Claims
Insurance Systems Inc. (ISI), a provider of web-based solutions to the global property and casualty insurance industry, today announced the sale of WebWriter Inspection to The Wawanesa Mutual Insurance Company headquartered in Winnipeg, Manitoba.”Wawanesa is one of Canada’s leading insurers,” ISI President and CEO Terry Neilson says. “This sale is a strong endorsement of our […]
By Canadian Underwriter | January 5, 2006
2 min read
A leading terrorism underwriter at Lloyd’s says the market is becoming increasingly competitive as more insurers look to balance their risk portfolio in the wake of the US hurricane season.Stephen Ashwell, a war terrorism and political violence underwriter with Hiscox, says insurers with big natural catastrophe and earthquake cover are looking to terrorism as a […]
By Canadian Underwriter | January 4, 2006
The Patullo Bridge, a bridge with a history of fatal accidents that spans the Fraser River and links with New Westminster and Surrey in British Columbia, was recently the scene of a deadly car accident that killed four.The multi-vehicle collision occurred on the south end of the Bridge, which, according to police, will remain closed […]
1 min read
The Terrorism Risk Insurance Extension Act of 2005, which extends the Terrorism Risk Insurance Act of 2002 (TRIA) to the end of 2007, was recently signed into law and as a result insurers can expect higher retention levels for 2006 and 2007, according to a recent analysis of the amendments conducted by AIR Worldwide Corporation […]
By Canadian Underwriter | January 3, 2006
3 min read
OIAA celebrates its 75th
By David Gambrill | December 31, 2005
7 min read
In Part 1 of this two-part presentation on mediating insurance claims, mediator Paul Iacono talks about delays in the courts, noting a large number of personal injury motor vehicle cases. In Part 2, 'Confessions of a mediator,' Michael Rubenstein, who trains mediators, talks personally about some of the things he has observed while mediating insurance claims.
By Paul Iacono Panelist, YorkStreet Dispute Resolution Group Inc. | December 31, 2005
6 min read
Members of the insurance industry were among a group of Canadian business representatives calling on the federal government to embrace the new plan to reduce greenhouse gas emission beyond the current Kyoto deadline of 2008. Among the members of the Executive Forum on Climate Change are: Alban D’Amours, CEO, Desjardins Group; George Cooke, CEO, Dominion […]
December 31, 2005
The UK Court of Appeal recently ruled that excess-of-loss coverage can not be denied even on the grounds that reinsurance buyers owe their reinsurer a duty of care to underwrite original risks prudently, unless this duty of care is stated in policy wordings. In the nonproportional energy reinsurance coverage case of ‘Bonner & Others vs. […]
Devastating catastrophes that struck this year have resulted in an estimated insurance loss of $80 billion making 2005 the costliest year ever for insurers, according to Swiss Reinsurance Co. A preliminary study that was recently sent via e-mail from Swiss Re’s Zurich office reports that although the entire magnitude of catastrophes in 2005 have not […]
By Canadian Underwriter | December 20, 2005
ACE Limited (NYSE: ACE) has announced some key financial guidelines for its group of companies for the full year 2006.”Property and casualty net earned premium growth is expected to average 6% to 8% for the full year,” ACE announced in a press release. “Earned premium growth is expected to be slower in early quarters and […]
By Canadian Underwriter | December 19, 2005
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