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In the wake of Canada Day riots that rocked the city of Edmonton, insurers are stepping up to deal with claims from local businesses, says the Insurance Bureau of Canada (IBC). Estimates of damage are in the hundreds of thousands of dollars as a result of the uprising, which broke out early Canada Day morning […]
July 31, 2001
1 min read
The U.S. attorney general, John Ashcroft, has announced his intention to seek settlement of the federal government’s pending multi-billion dollar lawsuit against the tobacco industry, which was initially launched in 1999 with the support of then U.S. president Bill Clinton. Claims made against the tobacco companies include provisions under the U.S. Racketeering Influenced and Corrupt […]
2 min read
Winners of the John E. Lowes Fund scholarships recently announced are Matthew Lafreniere and Ashley-Lynn Waldron of Algonquin College. The scholarships are awarded annually to Ontario students in full-time, post-secondary programs including the study of property and casualty insurance. Discount Car and Truck Rental recently invited its broker and insurer partners on board for a […]
The primary responsibility of any insurance professional is to provide the best possible service to policyholders. That means not only offering solid advice and guidance in the area of loss prevention, and approving and paying claims as quickly as possible when legitimate losses occur, but also identifying and denying fraudulent claims.
By Ken Smith, special investigations officer at The Citadel Assuran | July 31, 2001
5 min read
480,000 1.7 million 1.4 million 550,000 Source: ISO. $1.4 billion 880,000 480,000 1.7 million 1.4 million 550,000 Source: ISO. $3.5 billion $1.4 billion 880,000 480,000 1.7 million 1.4 million 550,000 Source: ISO. $4.5 billion $3.5 billion $1.4 billion 880,000 480,000 1.7 million 1.4 million 550,000 Source: ISO. $980 million $4.5 billion $3.5 billion $1.4 billion […]
Property and casualty insurers incurred US$4.4 billion in catastrophe-related property losses for the second quarter to end June this year, according to the Insurance Service’s Office (ISO).The nine catastrophic events, of which two storms generated more than US$1 billion in property losses, resulted in this year’s second quarter being the industry’s second worst comparative period […]
By Canadian Underwriter | July 20, 2001
In the wake of Canada Day riots that rocked the city of Edmonton last week, insurers are stepping up to deal with claims from local businesses, says the Insurance Bureau of Canada (IBC). Estimates of damage are in the hundreds of thousands of dollars as a result of the uprising, which broke out early Canada […]
By Canadian Underwriter | July 6, 2001
Law firms Gowling Lafleur Henderson LLP and Smith Lyons LLP have agreed to merge, forming the second largest practice in Canada. The new firm, operating under the Gowlings name, will have about 690 lawyers, second only to McCarthy Tetrault which has 730.Both firms practice insurance law, and are headquartered in Toronto. Over the past several […]
By Canadian Underwriter | July 5, 2001
Net income for the U.S. property and casualty industry in the first quarter of the year dropped 5.4% compared with the same quarter last year, according to the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers (NAII). After-tax income fell from $5.9 billion in first quarter 2000 to $5.6 billion in […]
By Canadian Underwriter | June 25, 2001
By Canadian Underwriter | June 20, 2001
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