Claims
Swiss Re has structured and placed US$150 million [approximately Cdn$172 million] of securities covering flood and earthquake catastrophic events in Canada, Great Britain, and the United States on behalf of Allianz Global Corporate & Specialty AG.The multiperil issuance is part of a US$1 billion program designed to provide protection against high severity losses incurred from […]
By Canadian Underwriter | April 10, 2007
1 min read
The financial costs of extreme weather events have been increasing by an average of two per cent a year since the 1970s, Dr. Robert Muir-Wood, chief research officer of Risk Management Solutions (RMS), said in response to the chapter, The Summary for Policymakers in the Intergovernmental Panel on Climate Changes (IPCC) most recent report.Dr. Muir-Wood […]
By Canadian Underwriter | April 9, 2007
The insurance industry should start planning and modeling for a higher level of losses across the world by the middle of this century, as sea levels rise and large portions of polar ice sheets begin to melt, according to a report by Lloyds of London.In its report, 360 Risk Project, posted online, Lloyds warns that […]
By Canadian Underwriter | April 5, 2007
The Intergovernmental Panel on Climate Change (IPCC) is preparing to launch its second report this year, which found that Canada can expect to see major issues around heat waves and water shortages, reports the Toronto Star. The Star obtained a near-final draft of the reports technical summary, and reported that nearly six pages of the […]
By Canadian Underwriter | April 2, 2007
Maintaining the Leadership Position
By Craig Harris | April 1, 2007
13 min read
El Nio – which moderated storm activity last year – has dissipated, thereby increasing the likelihood of 2007 being an active season, according to Tropical Storm Risk (TSR), a consortium of experts on seasonal climate forecasting led by the Benfield UCL Hazard Research Centre. TSR predicts Atlantic basin and U.S. landfalling hurricane activity in 2007 […]
April 1, 2007
If the exterior of a building is a reflection of what lies within, then the independent adjusting firm of Angell, Townson & Williams (AT&W) chose their home wisely. Located within a heritage post office in Aurora, Ontario, the 18-year-old company is a reminder of the grand old days of small businesses. AT&W was formed in […]
By Andrea Orazi | April 1, 2007
5 min read
Insurance defence lawyers indicate the law is currently in a state of flux when it comes to claims trends
By David Gambrill | April 1, 2007
6 min read
New Brunswick judge releases straightforward decision for keeping auto injury claim under $2,500.
By Vanessa Mariga | April 1, 2007
Jay Perry, the chair of CCIF's national accreditation committee, sits down with Claims Canada to discuss the progress of national collision repair centre accreditation.
By Andrea Orazigambrill | April 1, 2007
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