Risk
Setting up captive insurance companies, if done properly, can be an effective application of enterprise risk management, according to Standard & Poor’s.In an Oct.2 press release announcing its participation in the September 2006 Rims Canada conference in Calgary, Standard & Poor’s reiterated some of the benefits of obtaining financial strength ratings for captive insurance companies. […]
By Canadian Underwriter | October 2, 2006
2 min read
Claims
The Canadian Hurricane Centre has downgraded Hurricane Isaac to a Tropical Storm, just prior to Isaac’s sweeping past Newfoundland on Oct. 2.”Isaac has weakened from a hurricane to a tropical storm this morning,” the Hurricane Centre announced in a storm bulletin posted at 11 a.m. on Oct. 2. “The tropical storm continues racing towards Newfoundland […]
1 min read
Industry
Almost half of corporate Canada has faced disasters including power outage or IT failure but almost 75% rely on an “unofficial” business continuity plan, according to a recent report conducted by Leger Marketing for hosted services company Fusepoint Managed Services.The report says 50% of surveyed companies that have a disaster recovery plan would qualify it […]
Profco Insurance & Financial Services Ltd., a Canadian based online travel insurance portal, recently partnered with travel-related global emergency services provider Travel Assist Network.Profco has begun offering the Air Rescue Card, and other online travel insurance products, to Canadian corporate and leisure travelers.The Air Rescue Card was launched by Travel Assist Network as a membership […]
ESIS, a risk management services company, has opened an office in Toronto under the name ESIS Canada, Inc. ESIS Canada will offer clients in the United States and Canada access to claims management and a wide range of risk control programs. Organized in 1953, ESIS is part of the ACE Group of Companies, headed by […]
September 30, 2006
Bank Act Review, 2005-07
By David Gambrill | September 30, 2006
11 min read
Incoming IBAO president Steven Wagler wants brokers to discuss brokerage succession and the preservation of independence
6 min read
Canada's property and casualty industry is encouraged to weigh the merits of mitigating driver distraction through policy premiums and coverage
By Craig Harris | September 30, 2006
9 min read
Without insurers' co-operation, the Facility Association Market Redesign will not be enough to keep FA numbers down
By Randy Carroll, Chief Operating Officer, Insurance Brokers Association of Ontario | September 30, 2006
Brokers were successful in this round of the Bank Act review because of hard work and political tradewinds that didn't favor the banks
By George Anderson, Past President, Insurance Brokers Association of Ontario | September 30, 2006
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