Risk
Dear Editor, You are to be complimented on an excellent feature article, in the April Underwriter, on the threat posed by the big banks. The Independent Life Insurance Brokers of Canada have many members who also hold a p&c license. We are all brothers and sisters-in-arms in our fight against the intrusion of the banks […]
May 31, 1999
7 min read
Recent months have seen increased pressure being brought to bear by the private property and casualty insurance industry to deregulate the monopoly positions of provincial government insurers. Due to its sheer size and control of one of Canada’s largest consumer markets, the Insurance Corporation of British Columbia (ICBC) has attracted much of the lobbying fire […]
6 min read
Industry
Gore Mutual Insurance Company has appointed Kevin McNeil as president and chief executive officer. With 25 years of insurance, banking and industrial experience, McNeil has held senior positions in the insurance sector, including president of The Personal Insurance Company of Canada. HB Group Insurance Management Ltd. has announced a new management team and structure for […]
1 min read
In most industries, the Internet has become an important business tool. Employees have access to endless possibilities for research, for improved communications internally and externally, and to work from home. Security in access and transferring information has, however, been the biggest concern of business in maximizing on the Internet’s full potential. Virtual Private Network (VPN) […]
3 min read
The Women in Insurance Cancer Crusade (WICC) held its annual fundraising dinner at Toronto’s Sheraton Centre March 31, raising $37,000 for cancer research. An estimated 340 industry members took part in the fundraiser, which was highlighted by an auction in which full tables bid for the opportunity to guess who the evening’s surprise guest was. […]
Natural disasters such as extreme weather, a volcanic eruption or an earthquake, are often quaintly referred to in the insurance world as “Acts of God”, adverse events which are seemingly unexplainable or beyond man’s control. Noticeably, the economic and insurance cost associated with natural catastrophe events under “Acts of God” have escalated substantially, with the […]
9 min read
Last year I predicted 1998 would bring back a deteriorating trend to the property and casualty insurance industry. In addition to the January ice storm, I felt that the continuing “soft market” would have a negative impact on underwriting results. In fact, underwriting ratios deteriorated five percentage points from 102.4% in 1997 to 107.4% in […]
We couldn’t have picked a worse day for the opening of my company’s new regional office. Gale-force winds had blasted into the city overnight, knocking down trees and power-lines, shutting down the airport, and tearing the roofs off new, unfinished homes in the suburbs. They had also succeeded in lighting up the phones in our […]
With the rising trend of North American natural catastrophe losses, a great deal of attention is being turned to the development of computer simulated cat risk programs. Cat risk models are hardly a new technological advancement for the insurance industry, they have been around since the devastation inflicted on the industry by Hurricane Andrew. Forced […]
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. Insurance Institute of Ontario Ottawa Chapter: 40th Anniversary/Ontario Centennial Dinner Cruise. Contact Ellen Legault at 613-722-7870. Ottawa River, Ottawa, […]
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