Risk

Shining Light on the “Auto Claims Economy”

Risk

Shining Light on the “Auto Claims Economy”

With auto insurance losses over the past two years having left many insurers in the "dark" in terms of how to deal with the costing of the product, there was a certain irony behind a recently held conference which focused on relationships between the various vendors and manufacturers involved in the auto claims chain - for in the midst of the event, the "blackout of 2003" struck. However, despite the adversity of the power outage, the conference's participants were upbeat regarding a "new light" of cooperation between the various players toward achieving cost efficiency.

August 31, 2003

5 min read

The Talent War

Risk

The Talent War

The fact that there is a dearth of talented new recruits coming into the insurance and risk management fields is hardly hot news. There are more than 200 property and casualty insurance companies, 7,500 brokerages and 1,500 independent adjusting firms employing about 110,000 people, according to the Insurance Institute of Canada (IIC) - not to mention risk management professionals, lawyers, and others associated with the industry. With most insurance education programs boasting 100% placement rates for graduates, the question is why are young people not choosing insurance as a career?

August 31, 2003

4 min read

Decorative pattern

Risk

Letters to the Editor (September 01, 2003)

Dear Editor, Don Callahan is likely correct in his statement that “I cautiously (my emphasis) add that Canadian licensed reinsurers, regardless of the precarious position of their parents, will have sufficient capital to support run-offs view of strong scrutiny in this country” (CU July 2003 “Reinsurance Perspective: 2004 Treaty Outlook”) However it is critical for […]

August 31, 2003

5 min read

Decorative pattern

Risk

In Memory (September 01, 2003)

The insurance industry lost a long-time friend recently with the passing of John (Jack) Lawrence Charles Lyndon. Born in 1934, he was called to the Alberta Bar in 1962, and later served as Deputy Minister of Consumer & Corporate Affairs under Alberta Premier Peter Lougheed. In 1978 he became president & CEO of the Insurance […]

August 31, 2003

1 min read