Industry
We couldn’t have picked a worse day for the opening of my company’s new regional office. Gale-force winds had blasted into the city overnight, knocking down trees and power-lines, shutting down the airport, and tearing the roofs off new, unfinished homes in the suburbs. They had also succeeded in lighting up the phones in our […]
By Axiom | May 31, 1999
9 min read
Risk
With the rising trend of North American natural catastrophe losses, a great deal of attention is being turned to the development of computer simulated cat risk programs. Cat risk models are hardly a new technological advancement for the insurance industry, they have been around since the devastation inflicted on the industry by Hurricane Andrew. Forced […]
By Sean van Zyl, Editor | May 31, 1999
3 min read
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. Insurance Institute of Ontario Ottawa Chapter: 40th Anniversary/Ontario Centennial Dinner Cruise. Contact Ellen Legault at 613-722-7870. Ottawa River, Ottawa, […]
May 31, 1999
1 min read
Workers compensation costs, safety and loss control programs, technology, the insurance marketplace and corporate human resources are among the top issues of concern facing risk managers in 1999, according to Liberty Mutual’s Risk Management: Ideas at Work survey released at RIMS. John Ryan, Liberty Mutual’s vice president of commercial marketing, says risk managers are utilizing […]
While the potential restructuring of financial institutions on the national scene is holding the attention of Alberta brokers, there are plenty of initiatives on the homefront to keep them busy. New Insurance Brokers Association of Alberta (IBAA) president Stephen Evanson says his organization is concentrating efforts on assisting the provincial government in rewriting its Insurance […]
2 min read
This month federal Finance Minister Paul Martin will release his report outlining the proposed future of financial institutions in Canada. With brokers and insurers weary of banks being allowed to retail insurance out of their branches, the associations are standing by ready to release their responses to the public. Insurance Bureau of Canada vice president […]
The new president of the Insurance Brokers Association of Manitoba (IBAM) Ron Vandenbosch says the battle against banks retailing insurance is the top concern expressed by his constituents at the recent IBAM annual general meeting in Winnipeg. Asked to list three top concerns of Manitoba brokers, he answers the bank threat, the need to further […]
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Arecent tornado that hit Oklahoma has become the worst insured catastrophe in the state’s history, according to preliminary information released by the Property Claim Services (PCS) unit of Insurance Services Office (ISO). The storm system caused $955 million in insured damage, exceeding the state’s previous worst, a June 1992 tornado totalling $150 million in damages. […]
Dallas, Texas was the site of the Risk & Insurance Management Society's recent 37th annual conference and exhibition where 4500 delegates met, networked, and examined a profession undergoing large-scale transformation.
By Lowell Conn | May 31, 1999
6 min read
AIG recently held it’s first Canadian Product Fair in Toronto at the Roy Thompson Hall. Greg Flood (pictured), president of AIG’s mergers & acquisitions division, was one of several speakers addressing the 600 attendees. Flood points out that the surge in M&A deals over the past two years has opened up new product opportunities for […]
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