ORIMS Christmas Luncheon (February 01, 2008)

The Ontario Risk & Insurance Management Society’s (ORIMS) annual Christmas Luncheon in December attracted hundreds of festive industry partygoers to the Sheraton Centre Toronto, home of the Toronto 2008 RIMS Canada Conference (September 21-24, 2008). In the spirit of giving, the ORIMS executive donated the proceeds of the annual charity raffle to World Vision Canada. […]

January 31, 2008 | Last updated on October 1, 2024
1 min read
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The Ontario Risk & Insurance Management Society’s (ORIMS) annual Christmas Luncheon in December attracted hundreds of festive industry partygoers to the Sheraton Centre Toronto, home of the Toronto 2008 RIMS Canada Conference (September 21-24, 2008). In the spirit of giving, the ORIMS executive donated the proceeds of the annual charity raffle to World Vision Canada. World Vision is a Christian relief, development and advocacy organization dedicated to working with children, families and communities to overcome poverty and injustice. ORIMS president Erin Magilton-Morneau presented World Vision with a cheque for $10,000. •

How record-high Cat season will impact reinsurance renewals

Claims

How record-high Cat season will impact reinsurance renewals

About half of the Canadian P&C insurance industry’s projected $7.7 billion in losses due to four natural disasters over the summer will be covered by reinsurance, a reinsurance broker told the National Insurance Conference of Canada (NICC) in Vancouver Tuesday. “We can observe that about 50% of the losses coming out those four main events […]

By David Gambrill | September 26, 2024

3 min read

Will reinsurance capacity be stable in Canada after record-breaking NatCat losses?

Claims

Will reinsurance capacity be stable in Canada after record-breaking NatCat losses?

Though 2024’s reinsurance renewal season started off stable compared to 2023, this summer’s record-breaking insured losses from four major Nat Cats will undoubtedly see growth in Canadian carriers’ reinsurance demand. But reinsurance supply may not grow commensurately, experts tell Canadian Underwriter. Beyond Canada, global insured Cat losses could be the factor that makes or breaks […]

By Alyssa DiSabatino | September 23, 2024

2 min read

A different type of auto fraud

Claims

A different type of auto fraud

Although preliminary reports suggest auto theft in Canada is decreasing in 2024, another issue of concern is emerging for auto insurers: a surge in fraudulent credit applications. Automotive application fraud is up 54% year-over-year in Canada, largely driven by falsified credit applications and the continued prevalence of identity theft, consumer credit reporting agency Equifax Canada […]

By Jason Contant | September 24, 2024

2 min read