Risk

Making Connections at Saskatoon 2002

The RIMS Canada Conference recently brought together risk managers and their insurance partners in Saskatoon. Along with educational sessions and exhibits, there were also many opportunities for networking. From Saturday night parties hosted by Cunningham Lindsey and Crawford Adjusters to Tuesday’s reception hosted by UAB Group, with photo-taking courtesy Shumka Craig & Moore, events led […]

October 31, 2002

1 min read

Reinsurance Strategies 2003: Keeping the Boat Afloat

While the underlying tone of last year's reinsurance treaty negotiations in the aftermath of 9/11 was "price! price! price!" - with an average upward rate adjustment of about 40% having been implemented across the Canadian marketplace - the 2003 renewals are likely to be driven by a tightening of coverage terms and increased use of exclusions, say CEOs partaking in CU's annual "Reinsurance Strategy Outlook". That said, pricing will most definitely be a factor in the upcoming treaty renewal round, with certain classes of business such as liability - which has incurred significant losses primarily as a result of the hemorrhaging auto markets - likely to face rate adjustments of between 40% to 80%. Exclusions on emerging perils such as asbestos, mold and nuclear will also feature dominantly in the renewals. Overall, the CEOs say, expect reinsurers to apply detailed underwriting as international pressure continues to restrain capacity until the tumultuous waters of the marketplace return to a profitable calm.

October 31, 2002

17 min read

Toxic Mold Claims: Covering the Bases

Events in the Texas homeowners' insurance market have sent a chill through the North American insurance industry - multi-million dollar court awards, big company withdrawals, exclusion debates. In Canada, insurers have seen the mold threat coming as they watch their U.S. counterparts struggle to keep pace with this emerging peril. And, while there is agreement that mold has the potential to hit the Canadian market just as hard, insurers are looking south to learn from the U.S. example before it becomes too late.

October 31, 2002

9 min read

Coming Events (November 01, 2002)

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”. CIAA (Accountants) Seminar & Luncheon: Regulatory Issues. […]

October 31, 2002

2 min read