Commercial
Following on its “safe driver recognition program”, Saskatchewan Government Insurance (SGI) is planning to offer discounts to its commercial clients.SGI predicts that during the first year of the program, about $2.8 million in policy discounts based on safe driving records will be given to 70,000 business owners. In fact, more than 96% of businesses will […]
By Canadian Underwriter | February 20, 2004
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Chicago- based broker consolidator Hub International Ltd. has acquired the book of business of an Ontario broker specializing in commercial agriculture accounts.The book, that of broker and producer Martin Kir, is estimated to produce annual revenue of US$270,000. Kir now joins Hub’s Leamington, ON office as a senior account executive, and the book of business […]
By Canadian Underwriter | February 17, 2004
Allison Murray, former executive vice president and COO of Enterprise Canada Insurance Services, has started her own company, A.M. Associates. The new company will focus on commercial lines consulting and research for insurers, brokers and law firms. Allianz Canada has appointed Laurent Nadeau as regional vice president for Quebec and Atlantic Canada after more than […]
January 31, 2004
Victims of injuries caused by farm products tractors, backhoes and more received the highest median jury awards over the last decade of all products liability segments, says a new study by Pennsylvania-based Jury Verdict Research.The new study, “Products Liability: Verdicts, Settlements and Statistical Analysis”, covers compensatory jury awards in product liability cases between 1993-2002 in […]
By Canadian Underwriter | January 19, 2004
In a report highlighting concerns over commercial marijuana grow operations, insurance concerns over the increased danger of fire are being brought forward by the Ontario Association of Chiefs of Police (OACP).The OACP-commissioned report speaks to several concerns, including the cost of stolen electricity, youngsters living in the grow house begin exposed to risks, and the […]
By Canadian Underwriter | December 23, 2003
Marine underwriter Harlock Williams Lemon Ltd. (HWL) is buying Murray Underwriting Ltd., to become one of the top five marine carriers in the country.Harlock Murray Underwriting Ltd. will have annual revenues of $25 million. “The markets and staff of the two companies complement each other extremely well, and this merger is seen as a great […]
By Canadian Underwriter | July 28, 2003
Not yet mid-way through the year, 2003 has already set the record for digital attacks, and those attacks are becoming more dangerous, says digital security firm mi2g.As of May 25, 87,903 overt digital attacks were verified worldwide, while the previous annual record, set in 2002, was 87,525.A release from mi2g notes the attacks are targeting […]
By Canadian Underwriter | May 30, 2003
Broker consolidator Hub International Ltd. (TSE, NYSE: HBG) has acquired a new Kentucky unit through its Hub International Midwest “hub” operation. Purchased is Madisonville, Kentucky-based brokerage Wilson & McPherson Inc.Wilson & McPherson, more than 135 years old, is focused on mid-size commercial clients, bringing in revenue of about US$500,000 annually. The brokerage will remain in […]
By Canadian Underwriter | April 3, 2003
Broker network consolidator Hub International Ltd. (TSX: HBG) has acquired the assets of Manhattan, New York-based Waldron Mahoney Inc. for an undisclosed cash sum through the group’s Kaye Insurance Associates Inc. Waldron specializes in serving the insurance needs of high-net worth individuals and mid-sized commercial accounts, generating about US$700, 000 in annual revenue.Wright Olney, founder […]
By Canadian Underwriter | March 2, 2003
Michigan, U.S.-based Burnham Insurance Group Inc., a regional group operation of broker network consolidator Hub International Ltd. (TSX: HGB), has acquired Alberts Insurance Agency Inc. for an undisclosed cash sum. Alberts is located in southwestern Michigan.A Hub media statement notes that Alberts generates about US$325,000 in annual revenue, primarily through small to mid-sized commercial insurance […]
By Canadian Underwriter | January 30, 2003
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