Risk
Opinions vary widely about how much information insurers should be disclosing to consumers related to the use of credit scoring.
August 31, 2011
6 min read
Sixty years ago, my grandfather discussed the role of an adjuster's personality in his or her professional success. His observations still hold true today.
Ontario's auto reforms highlight the importance of documenting all communications with consumers - even if those communications prove to be entirely one-sided.
7 min read
Robert McDowell, Financial Insitutions and Services Group, Fasken Martineau DuMoulin LLP; and Koker Christensen, Financial Institutions and Services Group, Fasken Martineau DuMoulin LLP The financial crisis revealed many financial institutions around the world did not fully appreciate the risks to which they were exposed. The Senior Supervisors Group, which includes the Office of the Superintendent […]
What once was a 'credit' crisis has now been re-branded a 'sovereign debt' crisis. Either way, insurers' investment income remains threatened.
July 31, 2011
3 min read
Canadian Market Slave Lake wildfire ranks second-costliest insured disaster in Canadian history Insured damage caused by wildfires that ravaged much of the town of Slave Lake, Alberta in May has hit the $700-million mark, according to the Insurance Bureau of Canada, citing PCS-Canada data. That makes the Slave Lake wildfire the second-costliest insured disaster in […]
5 min read
RIMS President Scott B. Clark is a big believer in strengthening the organization's local chapter base and expanding the political influence of risk managers, which may be of benefit to Canadian RIMS chapters in the future.
Geopolitical, regulatory, financial and other risks tend to dominate the supply chain conversation, leaving supplier property risk as a potential blind spot.
Today's technology makes it possible to take a more holistic approach to claims management, by providing detailed and timely information on individual claims and the ability to learn from the loss experience of the broader industry.
4 min read
Tax Information Exchange Agreements (TIEAs) provide an opportunity for Canadian firms, many of which have located captives in countries sharing a double-taxation treaty with Canada, to re-domicile their operations to alternative jurisdictions offering commercial and tax advantages.
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