Claims

Swiss Re advocates new forms of public-private disaster risk financing

New forms of public-private partnerships can help governments worldwide cope financially with the increasing damage costs of natural catastrophes, according to a new report by Swiss Re. “While governments, development banks or NGOs are constantly getting better at managing disasters more actively, they are finding it more and more difficult to address the financial implications […]

By Canadian Underwriter | June 12, 2008

1 min read

TSR moderates its 2008 hurricane season forecast

With the 2008 hurricane season officially underway, forecaster Tropical Storm Risk (TSR) is predicting Atlantic basin and U.S. land-falling hurricane activity in 2008 will be slightly (20%) above the long-term (1950-2007) norm. This updates the 35% above-norm prediction TSR issued on Apr. 7, 2008. “The lowering of the forecast is due to the unexpected rapid […]

By Canadian Underwriter | June 2, 2008

1 min read

What’s New: In Brief (June 02, 2008)

Cooper Gay has purchased Heath Lambert’s aviation, FSJ (UK wholesale) and reinsurance divisions as of May 31. Commercial discussions are ongoing with regards to the sale of Heath Lambert’s international wholesale division, Global Business Solutions (GBS), according to a Heath Lambert release. “From our perspective, we have made no secret of our plans to become […]

By Canadian Underwriter | June 2, 2008

2 min read

Applying the Brakes

Whenever Canadian insurance company claims departments and legal vendors seek signs of The Apocalypse when it comes to claims litigation, they often look in the direction of United States courtrooms. And it’s a common psychological tendency that when we look for something, we are bound to find it. Take, for example, the U. S. case […]

May 31, 2008

4 min read