With the rising trend of North American natural catastrophe losses, a great deal of attention is being turned to the development of computer simulated cat risk programs. Cat risk models are hardly a new technological advancement for the insurance industry, they have been around since the devastation inflicted on the industry by Hurricane Andrew. Forced […]
May 31, 1999
3 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. Insurance Institute of Ontario Ottawa Chapter: 40th Anniversary/Ontario Centennial Dinner Cruise. Contact Ellen Legault at 613-722-7870. Ottawa River, Ottawa, […]
May 31, 1999
1 min read
Workers compensation costs, safety and loss control programs, technology, the insurance marketplace and corporate human resources are among the top issues of concern facing risk managers in 1999, according to Liberty Mutual’s Risk Management: Ideas at Work survey released at RIMS. John Ryan, Liberty Mutual’s vice president of commercial marketing, says risk managers are utilizing […]
May 31, 1999
3 min read
Dallas, Texas was the site of the Risk & Insurance Management Society's recent 37th annual conference and exhibition where 4500 delegates met, networked, and examined a profession undergoing large-scale transformation.
May 31, 1999
6 min read
Exel Ltd. Mid Ocean Ltd. Employers Reinsurance Corp. IndustrialRisk Insurers Exel Ltd. Mid Ocean Ltd. ACE Ltd. Cat Ltd. Partner Re Ltd Winterthur Re Gerling Constitution Re As we peer into 1999, one clear fact emerges from our review of the finances of the reinsurance industry: this is a great buyer’s market with abundant capacity […]
March 31, 1999
7 min read
Despite plummeting international commodity values — which over the last decade have made mining equities less than the darlings of stock markets — the Canadian mining industry is expanding at a healthy clip. It is estimated that 100 new mines will have opened in Canada between 1997 and 2000, with Canadian mining companies spending more […]
March 31, 1999
3 min read
Intense competition, increasing litigation and the rising cost of claims is decreasing profitability in directors and officers (D&O) liability insurance market, a panel of executives told the D&O Liability and Issues Symposium sponsored by the Professional Liability Underwriting Society (PLUS). John Cavoores, president of National Union Fire Insurance Company, warns that growing competition in the […]
March 31, 1999
2 min read
In January, more than two hundred of the world’s leading scientists met in Geneva to discuss what we should do about our changing weather. This gathering is part of an even larger working group that has been making steady research progress for more than ten years. But as each new storm passes, it reminds us […]
March 31, 1999
6 min read
The CICMA and CIAA 99 Joint Conference – held in Toronto in February – focused on the competitive challenges reshaping the p&c insurance industry. The overall message delivered at the event was clear: the process of industry change, mainly as a result of merger and acquisitional activity, is far from over with the effects being […]
March 31, 1999
6 min read
Lindsey Morden Claims Services Ltd. has officially changed its name to Cunningham Lindsey Canada Ltd., a move to harmonize the company’s identity worldwide. “As a large, strong global company, sharing this common identity amongst our claims and risk management services illustrates our ability to provide seamless, consistent service around the world,” says Ken Polley, president […]
March 31, 1999
1 min read