Claims
Insurance claims adjusters can leverage their expert knowledge, as well as their insurance companies’ ability to pay for large-scale clean-up operations, to exert control over complicated environmental damage claims that typically span multiple jurisdictions.Panelists John Cherrie of Cherrie Griffith Professional Insurance Services and Douglas Hallett of the Hallett and Environmental and Technology Group Inc. both […]
By Canadian Underwriter | October 16, 2009
2 min read
Industry
An Insurance Institute for Highway Safety (IIHS) report on the long-term effectiveness of driver hand-held cell phone bans has found differing effects. IIHS examined driver use of the devices in three jurisdictions where the practice of talking on a hand-held device is banned and compared them with neighbouring states that do not have a ban […]
By Canadian Underwriter | October 15, 2009
An audit by B.C.’s Office of the Information and Privacy Commissioner identified six occasions on which driving and claims information of jurors was accessed and in some of those cases, was disclosed to outside defence counsel representing ICBC.In May 2009, ICBC conducted an internal investigation of all its jury trials that could be found going […]
1 min read
The credit crisis is no longer the chief source of securities litigation in the United States, a recent report from Advisen says.”The third quarter [of 2009] saw a robust 169 new securities lawsuits filed, but the credit crisis is no longer leading the litigation charge,” says Advisen’s quarterly update on securities litigation, Securities Suits Come […]
Industrial Alliance Insurance and Financial Services Inc. announced the closing of its previously announced offering of 4 million shares, representing aggregate gross proceeds of Cdn$100 million.The shares yield 6% per annum, payable quarterly when declared by the board of directors. The net proceeds of the offering will be used for general corporate purposes, Industrial Alliance […]
An inter-provincial trade agreement, the Ontario-Quebec Trade and Cooperation Agreement, has come into force as of Oct. 1, and already some are calling for it to be more like the Trade, Investment and Labour Mobility Agreement (TILMA) between B.C. and Alberta. Somewhat like TILMA, the Ontario-Quebec agreement proposes to “enhance the efficiency of the region’s […]
By Canadian Underwriter | October 14, 2009
The Risk and Insurance Management Society (RIMS) is calling for complete transparency and full disclosure of all revenue streams associated with the placement of insurance products. A new RIMS report, A Practical Guide to Insurance Broker Compensation and Potential Conflicts of Interest for the Risk Manager, is intended to serve as a guide to assist […]
Arthur J. Gallagher International has opened a new office in Calgary, trading under the name Gallagher Energy Risk Services. Former Aon energy leader Scott Heighington will head the new office. He will be joined by David Braid and Robert Redden.John Hastings-Bass, chairman of Gallagher Global Energy, commented: “Calgary is an essential hub in the global […]
David Price will be joining Executive Risk Insurance Services on Oct. 12 as senior vice president of financial lines and chief underwriting officer. In addition to his above duties, he will work with the corporate development group on the identification and development of new corporate and product opportunities. Price previously led the specialty lines practice […]
Insurers are the most advanced organizations in adapting to climate change, according to a study from the Network for Business Sustainability. The insurance industry sets itself apart with institutional networks that promote calibration, the study says. The Network for Business Sustainability says one insurance company in its study had assembled insurers, academics, governments and NGOs […]
By Canadian Underwriter | October 13, 2009
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