Risk

What’s New: In Brief (August 01, 2007)

The Economical Insurance Group is maintaining its investment as a full partner of the Broker Identity Program for 2007, the Insurance Brokers Association of Canada (IBAC) has announced.By investing in the program, The Economical supports the message being delivered every day to consumers, legislators, government officials, and regulators, IBAC says in a statement. The goal […]

By Canadian Underwriter | August 1, 2007

2 min read

Terrorist threat increasing in Canada, Aon map shows

Aon’s 2007 Terrorism Threat Map shows Canada’s threat levels have increased from 2006, even though the map shows a weakening of the Islamist terrorist group Al Qaeda and other groups operating under its umbrella. The global war on terrorism seems to have disrupted the command and control mechanisms of the groups, fragmenting the cells, Paul […]

July 31, 2007

1 min read

Government anti-terrorism measures target charitable transactions, open up new D&O exposures

Government anti-terrorism regulations that target purportedly charitable financial transactions — financial dealings that might instead be used in support of terrorist activities — have subjected Canadian charities to stringent regulatory requirements, and could potentially expose charities’ directors to personal liability, an Aon Canada advisory report warns. Potential consequences of anti-terrorism act violations could include loss […]

July 31, 2007

1 min read

Insurance company finance departments facing increased number of regulations

Insurance company finance departments are under pressure to adapt to an increasing number of regulatory changes while at the same time they are morphing from the role of “number-cruncher” to one of strategic contributor, according to a recent report by KPMG. In its report, Insurance Insights 2007, KPMG International’s research suggests that 50% of a […]

July 31, 2007

1 min read