Claims
The catastrophic impacts of a long-lasting pandemic are not only likely to happen, but overdue, and will likely exceed what most corporate and governmental leaders have imagined, or are prepared for, says a report from Marsh and The Albright Group.The scientific consensus is that an avian flu pandemic could sicken 20% of the worlds population, […]
By Canadian Underwriter | September 27, 2007
1 min read
The Ontario Court of Appeal has ordered CGU Insurance Company of Canada to contribute an equitable share of Cdn$1 million to Cdn$2.75-million settlement following a 1996 judo accident at the University of Windsor Judo Club.CGU insured the association Judo Ontario and its members including the University of Windsor Judo Club at the time when Chester […]
By Canadian Underwriter | September 26, 2007
2 min read
Ten new drivers in Saskatchewan have received Cdn$1,000 after completing the Graduated Drivers Licensing program without any traffic convictions, suspensions or at-fault collisions.SGI is pleased to reward safe driving habits among our provinces new drivers, Phyllis Glowatsky, SGIs Manager of Driver Programs, said in a release. With this added incentive, it is our hope that […]
By Canadian Underwriter | September 24, 2007
Lloyds is warning that a growing network of cells spread throughout the world means the al-Qaeda brand is as strong as ever and capable of matching the devastation witnessed on 9/11.Referring to the International Institute for Strategic Studies (IIHS)s 2007 Strategic Survey, the Lloyds report noted that a number of regional jihadist groups, most in […]
According to the Canadian Crop Hail Associations hail report, Saskatchewans hail claims have surpassed the other Prairie provinces and are about 10% higher than the provinces 5-year average. Farmers from the communities of Reward, North Battleford, Meota, Cut Knife, Unity, Wilkie, Cudworth, Wakaw, Melville, Canora, Kuroki, Kamsack and Yorkton filed claims as a result of […]
During the current volatile economic environment the insurance industry needs to be more proactive with property reforms in particular water exposure to avoid political intervention like that seen with recent auto reforms, Kathy Bardswick, president and CEO of Co-Operators Group Ltd., told a crowd of delegates at the first A.M. Best Canadian Review & Preview […]
By Canadian Underwriter | September 21, 2007
The Terrorism Risk Insurance Revision and Extension Act (TRIREA) H.R. 2761 was passed on Wednesday afternoon by the U.S. House of Representatives with a vote of 312 to 110 and is strongly supported by the Risk and Insurance Management Society (RIMS), according to a release. RIMS is pleased that the bill, as passed by the […]
The Canadian insurance industry needs to strive for pricing consistency, Richard Ward, Lloyds CEO, told a crowd at the Risk and Insurance Management Societys conference in Halifax.Ward discussed contract certainty and claims management initiatives that Lloyds has taken to improve efficiency and service within the London market and urged Canadian insurers to follow suit. These […]
By Canadian Underwriter | September 20, 2007
Elie, the tornado that ripped through parts of Manitoba on June 22, has been given a rating of F5 intensity, the highest on the Fujita tornado damage scale, the first officially documented in Canada according to Environment Canada meteorologists. Damage indicators are used to measure the strength of tornadoes, with an F5 tornado accounting for […]
Dalhousie University in Halifax was home to a sea of nervous faces at the RIMS Canada conference Sept. 18, as students tested their skills playing Risk, a classic game of strategy, for their chance to win a $5,000 bursary from Aon Reed Stenhouse (Aon). As the clock ticked down, six players had avoided elimination and […]
By Canadian Underwriter | September 18, 2007
3 min read
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