Industry
The Risk and Insurance Management Society (RIMS) has launched a guide for risk managers to manage cyber risks using an enterprise risk management (ERM) approach. The report is a joint effort between RIMS, Identity Theft 911 and USLaw Network.ERM Best Practices in the Cyber World is a 29-page, how-to guide designed to help organizations successfully […]
By Canadian Underwriter | February 6, 2012
1 min read
SGI has proposed a net increase of 3.7% for Saskatchewan Auto Fund rates. If approved, the rate changes would take effect Aug. 4, 2012.The public insurer submitted its proposal to the Saskatchewan Rate Review Panel for “rate rebalancing.” Rebalancing takes into account the number of collisions and their severity, including damage, injury and liability costs […]
By Canadian Underwriter | February 3, 2012
As the United States gears up for the Super Bowl on Feb. 5, insurers are warning of the escalation of risks specific to the big football game.Take pizza delivery, for example.As U.S. households hunker down for the big game, which starts around dinnertime at 6:30 pm, it’s a no-brainer to order take-out for dinner. Fast-food […]
The Insurance Institute, in collaboration with the Ontario Insurance Adjusters Association (OIAA), is officially launching a training program to help adjusters understand serious injuries. Understanding Serious Injury: Adjuster Training & Education is a comprehensive, eight-day program offering applied technical training and education specifically developed for adjusters and their employers. The program will be available to […]
Now that its acquisition of GCAN is complete, RSA has unveiled its ‘stem-to-stern’ proposition, including a suite of offerings in commercial, personal and large commercial and specialty lines.Since acquiring GCAN in January 2011, RSA combined the strengths of both organizations to build out its Large Commercial and Specialty division, targeting large, complex, national and multinational […]
Federally regulated property and casualty insurers and other financial institutions are expected to fill out a return informing Canada’s federal solvency regulator about any intended change to a company’s financial year-end.The Office of the Superintendent of Financial Institutions (OSFI) has posted new general instructions for form OSFI-596 (Return of Fiscal Year End Change) on its […]
The Governments of Canada and B.C. have jointly invested $36 million to provide greater flood protection for 20 communities across B.C. “Our government is committed to strengthening our communities and protecting Canadians,” Lynne Yelich, minister of state for Western economic diversification, said in an announcement on Jan. 24. “We know that by investing in flood […]
By Canadian Underwriter | February 2, 2012
2 min read
Mondial Assistance Canada, an assistance and specialty insurance provider, has become Allianz Global Assistance as of Feb. 1, 2012.The name change is part of a global brand transition expected to be completed in late 2012. Mondial Assistance Canada is a subsidiary of Allianz Global Assistance, an international provider of assistance and insurance services with operation […]
The nature of traditional property and casualty risks is shifting, and people can no longer rely entirely on the purchase of insurance to mitigate them, said Joe Plumeri, chairman and CEO of Willis Group. Plumeri spoke recently at the 2012 World Captive Forum in Miami, Florida. During his address, he noted the Miami hurricane of […]
A new seismic model allows U.S. nuclear facilities in the central and eastern United States to reassess their seismic hazards.The model and report, The Central and Eastern United States Seismic Source Characterization for Nuclear Facilities, was a joint effort by the Electric Power-Research Institute, the U.S. Department of Energy and the U.S. Nuclear Regulatory Commission […]
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