Industry
Eric Laity (pictured) of Burnaby, B.C. has been named that province’s Insurance Person of the Year for 2000. Laity, who has spent 40 years working in the claims end of the industry, is the first recipient named from outside the traditional private sector of the general insurance industry. He retired in June as education services […]
October 31, 2000
1 min read
Dear Editor, I am writing with respect to your editorial which appeared in the August, 2000 issue of CU. I wish to correct your statement that I am opposed to the concept of a national financial services ombudsman. The federal government has taken an important first step in proposing the Canadian Financial Services Ombudsman. While […]
2 min read
The Centre for the Study of Insurance Operations (CSIO) is taking action in its quest to develop a single-entry portal for brokers. At a recent Insurance Brokers of Toronto Region luncheon, CSIO president Klaas Westera says that a portal was necessary to allow brokers seamless access to insurance companies, including rate comparisons. Now, CSIO is […]
Following a grueling year of devastating performance across the various areas of business – weak rates, rising claim costs, higher expense ratios and volatile investment returns – Canada’s property and casualty insurers may have perhaps turned the corner for the better based on industry results for the first half of the 2000 financial year. Specifically, […]
11 min read
The strong market position of CGU’s Canadian operations should leave it untouched in the wake of the CGNU group’s decision to divest its U.S. general insurance operations. Mark Webb, president of CGU Canada says, “the Canadian operations clearly meet the strategic direction that CGNU wants to take, which is to be top five in the […]
Although the optimistic whisper of higher premium pricing echoes along the company corridors of both the Canadian and U.S. property and casualty insurance industries, the first half-year underwriting results from both countries hint at caution. While the Canadian industry benefited this year from a robust investment environment – thereby offsetting underwriting losses – this gain […]
4 min read
Technology shopping-lists and three-page security policies are no longer an adequate network security planning method for an insurance company. It used to be information technology (IT) management would seek funding approval for firewalls, anti-virus tools, and the computers to run them on. This budget would determine the investment in security technology, with no formal means […]
3 min read
Kingsway Financial Services has stepped to the plate as the first insurer to offer financial support for the Metro Toronto Police helicopter project. A pilot project to test the use of a helicopter in cases ranging from tracking suspects to locating missing persons has been under way since the summer. Already the program has been […]
Given the rise in litigation and claims severity under D&O (directors and officers) coverage, rates are woefully inadequate, a recent Toronto Insurance Conference seminar was told. Udo Nixdorf, senior vice president of Chubb Insurance Company of Canada, says trends in litigation which are holding individual directors increasingly liable for business practices are among the factors […]
Feeling slightly weary, the five of us walked across the convention center lobby and sank into chairs. My insurance company was the lead sponsor of a two-day business fair titled “The E-business Revolution” and I had invited four of my brokers as guests. We had listened to the speakers and already toured the product exhibits. […]
September 30, 2000
9 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
