As I approached the first aisles of the “Exhibitors’ Showcase” it occurred to me for perhaps the sixth or seventh time just how technologically advanced our business had become. The three-day-long brokers’ convention had started, and half of the convention floor in our city’s largest hotel had been converted into an impressive showcase of computers […]
February 28, 1999
9 min read
The Export Development Corporation (EDC) posted record year end results for 1998. The corporation provides financial and risk management services to Canadian exporters, serving a record 4,183 exporters last year — a 13% increase on 1997. The EDC’s business volume grew by 21% in 1998 from a year earlier with a record $34.7 billion and […]
February 28, 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. Insurance Bureau of Canada: Financial Affairs Symposium. Contact Tracy Waddington at 416-362-2031 ext. 352. Sheraton Centre, Toronto, ON. Mar. […]
February 28, 1999
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 Insurance Accountants Association: Seminar & Luncheon. Contact the CIAA at 905-274-2422. Toronto Hilton Hotel, Toronto, ON. Mar. 10. […]
January 31, 1999
1 min read
At the time, it captivated Canadians across the country and even today is at the top of book best seller lists. The raw power of nature displayed by the ice storm which paralyzed south eastern Ontario, Quebec and parts of the northern U.S. in January last year continues to attract public attention. However, the experience […]
January 31, 1999
7 min read
U.S. insurers will feel the earnings pinch this year, with many companies forced to take on riskier investment exposures to bolster their bottom-lines, says Ernst & Young’s 1999 “State of the Insurance Industry” report. Other findings warn the U.S. property and casualty insurance industry of increased foreign competition and international mergers which will likely lead […]
January 31, 1999
1 min read
Bugs, big deals, bad spills and a certain public official’s sexual high crimes and misdemeanors were all key factors driving the corporate insurance market throughout 1998. And the same scary financial exposures will likely be very much in the minds of Canadian risk managers, their insurers and intermediaries for much of 1999, key industry players […]
January 31, 1999
9 min read
With most insurance claims the paper trail starts with an incident report. The incident report is then prepared as a claim report by the internal claims handler who in turn creates a paper track process. A third party adjuster then creates a file and, with larger claims involving risk managed environments, the broker and the […]
January 31, 1999
6 min read
New York-based Worldwide Weather Trading (WWT), a trading company dealing exclusively in weather hedges, has announced agreements with 10 reinsurers to underwrite its trading risk. With the announcement, the company unveiled its new trading offices in New York, facilitating full-scale trading operations. WWT, along with reinsurers such as Hannover Re and Zurich Re, are among […]
January 31, 1999
1 min read
Instant communication has come to the computer desktop through a miraculous little software company called Mirabilis. The Tel Aviv based company has revolutionized communication across the Internet with its innovative little program called ICQ which translates to the not-quite-acronym “I Seek You”. ICQ is a program that, once installed on an Internet-connected computer, acts as […]
January 31, 1999
4 min read