Industry
FirstOnSite Restoration LP and Disaster Kleenup Canada Ltd. (DKC) have parted ways effective Aug. 31, 2008. A limited partnership FirstOnSite Restoration LP was created in 2007, comprised primarily of a number of DKC members. As FirstOnSite’s business model developed, it became evident that it was not compatible with that of Disaster Kleenup’s, and so the […]
By Canadian Underwriter | September 2, 2008
1 min read
The cost of auto injury claims in the United States involving lighter-weight vehicles tends to be higher than the cost of claims involving heavy vehicles, according to a new report from the Insurance Research Council (IRC).To investigate the potential impact of rising gas prices on insurance claims costs, IRC analyzed 9,140 personal injury protection (PIP) […]
2 min read
AON CORPORATION TO ACQUIRE BENFIELD GROUP LIMITED Aon is acquiring reinsurance intermediary Benfield for 3.50 (Cdn$6.79) per share in cash and will assume 91 million (Cdn$176.43 million) of Benfield’s net debt, representing an enterprise value of approximately 935 million (Cdn$1.81 billion) on a fully diluted basis, the company notes in a release. Assuming regulatory approval […]
August 31, 2008
IBC CALLS FOR MINOR INJURY CAP ON POST-PAF ASSESSMENTS IN ONTARIO The Insurance Bureau of Canada (IBC) has asked Ontario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), to consider imposing a Cdn$1,500 cap on post-PAF assessments and treatments for minor injuries. The suggestion is one of 25 recommendations IBC made to FSCO as […]
WINTER WEATHER HITS ING CANADA’S 2008 Q2 PROFITS ING Canada Inc. (TSX: IIC) reported its profits declined to Cdn$112 million in 2008 Q2, down from the Cdn$194.3 million net income it reported last year. The company said the decline was due in part to severe winter weather storms, as well as weakness in the equity […]
Peter Fredericks, the incoming president of the Insurance Brokers Association of Canada, says he wants the public to perceive brokers as loyal and trustworthy
By David Gambrill, Editor | August 31, 2008
6 min read
The industry is discussing ways to help overcome stereotypes in a bid to recruit more talent into a shrinking labour pool
By Jay Perry, Founder And CEO, Automotive Business Consultants Inc. | August 31, 2008
For women and men alike, but particularly for women, it’s disheartening to see little has changed in the demographic make-up of the executive level of the Canadian property and casualty industry over the past decade. Women held only 23% of senior management roles in the industry in 2006, up a mere 1% since 1996. But […]
By Vanessa Mariga, Associate Editor | August 31, 2008
15 min read
Using the model of a claims performance cube, carriers can leverage their technology to increase customer satisfaction
By Greg Horn, Vice President, Industry Relations, Mitchell International | August 31, 2008
3 min read
1 Aon’s Ontario claims group has made a variety of new staff appointments. Eugene Savaia [1a] has been appointed senior claims consultant. Savaia has more than 26 years worth of insurance claims experience, most recently with Zurich North America Canada. He has resolved major industrial/ commercial property losses, as well has gained casualty experience as […]
4 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
