October 2006 Archives

From Aviva Canada,

In the early morning hours of August 3rd lightning struck the Residence Domain Boise, a senior citizen's retirement facility in Gatineau, Quebec, which was insured by Aviva. A fire was ignited in the residence and over 70 firefighters responded. All of the residents were evacuated safely, quickly and without serious injury.

This dangerous incident could have turned into a tragedy if Shawn Brown's loss control recommendations were not followed. Fortunately, one year prior to the fire, in August, 2005, Shawn Brown, Sr. Loss Control Representative, Ottawa office, surveyed and inspected the Residence Domain Boise and made these recommendations:

Although the fire alarm system is tested annually, as the present time, documented fire drills are not held. For improved risk management it is recommended that documented fire drills be held on a minimum of an annual basis with records of these drills maintained.

At the time of this visit, there were no smoke detectors provided in unit #247 A&B. Smoke detectors should be provided in each unit, at each floor level. Once installed the detectors should be tested on a minimum of an annual basis.

As a underwriter, I know almost all companies at insurance market honour their quotation for 30 days.

A insurance agent get the quotation from company for his client. The client need time to think about it.
Or,
Compare the quotations from different companies or brokage.

If he has not asked this coverage until the expiry date and over the valid time, he may face the problem to renew his insurance.

So remember, be on time.

Risk and liability associated with Internet communications is a "vast insurance field that is only beginning to open," .
Internet is everwhere. No metter what business you run, you will use computers, Emails. The risk is more and more connected with your business.
The indeterminate nature of Internet law means risk managers need to focus on risk rather than liability when it comes to assessing so-called "cyber-risks," or E-risk.
As an example of the difficulties, Supreme Court of Canada's recent decision in the copyright case of Heather Robertson v. The Thomson Corporation (the owner of the Globe and Mail). The court's split in the case portends how difficult it will be for risk managers to assess corporate risk in an uncertain legal environment surrounding the Internet.

Canadian Underwriter's April 2006 Web Poll asked the question:

Should whistleblowers in an insurance company receive immunity from sanction after leaking internal, confidential information about high-risk activities to insurance regulators?

Some times, you may want to see any insurance position available in the market.
InsuranceWorks is a good choice:

-Rated in the top 500,000 of all websites by Alexa.com. -Over 400,00 page views and 65,000 unique visits. -Over 650 Insurance Employers Registered across Canada.