Industry
MONTREAL – A fire that swept through a seniors’ residence in Quebec is raising questions about whether more stringent regulations are needed right across the country. Residence du Havre, which was mostly gutted in a fierce fire in L’Iles-Verte on Thursday, was only partially fitted with a sprinkler system. The tragedy could serve as a […]
By Canadian Underwriter | January 24, 2014
4 min read
Almost 30,000 collision claims opened with Manitoba Public Insurance over about the last six weeks indicate that thousands of crashes in the province were the direct result of motorists driving too quickly on ice/snow-covered roads. Of the claims opened up, thousands were the result of vehicles losing control on ice, or that were unable to […]
By Canadian Underwriter | January 23, 2014
2 min read
Allstate Canada has announced the winners of its JustDrive contest, where students from across the country submitted videos, audio or images offering advice to curb distracted driving. About 240 entries came from 64 schools across Canada, a nearly 70% increase over the previous year that the company ran the contest. Nearly 58,000 public votes were […]
Jardine Lloyd Thompson Canada Inc. (JLT Canada) has appointed David Richards as its chief executive officer, the firm announced Wednesday. Richards succeeds Steve Thomas, who having completed the restructuring of JLT Canada over the last two years, has decided to step down and return to Australia. JLT Canada is part of the Jardine Lloyd Thompson […]
By Canadian Underwriter | January 22, 2014
1 min read
Lou Iglesias is taking on duties as president of Allied World North America, succeeding Gordon Knight, who is retiring at the end of January. Iglesias will oversee profitability, production and distribution for all lines of business, including the Property & Casualty and Professional Lines books across Allied World’s 11 offices in the United States and […]
Paul Taylor, appointed chair of the Insurance Corporation of British Columbia’s (ICBC) board of directors in July 2012, has stepped down, notes a short press release issued Tuesday by ICBC. Taylor’s leadership has helped guide the corporation through challenging times, including the downsizing and restructuring of the company in late 2012, ICBC reports in the […]
TORONTO – Target is warning its Canadian customers that a massive security breach at the retailer over the holiday season may have led to their personal information being stolen. An email sent to some customers by the retailer on Monday said it believes cross-border shoppers who went to U.S. Target stores between Nov. 27 and […]
By Canadian Underwriter | January 21, 2014
3 min read
In order to “boost” its capitalization, Desjardins Group of Levis, Que. announced Monday it is issuing $500 million worth of capital shares. “Desjardins ranks among the most stable financial institutions in the world and this is in large part thanks to its capitalization,” stated Monique F. Leroux, Desjardins Group’s chair of the board, president and […]
By Canadian Underwriter | January 20, 2014
The Insurance Brokers Association of Ontario (IBAO) is advising Ontarians to ensure protective measures are in place to guard against property damage as temperatures are poised to plummet once again. Some parts of Ontario are forecast to experience temperature lows of -30 °C overnight Monday and these volatile temperature changes bring with them many dangers […]
Annual insurer registration statistics released Monday by the Bermuda Monetary Authority show that 91 new insurers registered in the country last year, including 24 new captives, doubling the total captives recorded in 2012. The 91 new insurers registered represents a 72% increase over the 53 firms registered in 2012, notes a press release from the […]
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