Risk

ESIS to provide dedicated Canadian workers compensation oversight

ESIS Inc., a risk management services company of ACE USA, announced it will provide dedicated Canadian workers compensation oversight to its clients through its affiliate, ESIS Canada Inc. ESIS Canada Inc. will offer reporting services for all new claims to the appropriate provincial workers compensation Board (WCB), including assistance with the filing of all WCB […]

By Canadian Underwriter | November 2, 2007

1 min read

Ontario Court upholds liability waiver based on “forseeable” risk

The legal test for negligence which would absolve an outdoor equipment provider of liability in a personal injury case is not perfection but rather to design a product so as to eliminate any unreasonable risk of foreseeable injury, the Ontario Superior Court ruled in Enslev v. Challenges Unlimited Inc.And although an outdoor swing designer might […]

By Canadian Underwriter | November 2, 2007

2 min read

Aon announces restructuring plan

Aon Corporation has announced a global restructuring plan with projected savings of US$240 million by 2010 that includes the elimination of 2,700 positions and the outsourcing of 1,100 positions.The announcement came on the heels of the companys 2007 Q3 results, which saw a 92% increase in profit, from US$106 million in 2006 Q3 to US$204 […]

By Canadian Underwriter | November 1, 2007

1 min read

Reinsurers on Canada’s Primary Market: Rate Spiral

Reinsurers see greater catastrophe exposures and a renewed emphasis on insurance to value in the future, causing them to wonder how much further primary insurance rates will continue to spiral in the meantime

October 31, 2007

12 min read