Industry
The Desjardins Group’s property and casualty insurance segment reported its surplus earnings rose $17 million in 2011 Q3 despite a higher loss ratio in the third quarter of 2011 than during the same period in 2010.The segment’s total income in 2011 Q3 was $571 million, up $147 million or 34.7% from the same period of […]
By Canadian Underwriter | November 10, 2011
1 min read
Ontario’s property and casualty industry contributed a total of $7.5 billion to the province’s economy either directly or indirectly (through ‘spin-off’ contributions), according to a Conference Board of Canada study released on Nov. 9 by the Insurance Bureau of Canada (IBC).Ontario’s P&C sector made $4.1 billion in direct contributions to the province’s Gross Domestic Product […]
By Canadian Underwriter | November 9, 2011
2 min read
Insurance Bureau of Canada (IBC) has partnered with fire officials in New Brunswick to promote fire safety and preparedness in homes.The ‘Alarmed and Ready’ campaign will see the province’s firefighters going door-to-door providing free smoke alarms to households that don’t have one, and replacement batteries to households that already have alarms. The initiative is a […]
By Canadian Underwriter | November 8, 2011
The Insurance Council of British Columbia has suspended the license of insurance agent April Dawn Fraser for two years after finding that she had misused an ICBC insurance decal for her own personal benefit.Fraser had allowed her car insurance to lapse because she could not pay a debt to ICBC arising from a motor vehicle […]
Oklahoma experienced the strongest earthquake ever recorded in the state’s history on Nov. 5, AIR Worldwide reported. With a magnitude of 5.6 and a focal depth of just three miles below the surface, the earthquake was centred about 44 miles east of Oklahoma City, the state’s capital. The city had a population of 580,000 as […]
Lana Wood is resigning as president of Western Financial Group (Network) Inc., effective Nov. 30, for undisclosed reasons.President and CEO Scott Tannas will assume Wood’s responsibilities on an interim basis. The company will be conducting an executive search both externally and internally in order to staff the position on a permanent basis. In announcing Wood’s […]
Granite Claims Solutions has purchased Vancouver-based Advance Claims Service Ltd.This is the company’s fifth acquisition in the past twelve months. Advance Claims is an independent adjusting firm in British Columbia, with offices in Vancouver, Abbotsford, Chilliwack, Kelowna, Penticton, Vancouver Island and Squamish/Whistler. Known for providing innovative claims solutions to an impressive client roster, Advance Claims […]
By Canadian Underwriter | November 7, 2011
The severity of first and third-party repairable vehicle appraisals decreased to $3,036 in 2011 Q3 from 2010 Q3’s $3,408, according to Mitchell’s Canadian Collision Summary.The Canadian Collision Summary is included in Mitchell’s Industry Trends Report.”The average gross initial Appraisal Value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through Mitchell […]
SCM Risk Management Services (RMS) has launched iClarify Services in Atlantic Canada for more than 150 brokerages. This is part of a national rollout, with an anticipated completion by the end of Q4. Combining unique, proprietary data derived from the largest repositories of total loss claims and inspection data nation-wide, iClarify generates 14 critical construction […]
QBE has announced the appointment of Valerie Jobson to director of underwriting in the company’s Canadian branch. Having joined QBE in September, she reports to David Edgar, general manager of the Canadian branch.Jobson brings with her more than 31 years experience of working in underwriting and management positions within the insurance industry in Canada. She […]
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