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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
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 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 […]
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 […]
There is a distinction between primary, excess and/or umbrella policies when “other insurance” policies are called upon to respond in situations when primary coverage has been exhausted, the Ontario Court of Appeal ruled recently. In McKenzie v. Dominion of Canada General Insurance Company, a policyholder, Michael McKenzie, was involved in a serious boating collision in […]
Canada could learn some lessons from Hurricane Katrina damage in New Orleans to prepare for this country's next big earthquake
14 min read
Over the course of her 27-year career, Janice Ochenkowski, the incoming president for the Risk and Insurance Management Society (RIMS), has enthusiastically embraced adaptation as a means to further her professional life and lead an evolving profession.
6 min read
B.C. and Alberta have both introduced proposed changes to their Insurance Acts. The amendments are intended to clarify when fire damage can be excluded from coverage and when it can't be.
10 min read
Good risk managers will find ways to link their risk management efforts with organizational competitiveness
Fresh, innovative D&O and E&O products are required to help protect members of Canada's newly-established investment fund review committees
8 min read
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