Industry
Building boom out West inflates insurers' claims costs, as insurers find creative ways to round up contractors, collision repair shops during times of need
By David Gambrill. | August 31, 2007
6 min read
We’ve all heard the Internet is the way of the future, providing 24/7 service to would-be policyholders. And independent brokers are constantly warning themselves that they had better become more competitive with direct writers and the so-called “virtual writers” in the use of this technology — or else. But the Internet, while it is no […]
August 31, 2007
4 min read
Consumers have enjoyed nearly Cdn$7 billion of auto insurance premium savings since insurance reforms were implemented in 2003 and 2004 in Ontario, Alberta, and Atlantic Canada, according to the Insurance Bureau of Canada. IBC made its observations in a press release following an analysis of the latest data available from the General Insurance Statistical Agency […]
1 min read
Ontarios Ministry of Transportation (MTO) announced today that the province will be moving ahead to regulate driving schools and instructors, a move supported by the Insurance Bureau of Canada (IBC).Effective September 1, the Ontario government will regulate schools offering beginner driver education, an MTO release says.A new curriculum standard will be implemented by the end […]
By Canadian Underwriter | August 31, 2007
A recent decision by the Supreme Court of Canada in Blank v. Canada 2006 SCC 30 settles certain points regarding litigation privilege, Ted Bock, partner, Aikins, MacAulay & Thorvaldson LLP, told attendees during at seminar the Canadian Independent Adjusters Associations general meeting and conference in Winnipeg, MB. Sheldon Blank was the director of Gateway Industries, […]
The Loyalist Insurance Group Limited announced revenues for the company decreased Cdn$76,173 from Cdn$473,953 in 2006 Q2 to Cdn$397,790 in 2007 Q2. Total company expenses were down from Cdn$613,397 in 2006 Q2 to Cdn$586,644 in 2007 Q2.The company reported a net loss of Cdn$198,864 in 2007 Q2 as compared to a net loss of Cdn$98,444 […]
By Canadian Underwriter | August 30, 2007
Pilot Insurance Company is continuing its investment as a full partner of the Broker Identity Program for 2007, the Insurance Brokers Association of Canada (IBAC) announced. Pilot is proud to continue as a Full Partner of the Broker Identity Program, Maurice Tulloch, president, Pilot Insurance Company, said in a release. We fully support and encourage […]
By Canadian Underwriter | August 29, 2007
2 min read
Commercial property-casualty insurance rates continued their free-fall during 2007 Q2 in a marketplace environment described as totally unpredictable in terms of pricing and underwriting, according to a commercial market index survey by U.S.s Council of Insurance Agents & Brokers (CIAB). Brokers handling earthquake coverage in California or wind coverage in the Gulf and East Coasts […]
By Canadian Underwriter | August 28, 2007
Kingsway Financial Services Inc. has announced the appointments of Serge Lavoie to president and chief executive officer of Jevco Insurance Company and Colin Simpson to the position of president and chief executive officer of York Fire & Casualty Insurance Company.I am pleased to announce the appointments of Serge and Colin to their new positions within […]
Desjardins Financial Security reported an income of Cdn$1.386 billion for the first half of 2007.Gross insurance premiums accounted for $1.178 billion, marking an increase of 12%, or $126.2 million, a Desjardins statement says.The company recorded growth of 7.2% in Quebec and 25.1% in the other provinces, with new insurance sales figures reaching $210 million, an […]
By Canadian Underwriter | August 27, 2007
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