Risk
The Facility Association (FA)s proposed framework to make it easier to create risk sharing pools (RSPs) in a given jurisdiction has been shot down in a member mail vote. In order to pass, the Plan of Operation amendments, would require 51% of all eligible votes within 60 days of the mail vote being sent out.With […]
By Canadian Underwriter | June 26, 2007
2 min read
Signature Risk Partners (SRPI) Inc. has launched a property and casualty product designed for Canadian golf course owners, with coverage extending from property and equipment, business interruption, crime and commercial general liability.The Signature Golf insurance program was created after a two-year research study of the golf industry, and is a custom solution specifically designed for […]
By Canadian Underwriter | June 25, 2007
1 min read
Canadian carriers scored the lowest in terms of quality of underwriting, policy administration and service when compared with the United States, London and Bermuda carriers in Willis Groups inaugural Carrier Evaluation Survey.In terms of claims, Canadians nudged ahead of Bermuda-based carriers for third place.The results of the programme are based on a survey of 2,500 […]
By Canadian Underwriter | June 22, 2007
Kingsway Financial Services Inc. has announced its newly-formed, wholly-owned subsidiary, Kingsway 2007 General Partnership, has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for a proposed public offering of senior unsecured debentures.The offering will be jointly and severally guaranteed by Kingsway and Kingsway […]
By Canadian Underwriter | June 21, 2007
A decrease in teen auto collisions may be related to graduated licensing laws, suggests an Insurance Institute for Highway Safety (IIHS) report. According to the US report, based on crashes of all severities, the crash rate per mile for 16-19 year-olds is four times the rate for drivers 20 and older, with the risk being […]
Risk Management Solutions (RMS) has launched a software platform that aims to enable insurance industry professionals to gain a more comprehensive view of their portfolio risk. “The Reinsurance Platform will help insurance, reinsurance, and catastrophe management professionals to reduce uncertainty in modelled losses, build a deeper understanding around regional accumulations of risk, and make better-informed […]
By Canadian Underwriter | June 20, 2007
The Risk and Insurance Management Society (RIMS) has sponsored publication of a new handbook to help people make sense out of that nebulous area known as Enterprise Risk Management (ERM). The title of the book which would be familiar to anyone who sees the ubiquitous presence of its yellow-and-black design in bookstores through the country […]
By Canadian Underwriter | June 18, 2007
The National Association of Professional Insurance Agents (PIA) in the United States has criticized a statement issued by the Risk and Insurance Management Society (RIMS), saying the groups position on incentive compensation undermines the free enterprise system.RIMS, the nations largest association of commercial insurance buyers, earlier issued a public statement saying it was disappointed to […]
By Canadian Underwriter | June 14, 2007
Experts at Lloyds are warning that the global obesity epidemic could have hefty implications for insurers claims payouts. Some jurisdictions are attempting to hold fast food restaurants liable for the epidemic, causing pre-emptive obesity legislation to be passed, particularly in the U.S., to mitigate the risk of being held on the hook. In a statement, […]
Canadas insurance regulators are working with the industry to establish a foundation for a new principles-based (as opposed to rules-based) approach to regulation, but that doesnt mean regulators are likely to throw out more prescriptive approaches should they be deemed more appropriate, the executive director of the Financial Services Commission of Ontario (FSCO) told an […]
By Canadian Underwriter | June 12, 2007
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
