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The primary responsibility of any insurance professional is to provide the best possible service to policyholders. That means not only offering solid advice and guidance in the area of loss prevention, and approving and paying claims as quickly as possible when legitimate losses occur, but also identifying and denying fraudulent claims.
By Ken Smith, special investigations officer at The Citadel Assuran | July 31, 2001
5 min read
Industry
The newly-elected Liberal government in British Columbia has made good on its promise to clean house at the Insurance Corporation of B.C. (ICBC). The recent appointment of new chairman Nick Geer has been followed by the replacement of other board positions. The only remaining member is ICBC president and CEO Thom Thompson. The changes come […]
July 31, 2001
1 min read
Risk
With the increasing emphasis being placed on the risk management function within the corporate setting comes increased responsibility and the demand for additional knowledge about a variety of risks. And, with Canadian companies moving forward into the global economy, the onus on risk managers to provide expert advice on new risks and new risk transfer opportunities is growing. This year's conference of the Canadian chapters of the Risk and Insurance Management Society (CRIMS) is a chance to move risk managers into the new millennium, say organizers Paul Gray and Karin Zabel.
By Vikki Spencer | July 31, 2001
6 min read
480,000 1.7 million 1.4 million 550,000 Source: ISO. $1.4 billion 880,000 480,000 1.7 million 1.4 million 550,000 Source: ISO. $3.5 billion $1.4 billion 880,000 480,000 1.7 million 1.4 million 550,000 Source: ISO. $4.5 billion $3.5 billion $1.4 billion 880,000 480,000 1.7 million 1.4 million 550,000 Source: ISO. $980 million $4.5 billion $3.5 billion $1.4 billion […]
2 min read
Insurers acting through the industry’s national lobby body, the Insurance Bureau of Canada (IBC), are currently engaged in high-level meetings with provincial government officials in Atlantic Canada with a view to introducing rapid reform to the basic auto insurance product. The need to take corrective action in lieu of the significant rise in auto claim […]
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Canadian Risk & Insurance Management Society Annual Conference. Ottawa, ON. Visit www.rims.org/canada for conference details. September 9 to 12. […]
39.8 -3.1 -2.0 -6.3 Source: SNL Securities and the Insurance Information Institute 43.4 34.5 39.8 -3.1 -2.0 -6.3 Source: SNL Securities and the Insurance Information Institute -6.5 43.4 34.5 39.8 -3.1 -2.0 -6.3 Source: SNL Securities and the Insurance Information Institute -9.6 -6.5 43.4 34.5 39.8 -3.1 -2.0 -6.3 Source: SNL Securities and the Insurance […]
The Facility Association has named David Simpson its new president and CEO. Simpson is former president of the Insurance Institute of Ontario and assistant division manager with State Farm. He succeeds Stan Griffin, who has become executive vice president of regional operations for the Insurance Bureau of Canada. William Fischer has joined the brokered group […]
Canadian financial services holding company E-L Financial Corporation Ltd. (TSE: ELF) saw earnings for the first half of 2001 drop by 9% to $30.8 million compared with the $33.8 million reported for the same period the year prior. This equates to earnings of 801c a share for the first six months of this year (June […]
By Canadian Underwriter | July 31, 2001
Swiss Re announced today that it will acquire Lincoln National Corporation’s reinsurance operation, Lincoln Re, headquartered in Fort Wayne, Indiana, for US$2 billion. Swiss Re will integrate Lincoln’s reinsurance operations into the Swiss Re North American Life & Health unit.In addition to the purchase price, Lincoln National will retain US$500 million of capital currently supporting […]
By Canadian Underwriter | July 30, 2001
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