Risk
There is little smooth sailing for risk managers today. The rough tides brought on by the Spitzer investigations, coupled with a commercial insurance market in transition, are forcing risk professionals to navigate treacherous waters indeed. Into this fray, incoming Risk & Insurance Management Society (RIMS) president Ellen Vinck treads, ready to take the helm, charting strong fundamentals and a united industry voice as the true course to guide the professional safely to port.
By Vikki Spencer | February 28, 2005
6 min read
Canada's non-profit sector has taken its insurance hits over the past three years from higher rates and reduced coverage. Its vulnerable position in the insurance cycle has caught the attention of regulators and politicians across the country. Insurers are now responding with a flurry of activity to solve the problem and control the damage.
By Craig Harris | February 28, 2005
9 min read
One of the first pieces of advice I give to insurance buyers is "sell your risk to insurers... don't let them sell you insurance!" Risk managers have realized for a long time who is the seller and who is the buyer in the insured/insurer relationship, and now, more insureds are "getting it".
By Craig A. Rowe | February 28, 2005
5 min read
A look ahead at global political risk in 2005, and how businesses can manage it.
By Patrick Doig | February 28, 2005
4 min read
Recent scientific and legal developments have started to push mold damage in buildings up on the agendas of many insurance companies.
By Andreas Wagner, and Tom Park | February 28, 2005
Legal reform topped the agenda at this year's CIAA/CICMA Joint Conference in Toronto recently, as a panel of legal professionals detailed the government efforts and court decisions shaping the future of insurance litigation across Canada.
While many insurance companies talk of risk assessment and underwriting, few have taken advantage of technology solutions to integrate loss inspection reports into their workflow.
By Terry Neilson | February 28, 2005
It is rare to have members of the Ontario Court of Appeal attend insurance industry conventions to talk about proper procedures to follow when dealing with claims. In fact, it may never happen. But the next best thing to a personal attendance by a judge is a decision aimed at members of the industry, as well as insurance counsel and opposing counsel. Such a decision lies in the findings of Halifax Insurance Co. of Canada vs. Innopex, which takes aim at the duty to defend and the procedure for determining when the duty to defend arises.
By Will O'Hara of Gardiner Roberts L.L.P. | February 28, 2005
In response to rising premiums and availability issues, B.C.’s tourism operators have some new tools to improve their risk profile and hopefully receive lower rates, but also to provide coverage in specific sectors.The province’s Council of Tourism Associations has put together a program which not only offers liability insurance, but also safety and risk management […]
By Canadian Underwriter | February 27, 2005
1 min read
News today that Chubb Insurance Co. was seeking to rescind US$40 million in coverage for directors and officers of Nortel Network Corp. highlights the need for companies to purchase non-rescindable cover, says Scott Saddington, chief underwriting officer for Executive Risk Services.Saddington says it was coincidental that the Chubb news was reported today by the Toronto […]
By Canadian Underwriter | February 24, 2005
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