Risk
The insurance and risk management community sent skiers to Mont Tremblant, Quebec on Feb. 1 and 2 for a major fundraiser, the Ronald McDonald House Charities Ski Challenge. The event, which is popular for its social as well as its sporting component, brings together a few hundred participants from businesses of all kinds to take […]
February 28, 2010
1 min read
In Memoriam
2 min read
COMMERCIAL PREMIUMS DROP IN 2009 Q4: RIMS SURVEY Premiums continued to tumble for commercial insurance buyers in 2009 Q4, with few signs that the soft phase of the pricing cycle is nearing the end, according to the RIMS Benchmark Survey. The survey, administered by Advisen Ltd., tracks changes in insurance policy renewal prices as reported […]
January 31, 2010
NEAR-TERM MODELS ARE OVERESTIMATING INSURED DAMAGES: KAREN CLARK Near-term models designed to project insured losses from Atlantic hurricanes in the United States have significantly overestimated losses for the cumulative 2006-09 seasons, a Karen Clark release says. Three major catastrophe modellers introduced near-term models in 2006 following the destructive 2004 and 2005 hurricane seasons. Actual cumulative […]
IBC DENOUNCES PROPOSED PROHIBITION ON EXCLUDING FIRE CLAIMS FOLLOWING TERRORIST ATTACKS, EARTHQUAKES: Canada’s property and casualty insurance industry is “strongly cautioning” the Alberta government to scrap a proposal that would prohibit insurers from excluding claims for fire damage following terrorist or earthquake events. Primary insurers would run a higher risk of insolvency if the government […]
Provincial regulators have issued an undertaking to harmonize their regulatory approaches with OSFI in relation to Part XIII amendments.
By Robert McDowell, Fasken Martineau DuMoulin LLP & Marvin Mikhail, Fasken Martineau DuMoulin LLP | January 31, 2010
9 min read
How red-yellow-green LED technology is helping to change driving behaviours and develop safer drivers.
By Dan Steere, CEO, GreenRoad | January 31, 2010
5 min read
New technology that converts spreadsheets into Web-based, real-time applications can aid a risk manager in checking quotes for accuracy.
By Ugur Kadakal, CEO, Pagos Inc. | January 31, 2010
6 min read
Insurance to value (ITV) data problems are now widely known in the insurance industry, but new technology services want to fill the void left by undervaluation. The goal of these "data validation" tools is to shrink the gap between valuations and premiums, by giving brokers easily accessible information at the point of sale and comparing building calculations to actual losses. Many brokers are on board, but the bigger question may be: are insurance companies interested?
By Craig Harris | January 31, 2010
13 min read
In an effort to go paperless, Gore Mutual took a phased approach to delivering a new document generation project.
By Tom Clayton, Industry Leader, Financial Services And Insurance Division, HP Exstream | January 31, 2010
3 min read
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