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Faced with a rapidly evolving marketplace driven by new technology advancements, independent brokers and agents across North America have realised the need to step forward with cooperative initiatives to ensure that their profession remains relevant and effective in the new electronic century. The Insurance Brokers Association of Canada (IBAC) and the Independent Insurance Agents of […]
By Mabel Sansom, executive director of the Insurance Brokers Associ | September 30, 2000
5 min read
When a tornado ripped through Pine Lake, Alberta in July of this year, confusion was the order of the day. Local emergency authorities and the media swarmed around the devastated area trying to assist the victims. Insurers and adjusters were also there, providing swift service in getting the residents back on their feet
By Vikki Spencer | August 31, 2000
3 min read
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. International Insurance Society, Inc. Annual Seminar. Vancouver, BC. For further information call 212-515-9291. July 9 to 12. Property and […]
June 30, 2000
2 min read
Last year proved to be a turning point for the insurance industry’s technology standards organization, the Centre for Study of Insurance Operations (CSIO), says chairman Howard Moran at the annual general meeting. Subsequent to the appointment of a new president, Klaas Westera, in July of last year, the CSIO completed an internal study highlighting the […]
April 30, 2000
In February’s Moves and Views, an incorrect address was given for the Property and Casualty Insurance Compensation Corporation’s website. The correct address is www.pacicc.com. CU regrets the error.
1 min read
Ten years ago, auto theft was not big business organized crime that it has become today. About 97% of stolen cars were recovered then. Today, that figure has dropped to 60%. Some attribute the change to a more organized crime structure. Others, to the opening of the border following the North American Free Trade Agreement […]
By Lowell Conn | February 29, 2000
The Economical Insurance Group has signed an agreement to purchase Montreal-based auto and property insurer Federation Insurance Company of Canada, a transaction that boosts the Waterloo-based company to number five nation-wide in total premium volume. Federation’s written premium is expected to reach $200 million this year, combined, the two companies will exceed more than $1 […]
January 31, 2000
Atlantic harmonization was the big topic of discussion at the Insurance Brokers Association of Nova Scotia (IBANS) conference held recently in Baddeck, Nova Scotia. IBANS president Michael Brien says his constituents have a number of concerns heading into the coming year, harmonization of course among them, but particularly of exposure within the Nova Scotia province. […]
October 31, 1999
Munich Reinsurance Company of Canada has announced the following appointments, Barbara Amodeo, vice president, Technical Insurance Department, Frances Fortin, vice president, Actuarial Department, Joe Golobic, vice president, Information Services Department, Tina Gooding, vice president, Property Treaty Department, John Kelly, vice president, Casualty Special Risks Department, Mark Kuhlmann, vice president, Marketing Department, Peter McCutcheon, vice president, […]
U.S. property and casualty insurers will pay homeowners and businesses an estimated $1.3 billion for insured property damage caused by Hurricane Floyd, according to preliminary calculations by the Insurance Services Office Inc. Hurricane Floyd hit 16 states, from Florida to Maine, but insured property damage was not as devastating as initially feared. North Carolina was […]
September 30, 1999
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