Industry
The phrase “what a difference a day makes” has never been truer than today, when the Internet permeates all aspects of life and interconnected cyber risks are far from being well-understood. “On April 6, if you had a password on your accounts, your information was supposed to be secure and you probably felt protected. Then […]
By Canadian Underwriter | April 30, 2014
4 min read
Claims management firm Crawford & Company announced Monday it is expanding Broadspire Services Inc., its third-party business administration unit. The Atlanta-based firm is “creating new and stronger strategic TPA hubs in Canada, Singapore, Hong Kong and Australia,” Crawford stated in a press release Monday. Broadspire specializes in servicing the claims needs of multinational corporations and […]
By Canadian Underwriter | April 29, 2014
2 min read
DENVER, Colo. – Mark DeLillo, director of risk management for Taylor Morrison, Inc., was recognized with RIMS’ most prestigious honour, the Harry and Dorothy Goodell Award, on Monday as part of an awards luncheon during the RIMS 2014 Annual Conference & Exhibition in Denver. Named in honour of the first president of RIMS, the award pays […]
DENVER, Colo. – The vast majority of C-suite respondents taking part in the 11th annual Excellence in Risk Management Survey say that risk management is playing a more strategic role within organizations, but its full potential is not being realized. Marsh and RIMS released a joint report Monday during the RIMS 2014 Annual Conference & Exhibition […]
DENVER, Colo. – The RIMS 2020 Task Force has been created to focus on developing a long-range plan for the organization and will also align with RIMS president Carolyn Snow’s main focus areas for 2014. The task force – consisting of board members, RIMS staff and risk managers – will focus on developing a long-range plan […]
By Canadian Underwriter | April 28, 2014
3 min read
RIMS issued a new executive report Monday, Transitioning to Enterprise Risk Management, that details how building an ERM capability and culture can directly correlate to stronger financial results and even greater potential for organizational success. Released Monday at the RIMS 2014 Annual Conference & Exhibition, being held Apr. 27-30 in Denver, the report penned by […]
DENVER, Colo. – About 100 risk and insurance professionals from around the world gathered Sunday for the 13th Annual RIMS Community Service Day, an event that allows attendees of RIMS 2014 Annual Conference & Exhibition, being held April 27-30 in Denver, to give back to the local community. Sponsored by Zurich, participants worked with Savio House, […]
Aon plc has reported net income attributable to shareholders of $325 million for the first three months of the year, up from $261 million in the first quarter of 2013. Total revenue for the company increased by 1% to $2.9 billion during the first quarter (over Q1 in 2013). “Our first quarter results reflect a […]
By Canadian Underwriter | April 25, 2014
The Co-operators General Insurance Company released Thursday its financial results for the three months ending March 31, reporting an underwriting loss of $33 million, a 19.6% increase in net earned premiums from Quebec, a 14.7% increase in commercial premiums and an 81% year-over-year drop in net income. The Guelph, Ont.-based carrier also warned Thursday that […]
A poor experience, not just premium increases, is a top reason for policyholders to search for a new auto insurer, according to a new U.S. study from J.D. Power. According to its 2014 study, which looks at customer experience based on price, distribution channel and policy offerings, 30% of auto customers shopped for a new […]
By Canadian Underwriter | April 24, 2014
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