Industry
Workforce demographics represent a major issue looming over the horizon, according to five senior executives sitting on the CIP Symposium 2007s leadership panel in Toronto.Silvy Wright, the president and CEO of Markel Insurance Company of Canada, says she has often heard people in the insurance industry tell stories of how they simply fell into the […]
By Canadian Underwriter | April 25, 2007
2 min read
Given that litigation against insurers is on the rise in Canada and the countrys courts have responded with unpredictable decisions regarding policy coverage it is critical for insurance claims and underwriting departments to be in constant communication, a seminar leader told the CIP Society Symposium 2007 in Toronto.Irene Bianchi, the vice president of claims and […]
Risk
In a plea to the Commons Standing Committee on Agriculture, Ian McCreary, farmer-elected director of the Canadian Wheat Board (CWB), asked for legislative support to strengthen the CWB and thereby help manage farmers risks. Risk management tools such as the CWB can provide agricultural market and grain trade power to the producers are necessary, McCreary […]
One of the key hiring mistakes insurers and other employers make is not to recognize the different expectations of Generation X and Y employees, according to Andrea Plotnick, the national expertise director of organizational effectiveness at the Hay Group.Plotnick was speaking at a CIP Symposium 2007 seminar about succession planning. She noted Generation X employees […]
1 min read
Claims
Insurers need to consider insuring against a contagion, rather than a pandemic, Barrett Hubbard, managing director of MINT Canadian Specialty, told attendants of the Insurance Institute Ontario Chartered Insurance Professionals Societys Symposium 2007.A pandemic is an epidemic that is geographically widespread; occurring throughout a region or the world, Hubbard explained, whereas a contagion is the […]
By Canadian Underwriter | April 24, 2007
In celebration of its 20th anniversary on the New York Stock Exchange (AOC:NYSE), Aon Corporation has signed up to be a part of the People Helping People program, and has pledged to build a series of playgrounds across Canada.While the initiative is a global one, in Canada the company partnered with PlayPower Inc. and local […]
Attendees at the The Insurance Institute Ontario – Chartered Insurance Professionals Societys Symposium 2007 were warned to focus on their companies interdependencies and resiliencies while developing a catastrophe contingency plan.Bruce Nelson, critical infrastructure assurance program coordinator for Emergency Management Ontario, teamed up with Susan Meltzer, Aviva Canadas assistant vice president, risk manager, to deliver the […]
Policy Works Inc. has announced the launch of its Certified Data-Exchange Partner Program, designed to recognize insurers who have worked in partnership with Policy Works Inc. to ensure accurate transfer of commercial lines information. The program focuses on three key areas: standards, verification and security. Certified partners must be committed to implementing the CSIO commercial […]
Auto
In a recent Insurance Institute for Highway Safety (IIHS) study examining the rates of driver deaths in collisions, Chevrolet models hold both the top spot for highest and lowest death rates.The lowest death rate among more than 200 vehicles is the Astro minivans 7 per million registered vehicle years (two vehicles registered for 12 months […]
By Canadian Underwriter | April 23, 2007
The Chubb Corporation [NYSE: CB] reported 2007 Q1 income of US$710 million, compared to a 2006 Q1 income of US$672 million.Net written premiums for 2007 Q1 declined 2%, to US$2.9 billion. Premiums for the insurance business increased 1%; they decreased 1% in the U.S. and increased 7% outside the U.S. (1% in local currencies).The 2007 […]
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