The Ontario Risk and Insurance Management Society Annual Golf Tournament

The Ontario Risk and Insurance Management Society held its annual golf tournament on June 22 at the Deer Creek Golf Club in Ajax, Ont. The day started with a barbeque lunch followed by a shotgun start. While the rain may have ruined the golf for the almost 320 golfers, it certainly didn’t dampen spirits. Once […]

July 31, 2010 | Last updated on October 1, 2024
1 min read
||||||||||||||||||||||||
||||||||||||||||||||||||

The Ontario Risk and Insurance Management Society held its annual golf tournament on June 22 at the Deer Creek Golf Club in Ajax, Ont. The day started with a barbeque lunch followed by a shotgun start. While the rain may have ruined the golf for the almost 320 golfers, it certainly didn’t dampen spirits. Once again. McLarens Canada hosted a raffle, which raised $3,710 for the McGannon Foundation. •

Captain Obvious: Premiums will rise after 2024’s loss year

Claims

Captain Obvious: Premiums will rise after 2024’s loss year

If one consequence of insurers paying out $7.6 billion in claims damage for severe weather events isn’t obvious enough, P&C insurance industry professionals are spelling it out: consumers can expect to see their property premiums increase sometime in the near future.  “I’m happy to be in an industry that’s trying to actually meet the consumer’s […]

By Alyssa DiSabatino | September 20, 2024

3 min read

Why insurers won their dispute over a $50-million excess policy

Claims

Why insurers won their dispute over a $50-million excess policy

An insured is not entitled to coverage on a “claims made and reported” excess liability policy when it failed to report the claim to the excess insurer within the policy period, Ontario’s Appeal Court has confirmed. The insured, a law firm, argued it was entitled to professional liability coverage despite “imperfect compliance” with the claim […]

By David Gambrill | September 18, 2024

4 min read

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