Risk
There is little smooth sailing for risk managers today. The rough tides brought on by the Spitzer investigations, coupled with a commercial insurance market in transition, are forcing risk professionals to navigate treacherous waters indeed. Into this fray, incoming Risk & Insurance Management Society (RIMS) president Ellen Vinck treads, ready to take the helm, charting strong fundamentals and a united industry voice as the true course to guide the professional safely to port.
By Vikki Spencer | February 28, 2005
6 min read
Canada's non-profit sector has taken its insurance hits over the past three years from higher rates and reduced coverage. Its vulnerable position in the insurance cycle has caught the attention of regulators and politicians across the country. Insurers are now responding with a flurry of activity to solve the problem and control the damage.
By Craig Harris | February 28, 2005
9 min read
Industry
In the United States, yet another deep pocket has been found to finance third-party automobile injury claims. Is the trend beginning here?
By Glenn McGillivray | February 28, 2005
10 min read
In an industry focused on risk management techniques for insureds, it is ironic that we spend so little time "managing" the risks confronting our own industry. In the fable of the "shoemaker's children" it is always the children of the shoemaker who are the last to receive shoes. Similarly, our industry spends considerable time and effort assisting customers with their risk management problems, while the same effective techniques are often missing from our own internal planning process.
By Philip Cook | February 28, 2005
5 min read
One of the first pieces of advice I give to insurance buyers is "sell your risk to insurers... don't let them sell you insurance!" Risk managers have realized for a long time who is the seller and who is the buyer in the insured/insurer relationship, and now, more insureds are "getting it".
By Craig A. Rowe | February 28, 2005
A look ahead at global political risk in 2005, and how businesses can manage it.
By Patrick Doig | February 28, 2005
4 min read
Recent scientific and legal developments have started to push mold damage in buildings up on the agendas of many insurance companies.
By Andreas Wagner, and Tom Park | February 28, 2005
The introduction of federal privacy legislation to the insurance industry one year ago had the potential to clarify boundaries in handling customer information. But in reality, privacy rules have blurred many lines and thrown long-standing industry practices into question, say speakers at the OIAA Claims 2005 conference.
Legal reform topped the agenda at this year's CIAA/CICMA Joint Conference in Toronto recently, as a panel of legal professionals detailed the government efforts and court decisions shaping the future of insurance litigation across Canada.
While many insurance companies talk of risk assessment and underwriting, few have taken advantage of technology solutions to integrate loss inspection reports into their workflow.
By Terry Neilson | February 28, 2005
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