Industry
Independent brokers should be cautious about insurers engaged in portfolio acquisitions with or without inducements such as override and financial compensation
By J. R. (Bob) Tisdale, President And CEO, Pembridge Insurance Company | March 31, 2008
6 min read
Risk
As people travel to more remote areas and engage in more extreme activities, it is highly likely the risk of sustaining an injury and the severity of the injury will increase. Some are concerned people are taking part in high-risk activities without adequate insurance -- or worse, without any insurance at all.
By Greg Sutton, President, Sutton Sportscover Ltd. | March 31, 2008
5 min read
Discussions about broker technology have advanced to the point that they now include the roles of management and worker productivity -- and not just technology -- in increasing the profits of a brokerage
By Patrick Durepos, President, Keal Technology | March 31, 2008
Connecting risk measurement to corporate governance and tailoring ERM models to suit your business culture are key to successfully implementing ERM
By Darrell Leadbetter, Paul Kovacs (Executive Director), Jim Harries, Property And Casualty Insurance C | March 31, 2008
Insureds should be allowed to "fill the gaps" created by a compromised coverage settlement with an underlying insurer, provided it is done with full involvement and consent of the excess insurers and without prejudice to any other coverage terms and conditions under the excess insurance policies
By Jordan S. Solway, Regional Vice President, Claims And Legal, Arch Insurance Company (Canada Branch) | March 31, 2008
7 min read
Claims
The Ontario Trial Lawyer’s Association (OTLA) is considering a court challenge similar to Alberta’s recent Charter challenge that overthrew the Cdn$4,000 cap on minor auto injuries. Patrick Brown, president-elect of the OTLA, says that in light of the recent Alberta decision in Morrow v. Zhang, the Ontario government should make the appropriate changes to its […]
March 31, 2008
2 min read
In order to respond to the rising costs of climate change-related damages, insurance companies are going to have to focus more on micro-solutions (i. e. on a policyholder-by-policyholder basis), Colin Empke, partner at Blaney McMurtry LLP, told delegates at the Canadian Defence Lawyers 4th annual insurance coverage symposium in Toronto in February 2008. Empke was […]
1 min read
Canadian insurance regulators are considering the regulation of the sales of incidental insurance. Regulators are worried that if insurance is sold as an ancillary part of a larger purchase, an unsuitable insurance product might lead consumers to pay for insurance they do not need, pay for coverage for claims for which they are not eligible, […]
Ted Belton, who dedicated half a century of his life to the Canadian insurance industry, died of a cardiac arrest in Toronto on Mar. 12. Belton is perhaps best known as the president and CEO of Edward F. Belton Enterprises Inc. and Forecast Publishers, the publisher of The Belton Report. The Belton Report, discontinued upon […]
The Registered Insurance Brokers of Ontario (RIBO) supports the plan to move forward with a risk-based approach to regulation as outlined in the Canadian Council of Insurance Regulators’ (CCIR) paper, An Approach to Risk-Based Market Conduct Regulation. The CCIR released the paper in January 2008 with the intent of fostering dialogue between regulators and stakeholders […]
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