Claims
Hub International Limited (TSX: HBG) announced that its shareholders approved the proposed plan for Apax Partners and Morgan Stanley Principle Investments to acquire all of Hubs common shares.The plan of arrangement was approved by 92.7% of the votes cast by all shareholders at the meeting and by 91.9% of the votes cast by disinterested shareholders, […]
By Canadian Underwriter | June 5, 2007
1 min read
International risk managers see human capital risk as being the most significant threat facing their global business operations, according to a survey conducted by the Economist Intelligence Unit and sponsored by the ACE Group of Companies. The surveys findings show that human capital risk, such as skills shortages, succession issues and the loss of key […]
By Canadian Underwriter | June 4, 2007
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) funded by participating countries, donors and the World Bank is now operational, starting with a claims-paying capacity of US$110 million on the international reinsurance and capital markets.. Thanks to the support of the international financial markets and all parties involved, insurance coverage can be confirmed to participating countries […]
By Canadian Underwriter | June 1, 2007
2 min read
Hannover Re has completed the sale of its U.S. subsidiary, Praetorian Financial Group, Inc., New York, to the Australian QBE Insurance Group Ltd., Sydney.The deal had been agreed upon in December 2006 and was closed, effective May 31, 2007, upon receipt of the required approval from regulators.QBE’s U.S. subsidiary has acquired all shares of Praetorian. […]
Technology trends in claims management revolve around some key themes, including a move to bridge or convert from legacy systems, enhanced performance measurement, improved client access to files, claims "portals" and the increased functionality of wireless adjusting solutions. What was once simply talk is now turning to action for many insurance company claims departments and independent adjusters.
By Craig Harris | June 1, 2007
13 min read
It has been 54 years, but Kernaghan Adjusters is still following the same traditions and client care promises today as it was back then.
By Laura Kupcis | June 1, 2007
6 min read
In the classic comedy, Strange Brew, Bob and Doug McKenzie (of SCTV fame) find themselves in crisis when their family unexpectedly runs out of beer on a Saturday night. The brothers are too terrified to tell their father they have previously given away their beer money and so a sinister plot is hatched. They place […]
By William Blakeney | June 1, 2007
9 min read
New HCAI system to provide accurate, comprehensive health claims data by capturing it at the source.
By Alberto Maggi | June 1, 2007
5 min read
Finding principled solutions and retaining the insured's future premiums
By Donald J. Mcgarvey and Alexis N. Moulton | June 1, 2007
7 min read
Environment Canada's proposed regulations for mandatory limits on VOC (volatile organic compounds) content in automotive paint refinishing will mean changes for the auto repair and insurance industries. Training and education can ensure an orderly transition so quality is guaranteed, customers are satisfied and the environment is protected.
By Lee Smith | June 1, 2007
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