Auto
Buoyed by strong underwriting results and solid investment income, ING Canada Inc. (TSX: IIC.LV) has reported a net income of $202.8 million for the quarter ended September 30, 2005, which is a 24% increase over the $163.6 million for the same period last year. “ING Canada continued to deliver impressive earnings growth in the third […]
November 30, 2005
2 min read
SGI is amending Saskatchewan’s Traffic Safety Act to establish an immediate 24-hour licence suspension for drivers who fail a standard field sobriety test (SFST) due to alcohol or drug impairment.Also, the province’s act will be amended in 2006 so that drivers who refuse an SFST will also face immediate 24-hour suspension of their driver’s licence. […]
By Canadian Underwriter | November 24, 2005
Co-operators General Insurance Company’s consolidated after-tax net income for the third quarter 2005 is $24.1 million, compared to $28.3 million for the same period in 2004.The Company’s Q3 gross written premium increased 0.8% to $523 million, compared to $519 million in the same period last year. The claims ratio was 71.9%, compared to 67.2% last […]
By Canadian Underwriter | October 28, 2005
1 min read
A lawsuit filed last year regarding a car that collided with a horse crossing the road in Memramcook, NB, was recently discussed in court regarding whether or not it is a car or a horse accident. The problem which has arisen is whether or not the compensation will fall under the auto-insurance reforms in the […]
By Canadian Underwriter | October 20, 2005
Impaired driving remains a leading factor contributing to fatal accidents in B.C., ICBC says in advance of its October Zero Crash Month awareness program.”Police-reported incidents indicate alcohol was a contributing factor in over 23% of all fatal crashes in 2004, second only to speeding (33%),” ICBC announced in a press release. “Some 93 people were […]
By Canadian Underwriter | October 19, 2005
Attempting to retrieve loose objects in a car is slightly more of a distraction for car drivers than using cell phones, according to a recent poll conducted by www.InsuranceHotline.com.The poll identifies the Top 3 driving distractions as “loose objects in a car” (24%), cell phones (19%), and external distractions (16%).In a research paper, InsuranceHotline.com has […]
By Canadian Underwriter | October 5, 2005
Hub International Limited (NYSE/TSX: HBG) through its San Diego office of the company’s California-based regional hub, Hub International Limited of California, has implemented the fold-in acquisition of the transportation speciality agency Kline Transportation Insurance, Inc. Terms of the acquisition were not disclosed. “Rick Kline and his team have built a strong reputation and client base […]
By Canadian Underwriter | August 2, 2005
The Insurance Corporation of British Columbia’s (ICBC) net income for the second quarter of 2005 was $164 million, a slight decrease from $167 million for the comparable period last year. “The average cost of injury claims continues to be an area of concern,” Paul Taylor, ICBC’s president and CEO, says. Taylor adds that the increase […]
July 31, 2005
In nine days, changes to the Consumer Protection Act will introduce some extremely tough and comprehensive changes to Ontario consumer protection laws, according to Government Services Minister Gerry Phillips.The Act effective July 30 is replacing the original laws passed in the 60s and 70s and addresses issues such as home renovations and negative option billing.The […]
By Canadian Underwriter | July 21, 2005
Two large luxury cars recently earned top ratings in both front and side impact crash tests conducted by the Insurance Institute for Highway Safety. The 2005 Audi A6 earned good ratings and “best pick” designations for its performance in both tests, making the A6 a “double best pick.” The 2006 Infiniti M35 also earned good […]
By Canadian Underwriter | July 19, 2005
3 min read
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