Risk
The industry’s pool for insuring high-risk drivers is asking the Newfoundland Public Utilities Board to approve a 41% hike in rates in that province.The Facility Association (FA), which offers mandatory insurance coverage to drivers who have been refused in the voluntary market, will go before the board to make its request tomorrow. The increase would […]
By Canadian Underwriter | December 10, 2002
1 min read
In the wake of devastatingly bad conditions, both drought and flood, damaging crops this year, governments are working towards a risk management program for the agriculture industry.This week, federal, provincial and territorial agriculture departments met to review proposals on the plan, part of the Agricultural Policy Framework.The APF includes a business risk management program, to […]
By Canadian Underwriter | December 5, 2002
Despite the introduction of new legislation to deal with some of the issues plaguing Ontario’s auto insurance market, and the decision not to open up B.C.’s auto market to competition, auto remains a top priority for the Insurance Bureau of Canada (IBC) in the year ahead. At the IBC’s annual general meeting, CEO Stan Griffin […]
By Canadian Underwriter | December 4, 2002
2 min read
The year past was marked by financial downgrades of insurers and reinsurers, investment write-offs, falling capacity, multi-million dollar reserving adjustments and a scarcity of new capital. And, oh yes, this year was the first “real round” of the so-called “hard market” as the property and casualty insurance industry pricing cycle rocketed upward in the aftermath […]
November 30, 2002
21 min read
And then there was one. As from the beginning of 2003, the minimum capital test (MCT) replaces the various minimum asset tests (MAT) currently applied across the Canadian property and casualty insurance industry.
5 min read
When the federal privacy act was passed in 2000 and insurers learned they would not fall under its requirements until 2004, implementation seemed a long way off. Now, the industry must step up its preparations, and there is no clear consensus on just what must be done to meet these new obligations. At the recent Insurance Bureau of Canada (IBC) Regulatory Affairs Symposium, the privacy debate kicked into high gear.
In 1995 Jan Tomlinson crossed the border to take over as president of Chubb Insurance Co. of Canada. That was also the same year one of the industry's premier organizations, the Women in Insurance Cancer Crusade (WICC) began raising funds to fight the dreaded disease. Since that time, Tomlinson has emerged as a strong voice for core underwriting discipline and claims service. She has also taken a lead role in the industry's battle against cancer as co-chair of WICC.
Adjusting vehicle head restraints, or headrests, can help prevent the pain of whiplash, says a new Canadian study. The message for drivers: rest up and save your neck.
Ice and snow removal contractors are in the insurance spotlight, as growing liability exposures force property and casualty insurance carriers to pull back coverage. Those insurers that remain in the business are taking a careful approach to underwriting - and loss prevention.
8 min read
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. To post events online, visit www.canadianunderwriter.ca and click on “Submit Your Event”. TIWA Dinner Meeting. Toronto, ON. For information […]
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