Industry
PPG Canada Inc. has appointed Rafael Hinojos as director of automotive refinish.Hinojos will be responsible for the continued growth of the Canadian PPG automotive refinish business unit.He has been with PPG since 1988, holding various positions throughout the 13 years. They include territory manager, national account manager, business development manager and most recently American manager […]
By Canadian Underwriter | July 7, 2011
1 min read
SGI’s unionized workers appear headed for some type of job action on July 7, after a meeting with SGI management on July 6 did not result in an agreement.About 1,500 workers at SGI have been without a contract for 18 months, according to CBC News. The Canadian Office and Professional Employees Union (COPE), Local 397, […]
By Canadian Underwriter | July 6, 2011
Rhodes & Williams Insurance Brokers has created a mobile app, My Pocket Insurance Broker, which provides information to help insured at the scene of an accident.The application is designed for Android and iPhones. In addition to information to help an insured get in touch with a Rhodes & Williams insurance broker, the app has a […]
High Road Warranty, an extended vehicle warranty sold exclusively through the broker channel, has launched its inaugural consumer advertising campaign in Atlantic Canada.”Certainly we wanted to introduce High Road Warranty as an extended car warranty company to Canadians,” said Shawn McLaughlin, High Road Warranty’s national marketing manager. “But given that we in Canada have generally […]
Insured damage caused by wildfires that ravaged much of the town of Slave Lake, Alberta in May has hit the $700-million mark, according to the Insurance Bureau of Canada, citing PCS-Canada data.The makes the Slave Lake wildfire the second-costliest insured disaster in Canadian history. The most expensive insured disaster in Canadian history remains the ice […]
By Canadian Underwriter | July 5, 2011
Ontario auto insurance reforms implemented last year have led to stability in the auto product, the Insurance Bureau of Canada says.”Recent claims that auto insurance rates may be rising dramatically are neither accurate nor supportable,” IBC says. “Ontario’s recent auto insurance reforms are addressing cost pressures and working to stabilize the province’s auto insurance system.”A […]
Ontario auto insurance rates quoted by Kanetix in 2011 Q2 increased 6.4% over 2010 Q2 quotes.According to the online insurance marketplace, rates have been stabilizing since the implementation of the 2010 auto insurance reforms. While the quotes generated by Kanetix still show increases, the year-over-year difference in rate increase is dropping, a Kanetix release says. […]
About 10% of European insurers would fail Solvency II minimum capital requirements under a hypothetical adverse stress scenario akin to the 2008-09 global market crash, according to the European Insurance and Occupational Pensions Authority (EIPOA).The supervisor of the financial sector in the European Union undertook a stress test of 221 insurance and reinsurance groups and […]
By Canadian Underwriter | July 4, 2011
2 min read
The Registered Insurance Brokers of Ontario (RIBO), the regulator of Ontario’s insurance brokers, has amended its election bylaws to make sure elected RIBO councilors represent large and small brokerage firms alike.Effective as of the 2011 election, RIBO members will elect at least one candidate from a firm employing fewer than 20 licensed brokers and one […]
Forensics Investigations Canada (FIC) has acquired Saskatchewan-based Stealth Investigations for an undisclosed amount. Stealth’s three offices and 15 workers will continue to operate under the FIC brand. Stealth principal Stephen Clark will head up FIC’s Saskatchewan’s operations. “By joining FIC’s cutting-edge technology and Stealth’s reputation as the ‘provider of choice’ in the province, the organization […]
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