Industry
Approved auto insurance rates indicate an average change of -0.13% in 2007 Q2, based on the entire market, FSCO reported on its Web site. In the 2007 Q2, for the 31.12% of the market that had rate changes approved, the average rate change was -0.41% when weighted by 2006 market share,” FSCO reported in the […]
August 31, 2007
1 min read
Incoming IBAC president Danny Craig, a practical man, shows what it's like to learn the brokerage industry the hard way
6 min read
Stephen Scullion has been appointed director, Professional Development, Crawford & Company (Canada). Scullion will assume leadership of Crawford’s Canadian training and development initiatives including the ongoing delivery of technical courses, development of new training curriculum and implementation of a web-based learning management system in conjunction with Crawford University, according to a release. “Over the years, […]
5 min read
The Hounourable Order of the Blue Goose, Ontario Pond recently held their annual Blue Goose Volleyball Classic with proceeds going to the 2008 Grand Nest Convention Fund. According to Blue Goose Ontario’s social director Dora Coemtzis, “Overlooking the Toronto harbour and skyline, more than eleven teams competed in the beach volleyball tournament held at The […]
3 min read
Kingsway Financial Services Inc. (TSE:KFS, NYSE:KFS) has reported a 2007 Q2 net income of US$41.7 million, a 4% increase over the same quarter last year. In a press release, Bill Star, the president and CEO, said he was “pleased with the performance of our Canadian subsidiaries for the quarter and year to date, with each […]
2 min read
Fairfax Financial Holdings Limited (TSX: FFH) announced a 2007 Q2 profit of Cdn$168.1 million, down from 2006 Q2 earnings of Cdn$229.2 million. Northbridge Financial Corporation (TSX: NB) and Odyssey Re Holdings Corp, Fairfax’s primary insurance and reinsurance operations, announced 2007 Q2 net earnings of Cdn$116.7 million and Cdn$153.38 million. These financial results represent an increase […]
To the already controversial topic of Independent Medical Examinations (IMEs), one can now add the following twist: claimants requesting a videotape recording of their sessions with a physician. Medical evaluators, insurance companies and defence counsel have noticed an increase in applications for videotape requests from plaintiffs’ lawyers and patients undergoing a defence medical examination, particularly […]
By Craig Harris | August 31, 2007
10 min read
On July 19, 2007, Insurance Bureau of Canada President and CEO Stan Griffin announced his intention to retire at the end of the year. The following are his reflections on 32 years in the industry.
Thirty-seven years ago, Mike Donoghue, now the president and CEO of Allstate Insurance Company of Canada, joined Allstate because the gig included the use of a company car. He’s come a long way since then; now he is the chair of the Insurance Bureau of Canada (IBC)’s board of directors. From the bureau’s perspective, Donoghue’s […]
By Vanessa Mariga | August 31, 2007
7 min read
Adjusters are dismissing the entrance of third party claims agencies into the Canadian market as a passing fad
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