Industry
A new approach to catastrophe modelling is required to ensure companies and organizations using the tools gain a better understanding of risks, Karen Clark, president and CEO of Karen Clark & Company, told Canadian Underwriter in advance of speaking at this week’s 2013 RIMS Annual Conference & Exhibition in Los Angeles. “The catastrophe modelling process is […]
By Canadian Underwriter | April 23, 2013
2 min read
Overall satisfaction with the auto claims experience is down, according to the J.D. Power and Associates 2013 Auto Claims Satisfaction Study — Wave 2. Overall satisfaction has declined by 11 points to 850 on a 1,000 point scale, compared top 861 points in the Wave 1 study. The study, based on 2,878 responses from auto […]
The Travelers Companies Inc. released Tuesday its financial results for the three months ending March 31, recording a slight drop in total revenues but improved combined ratios, especially in home and personal auto as well as financial and professional insurance. New York-based Travelers reported total revenue of $6.328 billion in the first quarter, down 1% […]
3 min read
Actuaries should be pleased to hear their career takes the first place spot on a rankings list of 200 jobs by CareerCast.com. The job search and resource website ranked the 200 jobs based on environment, income, outlook and stress. Each of those categories also included more specific criteria for ranking, and much of the information […]
RIMS, the risk management society, now has 82 chapters, welcoming Australasia and Peru to the fold, notes a statement released Monday during the 2013 RIMS Annual Conference & Exhibition in Los Angeles, where RIMS also announced several presitigous award winners. The latest chapter additions – based in Melbourne and Lima, respectively – demonstrate RIMS commitment […]
Despite greater alignment in how senior executives and risk professionals view the role that risk management should play in strategic planning, there is room for improvement and certain opportunities have yet to be realized. Those are among the findings of the 10th annual Excellence in Risk Management survey – based on online responses from more […]
4 min read
Risk management has become a multi-disciplinary engine of growth and profit, with the discipline crossing all organizations and industries, RIMS president John Phelps said during the opening session of the 2013 RIMS Annual Conference & Exhibition. With the discipline starting as integrated risk management, then progressing to enterprise risk management (ERM) and now to strategic […]
By Canadian Underwriter | April 22, 2013
Seven Ontario municipalities have declared states of emergency due to flooding caused by melting snow from to a jump in temperatures last week, in addition to in excess of 75mm of rainfall in certain areas. As of Sunday, much of the province continued to experience the after effects of Thursday and Friday’s precipitation event, according […]
Organizations worldwide are showing a decline in risk readiness, with only three industries showing the same or an improved level of preparedness for major risks, suggests a new study from Aon Risk Solutions. On average, readiness for the top 10 risks declined from 66% in 2011 to 59% in 2012, according to the 2013 Aon […]
RIMS Community Service Day, expected to attract more than 100 risk and insurance professionals in support of the Child Care Resource Center (CCRC), kicks off the 2013 RIMS Annual Conference & Exhibition in Los Angeles later today. The Zurich-sponsored event, running from 8:30 am to 3 pm, will see risk and insurance professionals assembling puppet […]
By Canadian Underwriter | April 21, 2013
1 min read
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