Risk
UAB Group president and CEO Serge LaPalme (right) is welcomed to the neighborhood by Markham Mayor Don Cousens. UAB Group marked the official opening of its new offices at 90 Allstate Parkway in Markham, which consolidates its Toronto operations. It was also a chance to celebrate the success this “one-stop insurance risk stop” has enjoyed […]
October 31, 2001
2 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. Canadian Institute Conference: Regulatory Compliance. Toronto, ON. Call 416-927-7936 or visit www.CanadianInstitute.com to register. November 20 to 21. London […]
1 min read
A new report from analysts Conning and Company says U.S. property and casualty insurers will begin pricing “terrorist attack risk” separate from other coverage in light of the September 11 terrorist attacks. The report also suggests that maximum probable loss in claims will be refigured to a higher level and priced accordingly. As well, Conning […]
By Canadian Underwriter | October 18, 2001
The Newfoundland government is putting auto insurance reform on the table, releasing a discussion paper that proposes restrictions on the ability to make claims for pain and suffering as a result of minor accidents. Medical and financial claims would remain accessible, and claims for pain and suffering on permanent or serious injury cases.Government Service and […]
By Canadian Underwriter | October 5, 2001
The future of aviation insurance, as well as airport and air navigation facility coverage, are the subject of debate and speculation since the September 11 terrorist attacks. The National Post reports Canadian Transport Minister David Collonette says the government could step in long-term to cover the country’s airline industry. The federal government, along with several […]
The images of death and destruction that burned into our consciousness on September 11, 2001, will forever haunt us. Over time, the buildings, airplanes, and property damage can be replaced or repaired, however the horrific and sudden loss of life will always remain with us. The human suffering from this disaster is incalculable. Although life can never be replaced, life insurance can help prevent further financial trauma. Life insurers and life reinsurers are now called upon to make good on promises made to policyholders.
September 30, 2001
4 min read
As delegates at the 2001 Canadian Risk and Insurance Management Society (CRIMS) Conference learned of the tragic terrorist attacks carried out in the U.S. mid-way through the gathering, normal sessions were put aside and attention turned to the implications, both personal and professional, of these historic events. Amidst fears for co-workers possibly involved in the World Trade Center (WTC) crisis and a general outpouring of sympathy, risk managers tried to understand the disaster, and perhaps even take some lessons.
6 min read
The combined impact of increased customer expectations and the shifting competitive landscape is driving significant change in the Canadian service industry. More than any other factor, it is the ability of insurers to work closely with brokers in a true partnership relationship, driving out costs and delivering true value to the customer, that will determine the success of the players.
Terrorism, and the cost of terror, has taken the forefront of catastrophic loss concerns of the global insurance industry. Until September 11 of this year, when acts of terrorism perpetuated in New York City and Washington D.C. brought about destruction of unprecedented magnitude and horror, the concept of such a loss was unimaginable in North […]
13 min read
The events of September 11th, 2001 not only stunned the majority of mankind through the sheer evil of the acts committed, but served as a clarion call to the U.S. business community of its exposure to the threat of economic terror.
3 min read
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