Risk
Whew! Now that was a hard market. Thank God that it is over - now we can switch gears to neutral and coast for the next six or eight years. Right?...Hardly.
By Craig Rowe | August 31, 2004
5 min read
"Every right implies a responsibility - every opportunity, an obligation... Every possession - a duty." - John Rockefeller. Is your employer-sponsored retirement plan safe? Are those you have entrusted with the responsibility to look after your retirement funds doing their duty?
By Rob Bickerton | August 31, 2004
7 min read
A company has no greater asset than the value it creates on behalf of its clients and stakeholders--but are companies enhancing that value by effectively addressing their business risks?
By Perry Brazeau | August 31, 2004
4 min read
Industry
Everyone has moments of stress in the workplace environment, but in some cases the degree thereof can adversely impact the ability of employees to effectively do their jobs - resulting in lost work time. However, new stress-handling models have produced proven results in dealing with conflict before it reaches this adverse stage.
By Susan Philchuk & Maria Vandenhurk | August 31, 2004
The property and casualty insurance industry is not renowned for its selling techniques - perhaps resigned to the fact that buyers see their product as a "necessary evil" and from a regulatory standpoint, particularly on certain classes of business such as auto, as being a "compulsorily purchase". However, insurers and brokers can achieve more business and boost customer satisfaction through applying proven, proactive selling techniques.
By Paul Salvas | August 31, 2004
6 min read
Each month of this special 70th anniversary year, Canadian Underwriter will look back at a pivotal period in the industry's history. These are the people, events and issues that have shaped Canadian Underwriter and the insurance industry for seven decades.
August 31, 2004
3 min read
The Financial Services Commission of Ontario (FSCO) has published its guidance on the new minimum capital test (MCT), with insurers set to implement the new test on 2004 annual returns. The MCT, a risk-based system of assessing capital requirements, has been in place on a trial basis since 2002. The MCT mirrors the test in […]
1 min read
Canadian insurers saw net income for the second quarter of this year more than double to $1.241 billion compared with the $584 million profit made for the same period in 2003, according to industry financial data released by the Office of the Superintendent of Financial Institutions (OSFI). The latest reporting period produced an industry-wide return […]
2 min read
The total insured loss from Hurricane Charley will likely top US$6.8 billion, says the U.S. Insurance Services Office (ISO), making it the second costliest hurricane to hit the U.S. behind Hurricane Andrew. The ISO says the category 4 hurricane, which hit Florida on August 13, will cause US$6.755 billion in insured losses in that state. […]
Chicago-based broker Hub International (TSX: HBG), a subsidiary of the Fairfax group, saw improvement in its financial results from a variety of sources for the second quarter of 2004 – growth was experienced both organically and through acquisition, with both the Canadian and U.S. operations performing above expectation, a company statement says. Hub’s net earnings […]
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