Risk
There appears to be some confusion about regulations related to the use of credit scoring, prompting calls for a broader public discussion about insurers' use of credit to determine risk.
By Craig Harris, Freelance Writer | September 30, 2008
8 min read
As the distribution revolution continues, the quest for competitive advantage is starting to tip the scales against the interests of consumers
By Randy Carroll, Chief Executive Officer, Insurance Brokers Association Of Ontario | September 30, 2008
5 min read
Industry
Swiss Re expects growth in direct premiums written (DPW) in Canada’s overall property and casualty industry will be less than 3% in 2008, down from 2007’s growth of 4.3%”Direct premiums written growth slowed to 1.8% [year-over-year] in [2008 Q1] from 3.7% [year-over-year] in [2007 Q1],” Swiss Re noted in its 2008 Q2 newsletter, Canada Property […]
By Canadian Underwriter | September 30, 2008
1 min read
Claims
Bermuda insurers and (re)insurers could be bearing the brunt nearly half of the costs associated with recent storms, including Hurricane Ike, according to preliminary estimates, A.M. Best reports. “According to the Association of Bermuda Insurers and Reinsurers, Bermuda insurers provide an estimated 66% of the reinsurance purchased by the Texas Windstorm Insurance Association, which insures […]
2 min read
AXIS Reinsurance Company, a subsidiary of AXIS Capital Holdings Limited, has been authorized to operate as a branch insurer underwriting property and casualty insurance and reinsurance business in Canada.”We are looking forward to bringing our specialized capabilities in both insurance and reinsurance to bear as we establish our branch in Canada,” Dennis Reding, COO of […]
Average base salaries of American chief risk officers (CROs) outpace those of their Canadian counterparts by roughly $30,000, reports the Risk and Insurance Management Society’s Risk Management Compensation Survey.The 2008 survey presents compensation data for 11 different positions; for the first time, it includes information on CROs. The results reflect data submitted by individual risk […]
Post-tropical storm Hanna soaked the Atlantic provinces on Sept. 7, leaving more than 100 mm of rain in some parts of the area. Counties along the Fundy Coast of New Brunswick and Newfoundland were the hardest hit, as embedded rain bands brought intense rainfalls of 25 to 30 mm in an hour, Environment Canada reports. […]
September 30, 2008
The duties of the Nova Scotia Insurance Review Board (IRB) will be reassigned to the Utility and Review Board (UARB) effective Oct. 1, 2008. The Nova Scotia Department of Finance says it believes assigning IRB responsibilities to the UARB will result in the most effective means of delivering this important regulatory function to the benefit […]
Crawford & Company reported a net income of US$7.9 million for 2008 Q2, up US$1.8 million from the same quarter in 2007. Consolidated revenues totalled US$263.3 million in 2008 Q2, up from US$240.5 million in 2007 Q2, the company reported. Revenues for the international operations segment grew 27.9 per cent, from US$88.7 million in 2007 […]
The Automobile Insurance Rate Board (AIRB) has announced it is allowing a five per cent increase in premiums for mandatory auto insurance in Alberta as a result of its annual insurance rate review. As a result of the rate change, on average, Alberta drivers could pay an additional $30 per year for their mandatory insurance […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
