Claims

CIAA Provincial Seminar

The CIAA provincial seminar was held May 15, 2008 at the Hilton Garden Inn, Markham, Ont. Delegates were able to attend three educational seminars on adjusting claims in HCAI; the Ontario Automobile Threshold including a current case review and how the legal profession are lobbying for review and modification to the current threshold and why, […]

May 31, 2008

1 min read

Claims

GK KOVA Cup

The sixth annual GK KOVA Cup drew employees from Aviva Canada and Giffin Koerth Forensic Engineering together on Apr. 16 at Moss Park Arena. Team Blue/Our Faults defeated team White/No Faults by a score of 14-9. A post-game reception was held at the Pat Quinn Lounge, where Ron Koerth was awarded the Horse’s Ass award […]

May 31, 2008

1 min read

Claims

RMC Insurance Industry Social

Risk Management Counsel of Canada (RMC) recently held its annual insurance industry social event at the Steam Whistle Brewing’s historic Roundhouse in Toronto. Attendees were able to play Canadopoly, collecting stamps from different member firms across the country. WICC (the Women in Insurance Cancer Crusade) was chosen as the event partner. For each person that […]

May 31, 2008

1 min read

Claims

HKMB HUB International Hockey Challenge for Charity

On Apr. 21, HKMB HUB International held its third annual Hockey Challenge for Charity at the Air Canada Centre. In 2006, after insurance industry colleagues chose to pit their hockey skills against one another for fun, HKMB organized its first Hockey Challenge for Charity game. The 2007 event held at the RICOH Coliseum, raised more […]

May 31, 2008

1 min read

The Honourable Order of the Blue Goose International, Ontario Pond Scotch Nosing

The Honourable Order of the Blue Goose International, Ontario Pond held its eighth annual Scotch Nosing on Apr. 24 at Jamie Kennedy at the Gardiner Museum in Toronto. Dozens of noses attended this exclusive event, including an esteemed panel of judges. Throughout the evening, guests sampled some of Scotland’s rarest and finest single malts and […]

May 31, 2008

1 min read

Despite US$100 million of insured losses in 2008, reinsurance prices fall 15-22%

Insurers have absorbed losses of more than US$100 million due to 15 events this year, Robert F. Howe, global leader of property operations for Marsh Inc., noted during a panel discussion in New York on May 30. Total aggregate losses to date this year have exceeded US$5 billion due to flooding, fires, tornados and other […]

1 min read

IBC urges Manitoba policyholders to check policies after first 2008 tornado

Canada’s home, car and business insurers are reminding Manitoba’s homeowners to review their insurance policies after Environment Canada received reports of a tornado touching down in the province earlier this week, and fires are affecting northern Manitoba.Manitoba’s first tornado of the season touched down on May 25, 2008. No one was injured and no damage […]

1 min read

Reinsurers would shoulder more of the load in an active 2008 hurricane season: Fitch

If the 2008 hurricane season features only small to moderate storms (as experienced in 2004), primary insurers will disproportionately incur catastrophe losses relative to reinsurers. However, the opposite rings true if the season includes one or more large or very large events (such as in 2005), Fitch Ratings predicts. Fitch predicts the declining cost of […]

1 min read

What’s New: In Brief (May 28, 2008)

Guy Carpenter & Company LLC has appointment Andrew Marcell to lead its Americas broking operations.As CEO of the Americas broking operations, Marcell will assume responsibility for all of Guy Carpenter’s treaty and facultative broking operations in the United States, Canada, Latin America and Bermuda.”Andy’s diverse global experience and strong management and leadership skills will assist […]

2 min read

Low property losses leading to false sense of complacency

Leading up to the 2008 Atlantic hurricane season, Aon Corp is cautioning that although predictions of hurricane activity are important to consider, any storm can cause massive destruction regardless of whether it happens in a period of below-normal or above-normal storm activity. Hurricanes Felix and Dean, each of which caused massive destruction, both hit during […]

1 min read