Risk

DARWINISM: a new philosophy driving consolidation

Is big really better? Can companies operating in the new global order that would seem to be defining the rules of business governing the property and casualty insurance industry afford not to buy up or get out? These were pivotal issues debated by senior leaders of North American insurance companies at a "national leadership symposium" held in San Francisco and jointly sponsored by The Council of Insurance Agents and Brokers and investment banker Russell Miller Inc.

March 31, 2001

9 min read

LEGAL COUNSEL COSTS: VALUE OR NOT?

Insurers today do not retain trial counsel. They retain counsel to prepare a case for settlement with the view that the appropriate legal resources will be available if ever needed. Unfortunately, the current working relationship of hourly billing that exists between insurers and their outside legal counselors has created an ineffective and costly process which cannot go unresolved. However, there are alternative fee solutions which can work for all parties.

March 31, 2001

9 min read

VANCOUVER’S REAL EARTHQUAKE RISK: FIRE

The recent earthquake which shook residents of Seattle and Olympia in north Washington state has given risk managers with exposures in southwestern British Columbia more than a mild shudder. It has long been known that the highly urbanized cities of Victoria and Vancouver, plus the industrialized lowlands of southwestern B.C., face a high and unavoidable […]

March 31, 2001

11 min read

Pafco team back in business with Co-operators

Co-operators General Insurance Co. has sold around half of its stakeholding in wholly-owned specialty auto risk insurer Echelon General Insurance Co. to a group of former senior executives of Pafco Insurance Co. who left the company after it was taken over by Allstate Insurance Co. of Canada in 1998. The exact shareholding acquired in Echelon […]

March 31, 2001

1 min read