Claims
CHANCE OF ‘THE BIG ONE’ HITTING B.C. OVER NEXT 50 YEARS IS 10-15% There is a 10-15% of a mega-earthquake hitting the northern segment of the Cascadia Subduction Zone at some point during the next 50 years, according to research from Oregon State University. The northern segment of the Cascadia Subduction Zone covers an area […]
June 30, 2010
1 min read
Risk
ONTARIO REGULATES FAIR PRICING AMONG INSURER AFFILIATES The Financial Services Commission of Ontario (FSCO) has amended its Unfair or Deceptive Acts or Practices (UDAP) regulation to ensure fair pricing among insurance company affiliates and their distribution channels. The UDAP now requires “affiliated insurers and their agents/brokers to provide a consumer with the lowest rate that […]
Mary Charman, the incoming president of the Canadian Independent Adjusters' Association (CIAA), looks forward to building on the momentum the association has established over the past year.
By Vanessa Mariga, Associate Editor | June 30, 2010
5 min read
OSFI's recommended reinsurance reforms would eliminate percentage limits on the use of unregistered and registered reinsurance, but will these reforms change much in Canada's current reinsurance marketplace?
By J. Brian Reeve | June 30, 2010
7 min read
Sharon Ludlow, the new CEO of Swiss Re's Canadian operations, sees an opportunity for cat bonds in Canada, but only in the event of M&A activity among the industry's major players.
By David Gambrill, Editor | June 30, 2010
The oil slick created by the sinking of the Deepwater Horizon rig in the Gulf of Mexico has muddied the global insurance markets.
6 min read
Response Paper: Reforming OSFI's Regulatory and Supervisory Regime for Reinsurance; OSFI spells out its new expectations related to reinsurance governance and risk management.
By Robert McDowell & Koker Christensen | June 30, 2010
8 min read
Amendments to workplace legislation in Canada require companies to protect their employees from workplace violence -- whether in Canada or abroad.
By John Proctor | June 30, 2010
Canada's reinsurance market is often portrayed as "flat," a word used to describe premium growth, rates and retentions. A glut of capital is responsible for giving the Canadian reinsurance marketplace a stable, if somewhat two-dimensional feel.
By David Gambrill | June 30, 2010
14 min read
When Canada's marine industries experience the negative effects of climate change, insurers' claims costs go up, and so insurers are fishing for solutions to help their clients succeed.
By Kevan Gielty | June 30, 2010
4 min read
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