Risk

Risk Management (November 01, 2009)

CANADIAN INSURERS SHOULD BE DISCLOSING CLIMATE CHANGE INITIATIVES Canadian insurers should make the effort to answer the same eight questions about climate change initiatives that the U.S. regulator requires insurance companies in its jurisdiction to answer annually, said Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction. Kovacs spoke at the […]

October 31, 2009

2 min read

Reinsurance (November 01, 2009)

LOOK FOR CLIMATE CHANGE EXCLUSIONS TO APPEAR IN LIABILITY POLICIES IN THE NEAR FUTURE: ENVIRONMENTAL RISK ADVISOR Risks related to climate change are so expansive as to be uninsurable. It is therefore likely that climate change exclusions will be written into general commercial and excess liability insurance policies in the near future, predicts Rodney Taylor, […]

October 31, 2009

1 min read

A Seaof Change

Effective Jan. 1, 2010, foreign insurers writing in Canada marine risks will be subject to the federal oversight of the Office of the Superintendent of Financial Institutions (OSFI).

October 31, 2009

6 min read

Suspended Animation

Canadian Underwriter asked several reinsurance chief agents and CEOs to discuss what they believe to be the single most important issue facing the Canadian reinsurance industry going forward into 2010. The answers presented below (in alphabetical order) vary considerably, but at least one common denominator underlies several of the financial concerns. One theme is characterized […]

October 31, 2009

15 min read