Claims
Asbestosis, tobacco and pollution related liability exposures were identified by panelists at the recently held Casualty Actuarial Society (CAS) annual meeting as being the top three risks facing U.S. insurers in coming years. Although asbestosis claims subsided in the early 1990s, the latter part of the decade saw renewed activity, according to Jennifer Biggs, a […]
February 28, 2001
2 min read
Risk
Residents of B.C.’s Queen Charlotte Islands were reminded of the province’s risk to earthquakes when a shaker measuring a magnitude of 6.2 on the Richter scale occurred on February 17, at 12:12pm. The “mini quake” was followed by another tremor of 5.2 at 1:19pm the same day. Neither of the quakes, which originated 109 kilometers […]
1 min read
Industry
The St. Paul’s company has appointed Bob Fellows president and general manager of St. Paul Canada. Fellows brings 20 years industry experience to the position, most recently leading Royal & SunAlliance’s Financial Solutions venture. Lloyd’s of London has named Nicholas Smith as attorney in fact in Canada for its Canadian underwriters, succeeding Mark J. Oppenheim […]
CGU Canada is making several organizational changes effective June 1, including the appointment of Igal Mayer as president and CEO of CGU Canada. He was formerly finance director for Norwich Union Insurance and replaces Mark Webb. Webb has been named managing director Europe for CGNU. Richard Harvey will become group chief executive for CGNU, effective […]
January 31, 2001
Auto
Two Royal & SunAlliance Insurance Company employees headed to Antarctica last month as part of Mission Antarctica, a five-year environmental project aimed at protecting the Antarctic wilderness. Hilda Aywaz and Brenda Lemieux were selected through a national competition of Royal & SunAlliance employees to join Robert Swan, reknowned as the first man to walk unsupported […]
“If I could save time in a bottle…” These fateful words of the late Jim Croce, dating back to the 1970s may prove to be a most insightful prediction for the 21st century man. Why should you spend your time reading this article? Is the return on your spend worth it? In different eras of […]
3 min read
Home
In what could be a landmark case, the applicability of CGL policies over Internet activities is at issue in the B.C. courts. At the heart of the claim is the exclusion of publishing activities from policies, and to what degree material posted on the Internet constitutes publication. Attempts to "flame" or personally discredit individuals online promise to bring a growing number of lawsuits. The question remains whether insurers can deny defence coverage in these cases, or if they will be caught up in the flames.
8 min read
The brave new world of the Internet brought a scope of accessibility never before experienced. And, just as insurers are beginning to grasp all that the Internet has to offer, the digital world is opening even more doorways with the advent of wireless technology. As companies push customer service as a marketplace “differentiator”, the use […]
5 min read
Just before Christmas, the Supreme Court of Canada heard argument in the case of Whiten v. Pilot. The original trial jury heard evidence that lead them to conclude that Pilot acted in bad faith against its insured Whiten and awarded punitive damages of $1 million against the insurance company. Insurers now await the result of […]
Lloyd’s of London has risen its 2001 writing capacity by 10% over last year to US$16.6 billion. This is the largest year-on-year increase the market has seen since 1993/4, according to a media statement. “The growth in Lloyd’s capacity indicates growing confidence in the market’s performance, and clear evidence of hardening rates in many lines […]
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