Risk
REGULATION Ottawa drafts rules on mutual conversions Economical Insurance has “welcomed” the federal government’s proposal to broaden the Cabinet’s power to make regulations on the conversion of mutual insurance companies into companies with common shares. Conservative MP Peter Van Loan tabled Bill C-31 in the House of Commons in March. In addition to implementing part […]
March 31, 2014
7 min read
A mix of environmental, economic and sociological pieces make up a costly puzzle when it comes to water damage risk and the potential effect on Canadian property insurance pricing.
February 28, 2014
Bev Duthoit and Valerie Barber, co-chairs of the 2014 RIMS Canada Conference, say a changing risk landscape is now simply a business reality.
5 min read
Understanding and managing operational risks will be key to success in 2014, suggests a new outlook from Aon Risk Solutions. Organizations are advised to test the strength of their existing programs and develop risk management practices to lower their total cost of risk.
6 min read
For property and casualty insurers today, "risk" is a lot more than a four-letter word. By leveraging technology and focusing on the customer, and understanding of new and emerging risks can serve as a means for insurers to position themselves for growth going forward.
1 Gore Mutual Insurance Company of Cambridge, Ontario recently announced its president and chief executive officer, Kevin McNeil [1a], will retire June 30. Effective February 17, Heidi Sevcik [1b], former vice president of claims, became Gore Mutual’s new chief operating officer, reporting to McNeil. Sevcik will take on duties as president and CEO July 1. […]
4 min read
James Cameron, honoured last fall with the Established Leader Award from The CIP Society, knows full well the value of giving back to one's industry, one's business and one's self.
January 31, 2014
Auto insurance, severe weather, profitability and interest rates were among the topics discussed at CW Consulting's Crystal Ball in January. Among other issues, industry executives explained why the data gleaned from their telematics devices identify them as bad drivers.
Commercial brokers waste time and create needless aggravation if they have to leave their own commercial management system and then log in separately to a carrier's system in order to look up a client's policy wording. With real-time wording lookup, brokers store portal credentials, save time and cut the risk of referring to an out-of-date policy wording.
Telematics is generating plenty of buzz, but it has yet to be seen whether the technology will simply be an expensive discounting tool.
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