Industry
Emerging technologies are having a great impact upon the insurance industry, in particular the adjusting field. One innovation that is leaving its mark on adjusting in particular is digital photography. Incorporating photos into insurance reports is critical to developing comprehensive case reports, and the advent of digital photography has meant adjusters are able to do […]
By Lorne Montgomery, Crawford Adjusters Canada | February 29, 2000
4 min read
In a move that has escalated global primary company consolidation, CGU Group and Norwich Union announced they will merge their operations. The new company, CGNU, will form the UK’s largest insurance group and feature worldwide premium income and retail investment sales of 26 billion pounds. The deal, more accurately characterized as a CGU acquisition, is […]
February 29, 2000
2 min read
Consumer suspicion of insurance companies has reached the point that it is now part of American pop culture to view them as commonplace in the U.S., as are awards of punitive damages.
By Bill Blakeney and Anil Varma | February 29, 2000
7 min read
There are a multitude of parallels between changes affecting the securities and insurance industries, notes 2000 Property & Casualty Joint Industry Forum keynote, Goldman, Sachs & Co. chief executive officer Henry Paulson Jr. “Globalization and technology are driving a whirlwind of change. Now more than ever, there are so many opportunities, in so many different […]
1 min read
Generally speaking, I am an optimist about the role technology plays in our society, but I am certainly not an unabashed enthusiast. I often find, as I deal with various service suppliers, especially call-centers, that the cutting edge is not so much a finely honed blade as a blunt cleaver in need of a good refurbishing.
By Laird Laundy, an independent insurance consultant | February 29, 2000
5 min read
Supplier of information products and software for the insurance, glass replacement and collision repair industries Mitchell International has announced it is being acquired by San Francisco-based equity firm Hellman & Friedman. The company was sold by previous owner The Thomson Corporation, which owned Mitchell since 1986. Terms of the deal have not been announced. “Mitchell […]
Jim Ball, president of the Insurance Brokers Association of Canada, has announced that board approval was received for the Association to join the World Federation of Insurance Intermediaries (WFII). The WFII is a non-profit federation that promotes the interests of insurance intermediaries world-wide. WFII was established on January 30, 1999 with the innaugral meeting in […]
T he battle being waged for control of Calgary-based broker consolidator Canada Brokerlink took a dramatic turn toward the end of last month when Allianz Canada stepped to the table with a superior counter offer worth around $42 million. The offer of 120c a share put forward by Allianz to Brokerlink’s shareholders is 18% richer […]
3 min read
Finding replacements for insured damaged products, at competitive prices, is a constant challenge to the insurance industry. The costs can have a severe affect on company bottom lines. “If adjusters had the ability to comparison shop among competing suppliers in the same time frame and effort that it takes to receive a quote from one […]
By Kathryn Schroeder | January 31, 2000
The North American Export Committee (NAEC) brought car theft stakeholders together to discuss the crisis on a continent-wide level. Canadian insurers, though, continue to do battle with car thieves on this side of the border, relying on a variety of initiatives to recover stolen cars. Most recently, the motor vehicle registry (MVR) database went online, […]
By Lowell Conn | January 31, 2000
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