Industry
Kingsway Financial Services has stepped to the plate as the first insurer to offer financial support for the Metro Toronto Police helicopter project. A pilot project to test the use of a helicopter in cases ranging from tracking suspects to locating missing persons has been under way since the summer. Already the program has been […]
October 31, 2000
2 min read
Given the rise in litigation and claims severity under D&O (directors and officers) coverage, rates are woefully inadequate, a recent Toronto Insurance Conference seminar was told. Udo Nixdorf, senior vice president of Chubb Insurance Company of Canada, says trends in litigation which are holding individual directors increasingly liable for business practices are among the factors […]
Feeling slightly weary, the five of us walked across the convention center lobby and sank into chairs. My insurance company was the lead sponsor of a two-day business fair titled “The E-business Revolution” and I had invited four of my brokers as guests. We had listened to the speakers and already toured the product exhibits. […]
By Axiom | September 30, 2000
9 min read
Believe it or not, you choose your competition and playing field. You choose to compete in a specific field and with specific players. If you choose a field better known to others than yourself, you will be playing at a marked disadvantage. If you redefine the field, you naturally redefine your competition. If you allow […]
September 30, 2000
5 min read
CARSTAR's annual conference brought insurers and collision shop owners onto common ground to repair the once adversarial relationship that plagued both sides. In the name of improved customer service and hence higher profits, all agreed the time has come to forge new partnerships.
By Vikki Spencer | September 30, 2000
Rumors are awash in the political corridors of Ottawa that the ruling Liberal federal government is set to call an early general election, presumably riding on the recent successes achieved through the provincial health accord funding agreements. Should this be so, the consequences could prove a fatal eleventh-hour development in the workings of insurers and […]
By Sean van Zyl, Editor | September 30, 2000
3 min read
The Women In Insurance Cancer Crusade (WICC) held it’s 1st Annual Golf Tournament on August 25th at the prestigious Angus Glen Golf Club, north of Toronto. Over 200 executives from the insurance industry participated in the premier event, which included lunch, golf, dinner and both a silent and exciting live auction. Volunteers, sponsors and attendees […]
1 min read
Co-operators subsidiary Canadian Union has bought Newfoundland insurer Colonial Fire and General to strengthen the group’s Atlantic broker presence. Key to the deal is a firm relationship with Wedgwood Insurance Ltd., the brokerage which created Colonial, says Katherine Bardswick, chief operating officer for Canadian Union and sister company Sovereign General. Wedgewood’s portfolio is direct, and […]
Queensway Financial Holdings (TSE: QFH) is making further strides in its effort to improve operating results, as the company”s second quarter financial reports show. Net income for the quarter ending June this year amounted to $1.7 million, up dramatically from the $21.8 million loss reported for the same period last year. Net income for the […]
Claims and operating costs continue to hamper Canada’s largest private insurer, Co-operators General Insurance Company. Despite a restructuring program following last year’s dismal financial performance, Co-operators saw net income drop and claims and operating ratios rise in the second quarter of 2000 compared with the same period last year. Net income for the first six […]
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