Risk
On paper, the Canadian property and casualty insurance industry’s earnings performance for the first two quarters of this year would strongly suggest at a rebound in real growth. In fact, Canadian insurers came home for the first half of this year with favorable figures across the performance ratios of almost double that of their southern […]
October 31, 2000
4 min read
When Scot Dalton sold Dalton & Associates brokerage to the Cowan Insurance Group, it was not to step out of the insurance game. On the contrary, Dalton was ready to lead Cowan into the e-commerce world, as the country's first online, multi-quote brokerage. Now, after two years of planning and development, cowaninsure.com has hit the information superhighway, with long-term plans to stay ahead of the pack.
6 min read
Industry
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 […]
2 min read
John J. Hampton has been appointed executive director of the Risk and Insurance Management Society (RIMS). A former insurance and finance consultant, Hampton has also served as provost of The College of Insurance and SUNY Maritime College, as well as authoring several insurance related publications. Canadian Northern Shield has named Jim Caudle, former president of […]
1 min read
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 […]
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The U.S. property and casualty insurance industry recorded a 32.5% drop in net income to US$10 billion for the first half of 2000 compared with the US$14.9 billion made at the end of June last year. The significant decline is almost entirely attributable to an 88% hike in claim costs which boosted the industry’s net […]
Advantages of the broker distribution channel: convenience name brand choice relationship first-hand knowledge of risk local service good product to risk matching dollars stay in local community
September 30, 2000
Much has been written about the effect on the working situation of principal partners of an independent insurance brokerage upon its consolidation or purchase by a consolidator or an insurance company. One of the key issues this evolution has created is how does the individual broker integrate the sale of his business with his/her own personal financial and/or retirement plans.
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. […]
9 min read
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