Property & casualty insurance is a pure risk product that must be kept separate from the financial, wealth management and investment-based services provided by life insurers and banks, George Cooke, president of Dominion of Canada General Insurance Company, told a Toronto Board of Trade breakfast recently. Cooke, advocating banks not be allowed to retail insurance […]
March 31, 1999
2 min read
‘-based Reliance National, a subsidiary of Reliance Group, has introduced Enterprise Earnings Protection Insurance (EEPI), the first insurance policy designed to protect publicly held companies against earnings disruption volatility and adverse results. EEPI covers a wide range of circumstances that can negatively impact a corporation’s earnings, such as a decrease in demand for goods and […]
February 28, 1999
1 min read
The Dallas Convention Centre will host the 37th Annual RIMS Conference & Exhibition, expected to draw more than 9,000 risk management professionals from April 11th to the 16th. The conference will feature guest speaker Colin L. Powell, former U.S. Joint Chief of Staff. It will also host more than 150 educational programs and 40 industry […]
February 28, 1999
1 min read
Risk managers believe they have gained a small victory on the quality of service battleground with the insurance industry. The Risk & Insurance Management Society Inc. (RIMS) and global-brokers J&H Marsh & McLennan recently issued a joint statement to the effect that the brokerage has agreed to reveal contingency commission arrangements to clients on request. […]
February 28, 1999
2 min read
Reduced profitability, rising underwriting losses, increased competition and higher technology costs are likely to form the stage for the North American property and casualty insurance industry in 1999, according to the vast majority of respondents in an Insurance Information Institute (III) survey conducted at the annually held Joint Industry Forum which recently took place in New York City.
February 28, 1999
4 min read
Health management services have been an all or none proposition for corporate Canada. A company traditionally has to buy a bundle of services from one provider or assemble a program from a group of vendors. Liberty Risk Services Canada wants to change that. The Toronto-based company is taking a new tactic to health management with […]
February 28, 1999
3 min read
Single Male, Age 20 $1,245 $3,256 $4,906 Driver Vancouver Calgary Toronto Single Male, Age 20 $1,245 $3,256 $4,906 Single Female, 20 $1,245 $1,901 $2,855 Single Male, 30 $1,160 $1,036 $1,429 Married Male, 45 Married Female,42$1,096$1,819$2,684 Single Male 17 Married Male 55 Married Female, 52$1,096$897$1,186 Driver Vancouver Calgary Toronto Single Male, Age 20 $1,245 $3,256 $4,906 […]
February 28, 1999
8 min read
Every end is a new beginning. This has never been truer than in today’s fast paced world where everyone and everything is constantly being reinvented. As I look at my career in the risk management field, I can see that risk management is an evolutionary process where people and companies become more aware of their […]
February 28, 1999
6 min read
Despite deteriorating conditions in the property and casualty insurance market, insurers continue to slash already low premium rates. Market observers forecast this trend to continue for at least 24 months as insurers prioritize marketshare over revenue prosperity. Simply put, the insurance price war – particularly intense in the commercial lines arena – can only lead […]
February 28, 1999
8 min read
The risk management profession is coming of age, says Susan Meltzer the incoming president of the Risk and Insurance Management Society Inc. Meltzer will be the fifth Canadian president to take the reins of North America's most prestigious organization representing the development of risk managers. She is also the first Canadian woman to occupy the presidency chair of RIMS, a task she does not find daunting in the least. Her message: it's time for risk managers to look ahead.
February 28, 1999
6 min read