Risk
American International Group, Inc.’s latest investment in technology meant to support data-driven approaches that help clients manage increasingly complex risks involves Human Condition Safety (HCS). Terms of AIG’s strategic investment in HCS – an early-stage technology start-up company developing wearable devices, analytics and systems to improve worker safety – were not disclosed, the company reports […]
By Canadian Underwriter | January 7, 2016
1 min read
Allianz Global Corporate & Specialty (AGCS) is looking to help its North American clients with preventing, preparing for and recovering from crisis incidents with the launch of a new division. The company’s new Crisis Management division will operate from within AGCS’s global liability line of business, which provides insurance and service solutions pertaining to product […]
2 min read
H.W. Kaufman Financial Group announced on Wednesday that it has acquired Toronto-based Technical Risk Services (TRS), a provider of loss control services, inspections and risk control consulting. TRS is a full-service loss control inspection and consulting firm that has operated in Ontario for more than 15 years, with expertise in large, complex commercial building inspections in […]
By Canadian Underwriter | January 6, 2016
Guy Carpenter & Company, a global risk and reinsurance specialist and wholly-owned subsidiary of Marsh & McLennan Companies, announced late Tuesday that overall capital levels dedicated to reinsurance have stabilized, showing no growth for the first time in several years. In a highly competitive environment, companies assessed broader opportunities and the rate of incoming capital […]
5 min read
John Bowey has replaced Gerry Hooper as chairman of Economical Insurance effective Monday, the Waterloo, Ont.-based carrier announced. Hooper, a former chief financial officer of Schneider Foods, stepped down as chair and “intends to continue serving” on the board of directors of Economical “until the expiry of his current term in 2018,” Economical stated Monday […]
By Canadian Underwriter | January 5, 2016
4 min read
Willis Towers Watson Public Limited Company, the successful completion of the merger of Willis Group Holdings and Towers Watson, began operating on Tuesday. The company, which will do business as Willis Towers Watson, follows the merger on Monday of Willis, a global risk advisor, insurance and reinsurance broker, and Towers Watson, a global advisory, broking […]
3 min read
RIMS, the risk management society, announced on Monday that Julie Pemberton will lead the Society as president for the 2016 term, which became effective as of Jan. 1. Pemberton (pictured left) is the director of enterprise risk and insurance management for Outerwall Inc., RIMS said in a media release. She has been a member of […]
By Canadian Underwriter | January 4, 2016
Shareholders' lawsuits alleging misrepresentation, pollution clean-up orders and privacy breaches are some of the major trends that could influence directors' and officers' (D&O) liability claims in Canada, experts suggest. The Supreme Court of Canada in December paved the way for class action lawsuits against a major Canadian bank and a motion picture firm - as well as directors and officers of each firm - arising from a drop in share price. Meanwhile, a clean-up order issued to directors of an insolvent Ontario manufacturer "set off alarm bells" among corporate directors, one lawyer reports.
December 31, 2015
13 min read
The standard auto policy in Ontario has an exclusion for carrying passengers for compensation or hire, and this could lead to denial of claims involving vehicles providing uberX service.
8 min read
It can be challenging to examine a claim if it involves a psychiatric or psychological issue. An adjuster may need guidance from professionals with expertise in mental disorders and from court decisions on causation and foreseeability.
7 min read
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