Risk

Putting the Brakes on Air Brake Failure

Education is key to limiting damage and injuries caused by air brake failures in trucks

April 30, 2007

4 min read

Coming Up Threes

At first blush, selling a brokerage at two times commission revenue makes sense. So why are today's brokerages focussed on selling for three times commission?

April 30, 2007

3 min read

Risk

Maintaining Distinctions

One challenge for the industry in 2007 will be to avoid a collapse of the important distinction between independent brokers and captive agents

April 30, 2007

6 min read

Risk

Pillars of Market Discipline

Sales get all the attention, but underwriting, claims and actuarial departments are equally essential to preserving underwriting rationality and market discipline

April 30, 2007

4 min read

Risk

Echelon opposed to Ontario FA redesign proposal

Echelon is strongly opposed to the Ontario Facility Association’s most recent proposal to redesign its residual market structures, according to a statement from the company. “The proposed changes would revamp the current Risk Sharing Pool (RSP) –which was originally designed to provide partial and temporary relief to insurers who are adversely affected by ‘take-all-comers’ regulations […]

April 30, 2007

1 min read

Risk

MPI invests Cdn$5 million in truck driver training

Manitoba Public Insurance [MPI] intends to invest Cdn$5 million over the next three years in a training partnership aimed at Manitoba’s commercial trucking business. “Over the next three years, annual injections of Cdn$1.65 million will help up to 750 Manitobans become Class 1 drivers –a skill in serious demand as the trucking industry deals with […]

April 30, 2007

1 min read

Risk

Car thieves fitted with GPS tracking devices

Twenty Manitoba car thieves will be fitted with GPS tracking devices in the fall as part of a one-year pilot project to fight auto theft, according to the CBC. “Under the program, the highest-risk repeat offenders will wear location-monitoring devices such as ankle bracelets,” the CBC reported on its Web site. Citing Manitoba Justice Minister […]

April 30, 2007

1 min read

Risk

Moves (May 01, 2007)

The Canadian Insurance Professio-nals Society (CIP), the professionals’ division of the Insurance Institute, has launched a series of monthly “emerging trends and issues” papers to focus discussion by experts on a variety of leading-edge topics. The first in the series is an analysis of pandemics, which is currently available to members online. Subsequent papers are […]

April 30, 2007

7 min read

Risk

Insurers, reinsurers urged to improve communications with public (May 01, 2007)

Swiss Re has structured and placed US$150 million [approximately Cdn$172 million] of securities covering flood and earthquake catastrophic events in Canada, Great Britain, and the United States on behalf of Allianz Global Corporate & Specialty AG. The multi-peril issuance is part of a US$1-billion program designed to provide protection against high-severity losses incurred from earthquakes […]

April 30, 2007

1 min read

Risk

Views (May 01, 2007)

The Georgian Bay Chapter of the Insurance Institute of Ontario celebrated its 30th anniversary in Barrie, Ontario with a ’70s theme night. The chapter was formed on Apr. 20, 1977, at an inaugural meeting in Barrie. Members immediately set about organizing classes throughout a very large territory; the chapter now has more than 660 members. […]

April 30, 2007

2 min read

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