Industry
It has been five years since the successful implementation of a performance management process at the Rollercoaster Indemnity Co (RIC). The company, with Stanley Uris as regional director of operations, is now leading the way in claims handling. Other insurance and risk management companies, having seen the power of the process, are struggling to play catch-up. The once thriving, proof-of-quality market has begun to crumble; more and more, companies are taking responsibility for quality assurance and stakeholder confidence is beginning to grow. Stanley and RIC are moving into a new, self-sufficient and self-sustaining future, built on a performance culture populated with knowledge workers....
By Mike Laberge, president, Performance Imperative Inc. | September 30, 2005
4 min read
After making headway in cleaning up the muddied broker image and restoring consumer confidence in insurance business practices, Ontario's independent brokers have hit another roadblock - the Bank Act review. Bankers are lobbying the federal government to change the Bank Act so that local bank branches can sell insurance products. Incoming IBAO president Beth Pearson says that with the support of the IBAO, Ontario's brigade of brokers is ready to battle the banks with an arsenal of strong lobbying and enhanced communication that reiterates the value inherently offered by brokers.
September 30, 2005
7 min read
Ontario insurers agree with the government that assessment centers are a terminal case
By Craig Harris | September 30, 2005
9 min read
Allstate Insurance Company of Canada has created an alliance with Pethealth and its PetCare Insurance Programs to bring economic accident and illness care to the estimated 55% of Canadian households who own dogs and cats. “We are receiving more questions from consumers concerned about the costs of treatment for unexpected illness and accident suffered by […]
2 min read
The Canadian P&C industry is holding $22.8 billion in capital in 2004. Capital is expected to continue building through the remainder of 2005 despite recent setbacks as a result of Suncor, Katrina and Canadian storm activity
By Joel Baker, President, MSA Research Inc. | September 30, 2005
When the courts order a liquidator to collect and protect the assets of a bankrupt insurance company, PACICC is there to protect the interests of the policyholders.
By Reg Riddles, Paul Kovacs and Jim Harries. | September 30, 2005
6 min read
Traffic collisions on Alberta roads have decreased by less than 1% in 2004 and driver error remains the most common contributing factor, according to the newly released Alberta Collision Statistics 2004. In response to the latest statistics, Oberg said he continues to support the development of the Traffic Safety Plan. “I am reviewing the proposed […]
1 min read
Working collaboratively through the National Association of Insurance Commissioners (NAIC), over 30 state insurance regulators recently adopted a multi-state regulatory settlement with Marsh & McLennan Cos. Inc. The settlement agreement will ensure that Marsh implements the compensation and disclosure reforms – including the Company’s requirement to pay its clients $850 million in restitution – it […]
Without the support and input of dozens of dedicated industry volunteers earlier this year, the Fellows of the CIP Society’s 11th Annual Charity Gala could not have exceeded its goal to become the event ‘where wishes and dreams can come true.’ All proceeds from this dreamy event were donated to the Starlight Starbright Children’s Foundation, […]
Fairfax Financial Holdings Limited (TSX:FFH.SV) recently received multiple subpoenas from the U.S. Securities and Exchange Commission (SEC), requesting documents regarding nontraditional insurance/reinsurance transactions made or products offered by entities of the Fairfax group. Fairfax is a majority stockholder of Odyssey Re Holdings Corp., so the reinsurance company had been advised of the subpoena request by […]
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