Risk

“Us” Versus “Them”

I stood at the entrance to our company’s boardroom, shaking hands and exchanging goodbye greetings with our select group of brokers as they filed out. Beside me, my boss Fred Wilson was doing the same. Today had been one of the regular meetings of our Broker Liaison Group, and it had not gone particularly smoothly. […]

September 30, 2005

10 min read

Preparing for the worst

As the old saying goes, those who ignore history are doomed to repeat it. That’s why some form of publicly funded program should be created for Canadian cities that wish to heed more than a decade of advanced research and warnings by the Canadian insurance industry and take preventative action before Canada meets up with […]

September 30, 2005

4 min read

Contingent Profit: Dousing a Political Firestorm

Canadian brokers hope to extinguish the current conflagration around contingent profits. The question is, will Canada's insurance regulators agree to cool down their recent interest in disclosure and transparency issues?

September 30, 2005

10 min read

E&O claims on the rise

Ironically, the same brokers educating consumers about dramatic price increases in the most recent hard market were hit with their own rate hikes on professional liability insurance. While premiums are beginning to stabilize for broker errors and omission (E&O) coverage, there are still some troubling signs in claims severity for this class of business.

September 30, 2005

8 min read