Risk

Better business models required for a positive 2006 (January 01, 2006)

The primary non-life sector is expected to attain positive results in 2006 with primary premiums growing above inflation and specifically, significant increases arising in classes impacted by 2005’s hurricane season, Swiss Re reported at its recent annual review and outlook for the insurance industry. In order to maintain positive results in light of strong competitive […]

December 31, 2005

2 min read

TRIA extension passed

The Terrorism Risk Insurance Revision Act of 2005 has been approved by a voice vote from house lawmakers in December 2005. The legislation was, at time of press, left waiting a sign-off from President Bush. The federal terrorism backstop is in line to be renewed in two years. The new legislation, which follows a Senate […]

December 31, 2005

2 min read

Liquor fines influence B.C. auto insurance (January 01, 2006)

Provisions recently passed to B.C.’s impaired driving legislation allow the Insurance Corporation of B.C. (ICBC) to refuse vehicle or trailer insurance to any driver who has an outstanding fine under the Liquor Control and Licensing Act. The new provision reads that even if a driver was not driving but had been fined for an alchohol […]

December 31, 2005

2 min read

Views (January 01, 2006)

Clearing their closets for a good cause, members of the insurance industry formed a clothing collective that donated over 1,800 lbs of gently used women’s business clothing and accessories to the first annual industry clothing drive to benefit Dress For Success Toronto. The Dress for Success not-for-profit organization helps financially disadvantaged women dress for interview […]

December 31, 2005

7 min read