Risk

France, Germany face almost $1.5 billion loss from windstorm

Windstorm Calvann, which swept across France and Germany late last week, has produced Eur900 million in insured damages (Cdn$1.47 billion), according to preliminary estimates from Risk Management Solutions Inc.The California-based catastrophe risk management solutions provider says the January 2 storm affected almost the same territory as that devastated by 1999’s Windstorm Lothar, for which RMS […]

By Canadian Underwriter | January 8, 2003

1 min read

A.M. Best affirms ratings of Gerling primary cos. (January 07, 2003)

Rating agency A.M. Best has affirmed its “A- (excellent)” financial rating of Gerling-Konzern Allgemeine Versicherungs AG (GKA) and its primary insurance subsidiaries of Gerling Canada Insurance Co. and Gerling America Insurance Co.A.M. Best cites Gerling’s leading position in industrial insurance coverage coupled with the groups recently announced restructuring plans as the prime strengths of the […]

By Canadian Underwriter | January 6, 2003

2 min read

Insight: B.C. Auto Insurance Deregulation: Anchored?

The B.C. government’s announcement toward the end of last year that it plans to maintain crown insurer the Insurance Corp. of British Columbia’s (ICBC) monopoly position in providing basic auto coverage has left a bad taste in the mouth of the private insurance industry. Insurers had hoped that the newly elected Liberal Party government under […]

December 31, 2002

11 min read

That Cements It: the Lafarge Cement Case, New Directions From the Ontario Court of Appeal

On December 11, 2002, the Ontario Court of Appeal released its long awaited decision on the insurance issues in Alie et al. vs. Bertrand & Frere, Lafarge Canada. The case provided crucial insight into the application of exclusions and occurrence trigger theories In addition to being one of the longest and most costly trials in […]

December 31, 2002

7 min read