Claims
Pandemic risk is pretty much the same as always, even though it has disappeared from the medias radar, according to a report by Munich Re.Although the threat of a pandemic this winter had mainly disappeared from the media due to the almost complete absence of instances of bird flu in Europe, experts are largely in […]
By Canadian Underwriter | April 16, 2007
1 min read
Risk
Integro Ltd. announced the appointment of Robert F. X. Feeney as chief financial officer.Feeney succeeds Joseph Salerno, a member of the initial leadership team, who is retiring, says an Integro press release.In his role as CFO he will have responsibility for Integros corporate finance and information technology.Feeney joins Integro from HSBC, where he was managing […]
The Insurance Bureau of Canada (IBC) has donated $500,000 to fund a research facility designed to study the building of safer homes. Thanks to the IBC, a typical two-story brick house, similar to many homes found in neighbourhoods across Canada, has been constructed for the sole purpose of being slowly destroyed, says an IBC press […]
By Canadian Underwriter | April 13, 2007
Federal and provincial ministers of agriculture met recently in Winnipeg, Manitoba and committed to ongoing collaboration on new business risk management programming for the agricultural industry.The ministers discussed the continued evolution of a new suite of business risk management programs including the margin-based element, disaster framework, production insurance and savings account programs arising from consultations […]
Industry
Converium Holding AGs board of directors is urging its shareholders to reject SCOR S.A.s offer to purchase the registered shares in Converium held by the public, claiming that the offer fundamentally undervalues the Companys franchise and growth prospects.After careful consideration of SCORs offer, we urge our shareholders to place their confidence in our managements detailed […]
Fairfax Financial Holdings Limited (TSX and NYSE: FFH), a financial services holding company engaged in insurance and reinsurance, has filed a preliminary short form base shelf prospectus with the Canadian securities regulatory authorities, allowing Fairfax to offer from time to time over a 25-month period. up to US$750 million of debt, equity or other securities.The […]
The Court of Queens Bench in New Brunswick has overruled the New Brunswick Superintendent of Insurance and ordered the regulator to review its dismissal of a case involving unresolved allegations of unfair or deceptive practices.In making his decision for the court, Court of Queens Bench Justice Richard Bell said the regulator had not correctly disposed […]
By Canadian Underwriter | April 12, 2007
2 min read
Home
Allstate Insurance Company of Canada has developed an alliance with LifeCall, a national provider of personal emergency response systems. Allstate policyholders are now able to access an exclusive, value-added offer for personal emergency response services provided by LifeCall. In an emergency, the system will dispatch the required emergency service, whether it is police, fire or […]
Legal liability risk is perceived by some health professionals and organizations to be a barrier to delivering health services in collaborative teams, but a Conference Board of Canada report suggests that liability is not the obstacle they say it is.Based on this research, the possibility of a malpractice suit should not be put forward as […]
A panel of senior Canadian climate change experts, chaired by the Canadian Foundation for Climate and Atmospheric Sciencess Dr. Gordon McBean, called on the federal government to increase funding for research on the impact of global warming.We need to factor climate risks into every area it is relevant, Ian Burton, an international expert on natural […]
By Canadian Underwriter | April 11, 2007
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