There’s a new insurance company on the block with a 165-year history, following the recent merger of commercial/industrial property insurers Allendale Insurance, Arkwright, Protection Mutual Insurance and their affiliate Factory Mutual. The new company will market itself as FM Global. FM Global customers now have a single organization to deal with and a stronger global […]
July 31, 1999
3 min read
Several months ago Northern Telecom shook the Canadian business community when it announced plans to relocate to the U.S., mainly due to the high personal income tax structures in Canada which make it difficult if not impossible to compete against American companies for employee talent. In mid-June, Finance Minister Paul Martin broadly addressed the “brain […]
July 31, 1999
9 min read
Monday, September 20 Plenary session at 8:30am examining Swiss Air Flight 111 which crashed off the coast of Halifax, Nova Scotia. How did the government of Nova Scotia deal with this terrible tragedy and what lessons can be learned? Government personnel directly involved with the disaster will share their experiences. The second plenary session, entitled […]
July 31, 1999
1 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 Insurance Accountants Association: Annual Conference. Contact Paul Mann at 905-274-2722. The Prince Edward Hotel, Charlottetown, PEI. Sept. 19-22. […]
July 31, 1999
1 min read
The property and casualty insurance industry in North America will have to come to grips with the growth in e-commerce — in terms of client demands for cover as well as managing their own exposures to the Internet, a national live broadcast debate recently held by the U.S. Chartered Property Casualty Underwriters Society (CPCU) decided. […]
July 31, 1999
3 min read
St. Paul Fire and Marine Insurance Co. has announced Doug Wyseman, a leader in the field of risk management for the public sector, has joined the company to establish niche loss control services for its new public sector insurance division. Wyseman is a twenty-five year veteran of the risk management profession. The board of Royal […]
July 31, 1999
2 min read
Equisure Financial has made application to amend the name of its wholly owned chartered trust company to Equisure Trust Company from Evangeline Trust Company. Insurance Technology Advisors Ltd., a Canadian insurance marketplace consulting practice, announced that Domenic Maggio has joined the practice as a senior partner. Ontario Risk and Insurance Management Society has chosen its […]
June 30, 1999
2 min read
Insurance companies were warned that the deadline for Y2K is nearly here, for both internal company systems and external coverage policies. At a morning session addressing all aspects of Y2K, TRAC Insurance Services Ltd. general manager Joel Baker revealed results from TRAC’s end of 1998 Y2K readiness survey. “Based on the data, I maintain that […]
June 30, 1999
2 min read
The numbers say it all. Canada’s property and casualty insurance industry suffered one of its worst year-on-year performances last year, posting a modest return on investment of 7.1% — nearly half of 1997’s rate of return. Heavy underwriting losses incurred in 1998 — primarily due to the January ice storm — took a heavy toll […]
June 30, 1999
12 min read
The pendulum on road safety from an insurer perspective is swinging back from mechanical design of vehicles to a more holistic view of driving skills and adequacy of road infrastructure, delegates were told at the Insurance Information Centre of Canada’s (IICC) recently held Automotive Insurers & Manufacturers Forum. In addition, the forum’s speakers called for […]
June 30, 1999
4 min read