Industry
Kingsway Financial Services Inc. has appointed Shelly Gobin as vice president and CFO.Gobin has been with Kingsway for more than 10 years; during that time, she has held increasingly progressive executive roles at Kingsway. In addition, she has been significantly involved in all financial reporting and capital raising initiatives over this time, according to a […]
By Canadian Underwriter | January 22, 2008
2 min read
British Columbia is launching the initial phase of its enhanced driver’s licences (EDLs), a proposed alternative to the passport that will be required to enter the United States at its land and water borders no earlier than June 2009.The EDL program is in response to the U.S. Western Hemisphere Travel Initiative (WHTI), which is now […]
1 min read
In a short, four-paragraph endorsement, the Ontario Court of Appeal recently dismissed an appeal in a seemingly run-of-the-mill fire insurance claim. Or was it a run-of-the-mill claim?The full text of the Ontario Superior Court’s original decision in Silva v. CGU Insurance Company of Canada was not available as of press time. But the Court of […]
By Canadian Underwriter | January 21, 2008
A storm that hit Ontario at the beginning of January is estimated to have resulted in roughly Cdn$50 million in insured damage, according to the Insurance Bureau of Canada (IBC). The majority of the damage is due to sewer backup, in addition to a lot of personal property claims, IBC reported. Also, there was a […]
Dale Chow has been appointed as vice president, Vancouver branch manager for Chubb Insurance Company of Canada.Chow and his team are responsible for all field operations servicing British Columbia.Chow has re-joined Chubb from the Bermuda offices of Allied World Assurance Company, where he was vice president of professional lines and team leader. Joining the firm […]
Royal & SunAlliance (R&SA) has partnered with the Executive Development Centre at Queen’s School of Business to launch a new broker education program. The program, Making Partner, has been designed with Queen’s to provide customized senior management leadership and business skills to R&SA brokers who aspire to “make partner” one day in their brokerages, R&SA […]
By Canadian Underwriter | January 18, 2008
John Joseph London, 38, faces fraud charges in Toronto after an investigation into an alleged insurance scam. London, of Richmond Hill, ON, is charged with fraud under Cdn$5,000, falsification of books or documents, writing a forged document and selling/giving/distributing a false insurance card, according to a release from the Registered Insurance Brokers of Ontario (RIBO). […]
The American Insurance Association (AIA) has called on U.S. state insurance regulators not to “mandate” disclosure of climate risk.In a 16-page white paper, made public in December 2007, the National Association of Insurance Commissioners (NAIC) devotes about 16 paragraphs to a discussion about whether U.S. insurance companies should be required to disclose a routine and […]
The Financial Services Commission of Ontario (FSCO) has launched a new online tool, ‘Monitoring and Enforcements [M&E] Online,’ where statistics from the different sectors FSCO oversees are posted.”M&E Online reports on FSCO’s prosecution activities, the decisions arising out of the hearings FSCO conducts, and other regulatory activities that help ensure consumer confidence in the financial […]
Multinational organizations face elevated political and economic risks in 25 of the 50 largest global economies, according to an analysis released by Aon Trade Credit Global. Such risks include business interruption caused by war, terror attacks and political interference, Aon reports. Political and economic risk is highest in the oil-rich nations of Iran, Nigeria and […]
By Canadian Underwriter | January 17, 2008
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