Industry
The Insurance Bureau of Canada says that after several tough years of negative media coverage, it's time to start re-telling positive stories about the P & C insurance industry. Refocusing on the industry's longstanding tradition of injury prevention and safety promotion, the IBC is committed to "leading the charge to restore an image that we believe has been unfairly tarnished."
By Mary Lou O'Reilly, Vice president of public affairs and marketing at the Insurance Bureau of Canada | November 30, 2005
6 min read
A KPMG seminar in Toronto heard deductibles and regulated caps have done what the insurance industry expected - decreased bodily injury and auto collision claims nationwide. But litigators warn they are looking for ways to erode the deductibles and caps.
By David Gambrill | November 30, 2005
5 min read
Risk
Mr. Santa Claus 1 Reindeer Way North Pole H0H 0H0 Dear Santa: As year-end approaches, we are writing to provide you with a brief summary of some of the legal issues that arose on the Risk Management side (pertaining to your North Pole operations in 2005). As you are aware, our largest single challenge this […]
By William Blakeney, Blakeney Henneberry Murphy | November 30, 2005
7 min read
International risks to Canadian insurer solvency
By Darrell Leadbetter, Paul Kovacs and Jim Harries PACICC | November 30, 2005
8 min read
Globalization has been around for some time. When you think about Marco Polo going East to open trade routes with the Asian kingdoms in the 13th Century or the Europeans sailing West to the Americas since the 15th Century, they were “globalizing” their economies. Today, globalization’s trade winds are blowing strong once again, and the […]
By Daniel Galvao, head of financial products practice at Marsh Canada Limited | November 30, 2005
Regulators are in a tough spot. They must represent the interests of all; at the same time, they must issue laws that restrict or expand the rights of a few. Regulators are therefore mindful that they do not give opponents any ammunition for potential conflict of interest accusations prior to issuing policy directives or laws. […]
By David Gambrill, Editor | November 30, 2005
4 min read
Insurance industry association codes that outline best practices for disclosing income and potential conflicts of interest may not go far enough, according to a recent report released by the Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO). The report by the regulators’ Industry Practices Review Committee (IPRC) contains no […]
November 30, 2005
2 min read
Kingsway Financial Services Inc. (TSX:KFS) has entered into a program management agreement with The Robert Plan Corporation (‘RPC’) to provide additional underwriting capacity to assume the policies serviced by RPC. The agreement is effective for new and renewal business on and after January 1, 2006. “This transaction is consistent with our strategy of growing our […]
1 min read
Aon Corporation (NYSE: AOC) has sold its U.S.-based wholesale broking operation, Swett & Crawford, to an investor group including Hicks, Muse, Tate & Furst Inc. and Banc of America Capital Investors. Terms of the sale were not disclosed. News of the sale comes just days after Aon Corporation announced it was seeking a new owner […]
New legislation aimed at providing a legal recourse for a child who sustains prenatal injuries as the result of the negligent driving of his or her mother was recently introduced in the Alberta Legislature. Current law already allows a child – after birth – to sue his or her father, another family member or any […]
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