Risk
The events of September 11th, 2001 not only stunned the majority of mankind through the sheer evil of the acts committed, but served as a clarion call to the U.S. business community of its exposure to the threat of economic terror.
September 30, 2001
3 min read
Commercial
Just as items in a store are tracked through UPN codes, the items in homes may soon be "tagged" and tracked. And this is just the beginning of new "smart home" technology. New systems are under development that could put a very different face on the house of the future.
6 min read
The tragic and unexpected events which unfolded on September 11 of this year when terrorists attacked the World Trade Center, New York City, and the Pentagon in Washington D.C. by using four hijacked jetliners as “flying bombs” has left the world dumbfounded. At first, the horror as news of the travesty swept across global news […]
The North American financial services landscape has changed dramatically in the last ten years. Recent legislation in both Canada and in the U.S. has helped to pave the way for industry convergence, with some believing that new, "one stop shop" financial supermarkets will emerge where the four pillars of the banking, insurance, securities and trust sectors once stood. Is it time for property and casualty brokers to think seriously about offering new products to their clients?
9 min read
Industry
George Anderson, CEO of the Insurance Bureau of Canada (IBC), has announced his retirement from the organization, effective from the beginning of July of this year. Anderson joined the IBC as president in 1992. “It has been a wonderful time to work at IBC, and we have accomplished some remarkable things. But, to my mind, […]
1 min read
Home
Hail as large as baseballs caused more than $3 million in damage to vehicles in Manitoba, the province’s public insurer reports. A late summer storm wreaked havoc on car hoods, fenders and roofs, reports Manitoba Public Insurance (MPI). Shortly after the storm, MPI established an emergency hail claim center to deal with more than 2,000 […]
As one of the “founding fathers” of the developing broker/company portal, incoming Insurance Brokers Association of Ontario (IBAO) president Danny Craig is confident the year ahead will be a time of massive, positive change for the industry. The association, he says, is putting the portal front and center in its plans for the future. But […]
$15.5 billion Hurricane Andrew (1992) $15.5 billion Northridge Earthquake (1994) $15.3 billion Hurricane Hugo (1989) $4.2 billion Hurricane Andrew (1992) $15.5 billion Northridge Earthquake (1994) $15.3 billion Hurricane Hugo (1989) $4.2 billion Hurricane Andrew (1992) $15.5 billion Northridge Earthquake (1994) $15.3 billion Hurricane Hugo (1989) $4.2 billion In the face of rising loss estimates, insurers […]
The Risk and Insurance Management Society (RIMS) is taking its mandate to the masses, planning to broaden its reach beyond the risk management profession. In an interview at the Canadian Risk and Insurance Management Society (CRIMS) Conference in Ottawa recently, RIMS executive director Jack Hampton (pictured) says the organization will be looking to educate “enterprise […]
2 min read
While the impact that the terrorist attacks will have on the international insurance and reinsurance industry will not be fully known for many years, the effect on aviation covers was almost instantaneous.
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