Industry
CARSTAR Automotive Canada has opened a new location in Nova Scotia. CARSTAR announced it has welcomed MacKay’s CARSTAR Collision to its network of collision repair centres. The new location joined a network of more than 110 CARSTAR locations in 10 provinces across the country. Franchise owner Tim MacKay has been operating a successful collision repair […]
September 30, 2006
2 min read
Increasingly, over the past eight to 10 years, thieves have been breaking into cars for their airbags, according to Robert Tremblay, manager of industry issues at the Insurance Bureau of Canada (IBC). Depending on the type and make of a car, auto safety airbags can cost upwards of CD$2,500 per unit, which may be motivating […]
1 min read
Information and Privacy Commissioner Frank Work has upheld the decision of Alberta’s finance ministry to refuse access to the draft KPMG actuarial report that helped set the rate for basic automobile insurance in 2003. A press release from the Office of the Information and Privacy Commissioner of Alberta indicates “the applicant had requested access to […]
The annual McLarens Canada Volleyball Tournament was held on Aug. 16 at the Balmy Beach Club in the east end of Toronto. Once again, there was a spectacular turnout of vivacious volleyers, observers and fans. Congratulations go out to Zurich Canada, which, with the help of McLarens Canada adjusters Scott Mastromatteo and Tara Drabik, cleared […]
4 min read
Representatives of the insurance industry are tied in debate over U.S. collateral requirements for alien reinsurers, according to a recent A.M. Best roundtable discussion.The focus of the roundtable debate is the new initiative, which was implemented by the National Association of Insurance Commissioners’ reinsurance task force, to draft a proposal to change the regulations regarding […]
By Canadian Underwriter | September 29, 2006
CGI Group Inc. (CGI) (TSX: GIB.A) has signed three contracts in Western Canada totaling more than CD$20 million. The contracts, covering both municipal and provincial jurisdictions have been signed with the following entities: City of Calgary, an enterprise service desk for a three year contract with an option for two additional two year agreement; British […]
By Canadian Underwriter | September 28, 2006
The House of Representatives recently voted 417 to zero in favor of a bill intended to create a system for the regulation and taxing of surplus lines insurers and reinsurers. The Nonadmitted and Reinsurance Reform Act will make nonadmitted insurance subject to regulation only in the policyholders’ home states. It will also give a reinsurer’s […]
Insurance brokers worldwide face challenges as a result of New York Attorney General Eliot Spitzer’s investigation into bid-rigging in the insurance broker industry, according to a recent report published by Standard & Poor’s Rating Services.S&P’s report, entitled “Challenges Still Loom For Global Insurance Brokers In Post-Scandal Era,” references specific major brokers in the market.”For the […]
By Canadian Underwriter | September 27, 2006
A national partnership agreement between Enterprise Rent-A-Car and the Association of Canadian Travel Agencies (ACTA) will result in the promotion of Enterprise Rent-A-Car services to association members nationwide. Under the agreement, running from September 2006 to December 2007, Enterprise will support the association in its membership advocacy and promotional activities in Canada. In turn, ACTA, […]
By Canadian Underwriter | September 26, 2006
The quality of financial reporting in Quebec has improved over the past few years, according to the province’s regulator of financial institutions, the Autorit des marches financiers (AMF), but there is still work to do particularly when it comes to filing Management’s Discussion and Analysis (MD&A) reports and financial statements.”This year, once again, we issued […]
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.
