Commercial
Newfoundland brokers are meeting with the province’s superintendent of insurance to discuss the disclosure requirements contained in the province’s January 2007 consumer protection document entitled “Principles for the Sale of Insurance.” “As far as the industry is concerned, especially the brokers here in the province, we feel it puts an onerous requirement on us as […]
March 31, 2007
1 min read
Insurers and reinsurers need to improve communication with both insureds and government bodies to avoid government intervention and pressure from regulators, says Pierre Ozendo, chairman and CEO of Swiss Re America Corporation. Ozendo met with journalists in a meeting following Swiss Re’s 2007 Canadian Insurance Outlook Breakfast meeting in Toronto. There, he said that although […]
2 min read
Newfoundland brokers are meeting with the provinces superintendent of insurance to discuss the disclosure requirements contained in the provinces January 2007 consumer protection document entitled Principles for the Sale of Insurance.As far as the industry is concerned, especially the brokers here in the province, we feel it puts an onerous requirement on us as businesspeople, […]
By Canadian Underwriter | March 15, 2007
Preparing staff for change will lead to a smoother transition when it comes to implementing a new Commercial Management System
By Lisa Kirshner, Implementation Manager, Policy Works Inc. | January 31, 2007
6 min read
Chubb Corp. and Starr Aviation Agency Inc. recently entered into an agreement to offer clients hull and liability and workers compensation coverages.The terms of this underwriting agreement states that Chubb will provide hull and liability insurance to Starr Aviation’s general aviation clients. In addition, Chubb will provide the Company’s general and commercial aviation clients with […]
By Canadian Underwriter | June 20, 2006
Commercial vehicle crashes are most commonly caused by the behavior of drivers, according to the Large Truck Crash Causation Study.The study, commissioned by the Federal Motor Carrier Safety Administration and conducted with the National Highway Safety Administration, indicates that drivers involved in truck crashes were 10 times more likely to be the cause of those […]
By Canadian Underwriter | March 30, 2006
Regional adjusting firm Pritchard Woodall & Associates were recently called upon to deal with the aftermath of the Queen of Oak Bay Ferry damaging some 29 vessels and a commercial wharf located at Horseshoe Bay in North Vancouver, BC. Working with the insurers and BC Ferries, Mark Woodall, a principal of Pritchard Woodall & Associates, […]
August 31, 2005
Royal & SunAlliance Insurance Company of Canada recently acquired the renewal rights of ING Insurance Company of Canada’s $13-million marine commercial insurance business. Royal & SunAlliance will control the business beginning Sept. 1, 2005. Under the terms of the agreement, Royal & SunAlliance has acquired the renewal rights to ING commercial ocean marine business, including […]
July 31, 2005
Elliott Special Risks recently entered into a partnership with Newport Private Yield LP.Through this partnership, Newport is acquiring an ownership interest in the company, however senior management will continue to own a significant interest and maintain operational control and responsibility for the direction of the business. In addition, Newport an asset management company engaged in […]
By Canadian Underwriter | July 5, 2005
Vehicle registration for Saskatchewan farmers operating heavy trucks is set to increase by September 1, 2005. These government insurance fees are being re-balanced to address the damage heavy vehicles cause to highways and they will fluctuate to reflect the damage specific vehicles may cause. The government is also offering a $32 farm trailer registration that […]
By Canadian Underwriter | July 4, 2005
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