Home
U.S. insurers are reacting positively to news of the re-election of George W. Bush. Despite the Bush administration’s failure to pass tort reform measures to lighten the burden of class action, asbestos or medical malpractice litigation, the Property-Casualty Insurers Association of America (PCI) says, “Tuesday’s election was a vote for free markets, less litigation, and […]
By Canadian Underwriter | November 7, 2004
1 min read
Recent studies have brought the Canadian property insurance industry to one of its biggest challenges in modern history - the knowledge that the majority of its residential property policies are underinsured by significant amounts. And although the need for immediate action is obvious, concerns within the industry about how to go about it are understandably present. The urgency of addressing this industry-wide issue demands that we all move forward and that we do so quickly.
By Klaas Westera | October 31, 2004
5 min read
Each month of this special 70th anniversary year, Canadian Underwriter will look back at a pivotal period in the industry's history. These are the people, events and issues that have shaped Canadian Underwriter and the insurance industry for seven decades.
October 31, 2004
3 min read
Ending weeks of speculation, ING made official its purchase of Allianz of Canada Inc. The Allianz portfolio of p&c business includes subsidiaries Allianz Insurance Co. of Canada and Trafalgar Insurance Co. of Canada (which handles group business), as well as broker consolidator Canada Brokerlink, which operates in Ontario and Alberta. The new business, which includes […]
U.S. property & casualty insurers turned in a record performance in the first six months of 2004, with net income hitting US$23.5 billion, and policyholder surplus reaching $370.4 billion, according to data released by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI). This year’s strong performance well outpaces the […]
2 min read
In the wake of the worst Atlantic hurricane season in recent memory, U.S. insurers have posted record third-quarter catastrophe losses of US$21.3 billion, according to data compiled by the Property Claim Services unit of the Insurance Services Office (ISO). 2001 had previously been the worst third quarter on record, with US$19.5 billion in property losses […]
U.S. property & casualty insurers turned in a record performance in the first six months of 2004, with net income hitting US$23.5 billion, policyholder surplus reaching $370.4 billion, according to data released by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI).This year’s strong performance well outpaces the first half […]
By Canadian Underwriter | October 18, 2004
As the second phase of the World Trade Center insurance coverage trial begins this week, one lawyer says a key difference in this case will be the “intent” of insurers.Most of the carriers who insured the WTC when the towers collapsed on September 11, 2001 as a result of terrorism were successful during the first […]
By Canadian Underwriter | October 13, 2004
"Quick wins" by insurance companies in critical information technology (IT) areas can dispel the frustration and fatigue surrounding runaway, failed projects. The scale of the project is just one of many factors separating outsourcing success from disaster.
By Tom Reid and Kevin Campbell | September 30, 2004
Although it remains an unprofitable business, auto insurance results did improve in 2003, according to a soon-to-be-released report from A.M. Best. In its statistical review of auto insurance, the rating agency finds premiums rose and losses declined in 2003, particularly for the top 25 writers in Canada. As a result of premium increases, auto insurers […]
September 30, 2004
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
