Industry
An 8.8-magnitude earthquake struck central Chile on Feb. 27, leaving behind more than $2 billion in insured losses, according to AIR Worldwide. Total economic damages are anticipated to be between $15 and $20 billion — roughly 10% to 15% of Chile’s read GDP, AIR Worldwide and EQECAT estimate. The area affected by the quake, from […]
By Canadian Underwriter | March 1, 2010
1 min read
The Co-operators has ultimately raised $298,270 for the Canadian Red Cross in support of the organization’s relief efforts for victims of the January 2010 earthquake in Haiti. A total of $149,135 was donated personally by Co-operators employees, agents and their staff, directors, delegates, members of its community advisory panels, as well as by students who […]
Nova Scotia's kangaroo court on the province's auto insurance cap appears to be following the predetermined fate of a conviction.
By David Gambrill, Editor | February 28, 2010
3 min read
PC FINANCIAL RE-LAUNCHES AS FULL SERVICE BROKERAGE Loblaw Companies Ltd. has launched PC Financial Insurance Broker Inc., a “large-scale full service brokerage” for home and auto insurance. The service is available in Ontario and Alberta. Currently it represents the following markets: The Dominion of Canada General Insurance Company; Aviva Insurance Company of Canada; Elite Insurance […]
February 28, 2010
2 min read
GLOBAL INSURED LOSSES IN 2009 LOWEST SINCE 2006 At $24 billion, global insured losses in 2009 were the lowest they have been since 2006, in part due to relatively low losses for weather events and a quiet hurricane season, according to Guy Carpenter. This is a large drop from $52.5 billion in 2008, the company […]
Risk
B.C. TAKES ITS OWN APPROACH TO PART XIII CHANGES British Columbia’s Financial Institutions Commission (FICOM) has made legislative changes in the wake of recent amendments to Part XIII of the Insurance Companies Act, saying it believes the Part XIII amendments place the public at risk. The B.C. regulator contends the changes made to Part XIII […]
RIMS Canada Conference Co-Chairs David Buzzeo and Gwen Tassone are constructing a 'Gateway to Excellence' using five key building blocks.
5 min read
Companies with better physical risk management will produce more stable earnings and greater shareholder value, according to research conducted by FM Global.
By Ruud Bosman | February 28, 2010
4 min read
Although a few companies have accumulated war chests suitable for entering Canada's M&A game, current multiples may be enough to chase potential buyers away.
By Joel Baker | February 28, 2010
Opinion/Analysis: In a balanced, well-functioning insurance system, risk-sharing pools would either be smaller or unnecessary.
By Bob Tisdale | February 28, 2010
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