unlike stress testing, which can […]

2 min read