Risk
With the 1999 hurricane season recently closing with the last minute arrival of Hurricane Lenny causing considerably and unexpected damage in the Caribbean, the timing of the recently jointly held Institute for Catastrophic Loss Reduction (ICLR) and Insurance Bureau of Canada (IBC) Hurricane Conference was appropriately timed. Although Canada suffered minor losses through the season, […]
By Paul Kovacs, executive director of the Institute for Catastrophi | December 31, 1999
6 min read
As the company’s senior marketing representative, this occasion was a command performance for me. My company was unveiling its new and improved 24-hour claims service, which included a fleet of modern cell phone, fax and computer-equipped cars to take our claims personnel and support staff on the road. We moved into the theatre and saw, […]
By Axiom | December 31, 1999
7 min read
Crawford Adjusters Canada has announced the appointment of Santo Carbone as vice president of corporate services. He replaces retiring Rex Stephenson. Carbone has 20 years of experience as an adjuster with expertise in claims management, customer relations and problem solving. Stephenson was with Crawford for over 30 years. CNA, Canadian Operations, is pleased to announce […]
December 31, 1999
1 min read
The cost of risk has risen in the U.S. but dropped in Canada, according to the recently released Risk & Insurance Management Society (RIMS) 1999 Benchmark Survey. The annual report, co-authored by Ernst & Young, polled 737 American and 79 Canadian risk managers. Continuing the trend, which began in 1995, the Canadian cost of risk […]
2 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. Ontario Risk & Insurance Management Society: Product Fair (Annual Market Update). For more information, call Marlene Jones-MacKenzie at 416-215-4288. […]
Sports insurance is a specialty-lines oddity. It is unprofitable business marred by rising loss payouts not accurately balanced by the premiums generated. It is a competitive market where premium prices should be two or three times their current rate, insiders agree, but are not, because of eager new entrants. It is an industry with uncertain […]
By Lowell Conn | November 30, 1999
With increasing attention being brought to bear on the cost of distribution and how to improve competitiveness, insurers and independent brokers alike are repositioning. This, however, is having a noticeable impact on the industry's "traditional relationships," leaving many within the industry unsure to the "what", "where" and "how" of the future of the independent broker profession.
By Doug Davis of Davis Consulting Inc. | November 30, 1999
4 min read
Not all of the specialty sports lines are unprofitable it appears. General liability coverage has been good business for Canadian managing general underwriters K&K Insurance, who write $50 to $70 million in premiums annually safeguarding teams against litigation surrounding spectator injuries. The company handles some contingency products, their biggest client in that sector being NASCAR […]
November 30, 1999
The Insurance Bureau of Canada has appointed Terri MacLean as senior vice-president and chief operating officer of the Insurance Crime Prevention Bureau. MacLean, an insurance lawyer, joins the ICPB after an extensive career including stops at Commercial Union, Wellington Insurance Company and ADP Systems Inc. Daniel J. Barry has been named director of government affairs […]
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. Toronto Insurance Women’s Association: Dinner Meeting. For more information, call Julia Benyak at 416-362-8586. Royal York Hotel, Toronto, ON. […]
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