Industry
Randy Carroll has been appointed CEO of the Insurance Brokers Association of Ontario (IBAO). With more than 20 years of experience in insurance brokerage operations, Carroll has held the position of chief operating officer of the IBAO since April 2005. Over the past two years, Randy has earned the respect of many industry leaders, and […]
By Canadian Underwriter | April 11, 2007
1 min read
Allegient Systems, a software and service provider, has launched its Independent Adjusters ASP Bill Review (IA ASP) program, promoted as the industrys only Web-based end-to-end bill review solution designed specifically for independent adjusters.Available for immediate use, IA ASP expands the capabilities of Allegients IA Bill Review solution (available since 2001) by enabling independent adjusters to […]
2 min read
The Alberta Civil Trial Lawyers Association (ACTLA) has officially started its Charter challenge of the Alberta governments automobile insurance minor injury policy in the Court of Queens Bench (Calgary) before Mr. Justice Neil Wittmann.ACTLA President Arthur Wilson, Q.C. says in a press release that the association wants the court to determine whether the minor injury […]
By Canadian Underwriter | April 10, 2007
The Loyalist Insurance Group Limited (TSX: LOY) announced that it has filed revised financial statements for the year of 2005, as well as interim periods throughout 2006. The annual and interim management discussion and analysis (MD&A) have been revised to: include certain disclosure items previously omitted; provide more detailed discussions of the companys results of […]
By Canadian Underwriter | April 9, 2007
There are growing concerns about the governance and management of data the insurance industry is required to maintain, particularly in light of enhanced financial reporting requirements.The concerns were expressed by senior insurance executives attending the Actuarial Transformation Roundtable, organized by the insurance and actuarial advisory services (IAAS) practice of Ernst & Young LLP.A survey of […]
Flanders Insurance Management and Administrative Services Ltd. has pleaded guilty to 210 counts filed against it by the Autorit des marches financiers (AMF) and has been ordered to pay more than $200,000 in fines.The Winnipeg-based business pleaded guilty to the charge of: selling an insurance product without being registered with the AMF as a damage […]
By Canadian Underwriter | April 5, 2007
The Ontario Insurance Adjusters Association (OIAA) is presenting a seminar in Toronto about the new Health Claims for Auto Insurance (HCAI) system.The Apr. 11 seminar will include an overview of the HCAI system and its capabilities, the changes that can be expected at the adjuster level and what managers can do to prepare.The seminar will […]
By Canadian Underwriter | April 4, 2007
The Financial Services Commission of Ontario (FSCO) says it intends to “draft recommendations for the licensing of wholesale brokers and re-insurance intermediaries to enhance consumer protection as one of its priorities for 2007.The Ontario insurance regulators list of 2007 priorities is posted on FSCOs Web site. Among them, the regulator has included a proposal to […]
By Canadian Underwriter | April 3, 2007
Willis Group Holdings Limited (NYSE: WSH) announced that it is increasing its effort to grow its business among small companies around the world. As a component of Shaping Our Future, a series of strategic initiatives, Willis is targeting this segment by partnering with carriers to develop insurance solutions which are highly tailored to small enterprises.The […]
Its official: The 2005-07 Bank Act review has finally been laid to rest.The Insurance Brokers Association of Canada (IBAC) on Apr. 2 applauded the Parliament of Canada for passing bill C-37 in late March.As passed, the bill does not give banks the power to retail or provide information about insurance products and services through their […]
By Canadian Underwriter | April 2, 2007
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