Risk
The annual 2005 Risk Insurance Management Canada Conference recently held in Montral acknowledged several individuals at the awards luncheon, sponsored by Lloyds. At the ceremony, which recognizes the need for professional advancement and the elevation of the risk management profession through education, keynote speaker and president of Lloyds of America Wendy Baker offered guests a […]
By Canadian Underwriter | September 27, 2005
2 min read
Integro (Canada) Ltd. recently hired David Spratt as chief financial officer (CFO). Working out of the Company’s Toronto office, Spratt will be responsible for all aspects of finance, administration, human resources and compliance for Integro Canadian operations. Most recently Spratt served as global CFO for the Marsh Captive Management practice in Bermuda and additionally, has […]
By Canadian Underwriter | September 16, 2005
Financial executives at the world’s top companies believe supply chain risks pose the top threat to companies’ revenue, according to a FM Global study. At the same time, close to half of all respondents in the study said risks associated with globalization and outsourcing are only a low priority or concern for their organizations, potentially […]
By Canadian Underwriter | September 13, 2005
RIMS Canada Council has announced "Next Steps in the Client-Broker Relationship," a keynote panel moderated by RIMS President Ellen Vinck, featuring Michael G. Cherkasky, President and CEO, Marsh; Joe Plumeri, Chairman and CEO, Willis; and Patrick G. Ryan, Executive Chairman, Aon Corporation. This panel discussion will take place on Monday, September 19, 2005, from 9:00-10:15 […]
By Canadian Underwriter | September 1, 2005
1 min read
Most expensive natural disaster to hit insurers
August 31, 2005
3 min read
The Certified Restoration Drycleaning Network (CRDN) will celebrate its first annual clothing drive this October. Posing a positive challenge to the insurance industry to dig deep into their closets, the drive will donate used women’s business attire to help economically disadvantaged women dress to prepare for interview success, acquire jobs and restore financial self-sufficiency. The […]
5 min read
The Ontario government recently implemented measures so that insurers must offer policies that allow good drivers to sever their records from bad drivers in the same household. Insurers traditionally look at all licensed drivers in the same household when setting a premium rate. As a result “clean” drivers had to pay higher rates if another […]
The Federal Motor Carrier Safety Administration recently issued new hours-of-service rules for commercial truck drivers to replace those that had been vacated by a U.S. Circuit Court of Appeals over a year ago; insurers claim these rules allow for too much time behind the wheel. Some of these old proposals are part of the new […]
Recently, even before Hurricane Katrina hit New Orleans, devastating the nation and causing near insurmountable damage, Allstate Corp. suggested a taxpayer backed catastrophe insurance pool might be the best bet for US consumers. Natural and manmade disasters from hurricanes, flooding, explosions and even terrorism are, as Katrina reiterates, inevitable. Yet it is apparent that the […]
Tumultuous talk about alternative risk financing vehicles from securitization to catastrophe bonds and captives has lead to one conclusion - reciprocal insurance exchanges present Canada with the most compelling case. Will the flurry of activity around reciprocals fade away as the market continues to soften or can organizations make the commitment to share their risks?
9 min read
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