Claims
The ARC Group of Canada Inc held its third annual seminar and cocktail reception at the St. Andrew’s Club & Conference Centre. Gordon Kirke, counsel to Major League Baseball, in the Senator George Mitchell Investigation into Performance-Enhancing Drugs, was the guest speaker at the event. Following on the heels of the sports lawyer who spoke […]
November 30, 2008
1 min read
CARSTAR Automotive Canada’s recent annual charity gala in support of the Canadian Cystic Fibrosis Foundation (CCFF) saw more than 1,000 insurance and vendor partners, employees and friends attended the Casino Gala event where President and CEO of CARSTAR, Sam Mercanti, presented a cheque for $117,500.00 to the CCFF, through fundraising efforts over the year. The […]
Supreme Collision Centre has opened a fourth location – this one in Bolton, Ont. – and the PPG CertifiedFirst Network member is taking extra steps to create a ‘green,’ environmentally-friendly shop and reduce cycle times. Ron Doering, general manager and co-owner of the newest location, said it was his intention to do all the right […]
The Order of the Blue Goose’s Ontario Pond hosted a Night at the Races at Woodbine Race Track. One-hundred and thirty-five ganders and guests braved the frigid night air in a heated trackside tent for good fun, great food, camaraderie and to raise funds for WICC. Nine horse races were watched with eager anticipation although […]
Desjardins Group reported a 2008 Q3 profit of Cdn$149 million, down Cdn$99 million or 39.9% from the corresponding quarter last year. The company’s quarterly return on equity (ROE) fell to 6.2% compared to 11.0% in 2007 Q3.“These results reflect the sharp deterioration in capital markets during the third quarter, causing stock market gyrations and unprecedented […]
By Canadian Underwriter | November 17, 2008
The Chubb Corporation [NYSE: CB] has reported a 2008 Q3 profit of US$264 million, down from its 2007 Q3 net income of US$738 million.The third-quarter drop in net income reflects net realized investment losses, including impairments, of US$113 million before tax, the company noted in a press release. By way of comparison, the company’s 2007 […]
By Canadian Underwriter | November 12, 2008
2 min read
ING Canada Inc. (TSX: IIC) has reported a quarterly net income of Cdn$57.3 million, marking a 37.7% decrease from 2007 Q3’s profit of Cdn$92.0 million.The insurer’s combined ratio for the quarter was 94.0%, a decrease from 2007 Q3’s combined ratio of 97.1%.ING Canada cites investment losses as a primary driver in the decrease of profits. […]
CASCADIA EARTHQUAKE DAMAGE MIGHT BE LOWER THAN INITIALLY ASSUMED Updated earthquake research by the United States Geological Survey is reporting that expected damage to buildings as a result of a Pacific Northwest earthquake in the Cascadia Subduction Region (which also affects B. C.) could be lower than initially assumed. The research includes the use of […]
October 31, 2008
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