Industry
The insurance industry is not prepared for a pandemic and does not know what to expect, Bob Krywiak, executive general adjuster at Crawford Global Technical Services, told delegates of the National Insurance Conference of Canada (NICC) on Sept. 21 in Montreal.During the session, ‘Managing Through a Pandemic,’ Krywiak asked delegates to raise their hand if […]
By Canadian Underwriter | September 22, 2010
2 min read
Canada’s property and casualty insurance industry is conducting research into the possibility of offering overland flood insurance, which is not currently available, as part of a homeowner’s policy.Panelists at the National Insurance Conference of Canada [NICC] in Montreal noted there is an important distinction between what consumers and insurers define as “flood.” Whereas insurance policies […]
By Canadian Underwriter | September 21, 2010
3 min read
The Canadian property and casualty insurance marketplace is not as disciplined as its U.S. counterpart, according to information compiled by McKinsey & Company and presented at the National Insurance Conference of Canada in Montreal on Sept. 20. In the United States, there is a strong correlation between growth and underwriting performance, said Peter Walker, director […]
1 min read
Canadian auto underwriters would benefit greatly from the use of consumer “insurance scores,” a more sophisticated form of a credit score, Chris Kiah told delegates of the National Insurance Conference of Canada (NICC).Kiah, president and CEO of Allstate Canada, served as a panel member of the seminar ‘Lessons from U.S. Personal Lines Writers’ on Sept. […]
Contrary to bullish analysts, the U.S. economy – and by extension, the Canadian economy – is a long way off from recovery, according to David Rosenberg, Gluskin Sheff & Associates chief economist and strategist.Rosenberg presented his seminar topic, ‘Focus on the Forest, Not the Trees,’ at the 2010 National Insurance Conference of Canada in Montreal […]
By Canadian Underwriter | September 20, 2010
Canada’s property and casualty industry has started to make much-needed, across-the-board price corrections in homeowners’ lines, the Office of the Superintendent of Financial Institutions (OSFI) observed at the National Insurance Conference of Canada (NICC) in Montreal on Sept. 20.But the industry may still be relying too heavily on hoping the weather remains as mild as […]
Extremely low investment yields, the result of the financial crisis, means the Canadian property and casualty industry has very little margin for error on the underwriting side, Canada’s solvency regulator told delegates attending the National Insurance Conference of Canada (NICC) in Montreal.”The investment yields are just so miniscule today that any misstep on the underwriting […]
The Citizens on Patrol Program (COPP), sponsored by Manitoba Public Insurance, now has 60 active groups and 1,800 volunteers dedicated to reducing crime in their communities. Volunteers provided nearly 30,000 patrol hours last year in Manitoba, with two of the newest groups dedicated exclusively to providing a patrolling presence within Manitoba Housing units in Winnipeg. […]
By Canadian Underwriter | September 17, 2010
John (Jack) Byrne has been elected chairman of the board of Integro, succeeding Integro’s co-founder and chairman, the late Robert Clements.Early in his career, Byrne joined Travelers Insurance Company, and subsequently burnished his reputation with the turnaround of a struggling GEICO, which he joined as CEO in 1976. A rags to riches story, GEICO was […]
Cunningham Lindsey launched a global practice group specializing in product liability. The practice group’s core skills are product liability and recall investigation and management, a Cunningham Lindsey release says. The group is staffed with more than 6,800 adjusters more than 65 countries around the world. “The global reach recognizes that product liability claims are a […]
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