Industry
New York City-based Cybersettle.com, Inc. — an online company that resolves insurance disputes — has set up shop in Canada, settling its first Canadian dispute in late October. The website saves insurers and insureds the cost of court action, with both parties exchanging statements of claim and three different settlement offers. The website evaluates the […]
November 30, 1999
1 min read
The Office of the Superintendent of Financial Institutions (OSFI), the federal government’s financial services watchdog, is unhappy with the current level of voluntary earthquake reserving committed by property and casualty insurers. OSFI special adviser Julie Dickson indicated at the recently held North American Conference (see our upcoming January issue for further conference details) that compulsory […]
3 min read
Risk
Not all of the specialty sports lines are unprofitable it appears. General liability coverage has been good business for Canadian managing general underwriters K&K Insurance, who write $50 to $70 million in premiums annually safeguarding teams against litigation surrounding spectator injuries. The company handles some contingency products, their biggest client in that sector being NASCAR […]
Auto
The North American Export Committee (NAEC), formed to combat cross-border movement of stolen vehicles in North America, recently met in Jacksonville, Florida. Canadian and U.S. insurers, customs officials, law enforcement agencies such as the FBI, RCMP and port authorities, came together with auto manufacturers to deal with what is clearly becoming a growing thorn in the foot for the property and casualty insurance industry.
2 min read
The November Women In Insurance Cancer Crucade educational breakfast educated hundreds of insurance professionals on the challenges of living with serious illness. Attendees at the breakfast watched a dramatic production entitled ‘Handle With Care?’, which was based on a study with metastatic breast cancer patients. The ‘Handle With Care?’ production translates the research into a […]
The proposed merger between listed broker consolidators Canada Brokerlink Inc. and Vector Intermediaries Inc. has hit some skids, both companies confess while asserting the merger will still carry on as planned. According to Jon Ouellette, Brokerlink’s vice president of operations, the hold-up in negotiations is not attributable to management or operational issues but to legal […]
The Insurance Bureau of Canada has appointed Terri MacLean as senior vice-president and chief operating officer of the Insurance Crime Prevention Bureau. MacLean, an insurance lawyer, joins the ICPB after an extensive career including stops at Commercial Union, Wellington Insurance Company and ADP Systems Inc. Daniel J. Barry has been named director of government affairs […]
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Toronto Insurance Women’s Association: Dinner Meeting. For more information, call Julia Benyak at 416-362-8586. Royal York Hotel, Toronto, ON. […]
Dear Editor, I was so pleased to read that Jan Lowther had received the “Golden Torch” award recently in Colorado. Jan has been the “guiding light” for risk management communications in Canada for many years and her trustworthy and interested approach has fostered much of the response, so excellently and fairly reported in Canadian Underwriter. […]
October 31, 1999
Heightened consumer expectations and the broader reach of technology are having a significant impact on the commercial market, says Andrew Duguid, director of development at Lloyd’s of London. Technology has broadened the choices in risk management, enabling for inhouse risk rating and application of financial “risk hedging tools” available through the capital and captive markets, […]
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