Industry
Scott B. Clark will serve as the president of the Risk and Insurance Management Society (RIMS) in 2011. Clark served as RIMS secretary in 2010 and has been a member of the RIMS board since 2000. He is a founder of RIMS Greater Miami Chapter, where he served as president in 1992 and again in […]
By Canadian Underwriter | December 21, 2010
1 min read
Private U.S. property/casualty insurers’ net income after taxes rose to $26.7 billion through the first nine months of 2010, up from $16.4 billion through the same period of 2009, according to Insurance Services Office (ISO).The figures are consolidated estimates for private P&C insurers based on reports accounting for at least 96% of all business written […]
2 min read
Hub International Limited (Hub) has acquired the assets of Leeds Insurance Brokers Inc. (Leeds), a Toronto, Ontario-based insurance brokerage firm. Terms of the acquisition were not disclosed. The Leeds operations will become part of HKMB Hub International Limited (HKMB Hub). Leeds is a full-service insurance brokerage with niche expertise in several industries, including hospitality and […]
By Canadian Underwriter | December 20, 2010
First Dimension Engineering, which has been operating as a Division of Rochon Engineering for the past five years, is now officially changing its name to Rochon Engineering.”It’s not a new company, we’re just adopting our corporate name,” Rochon Engineering announced in a statement.First Dimension, now Rochon, will retain the same people and work at the […]
Flooding in China during the summer of 2010 – the worst since 1998 – resulted in an estimated $52-billion economic loss, but insured losses are only approximately 1% or 2% of that total, Guy Carpenter reports.Twenty-five rivers in China flooded during the summer months, triggered by an unusually severe monsoon season, Guy Carpenter reported in […]
Insurers need to improve communication with collision repair shops, according to Bodyshop Magazine’s annual audit of the insurance industry.Bodyshop surveyed 135 owners, presidents or managers of repair shops in Canada about their opinions of the 28 insurers – private and public – with the largest shares of auto business. Shop owners graded the insurers on […]
By Canadian Underwriter | December 17, 2010
Manitobans with a solid driving record will be eligible to receive a discount of up to 33% off of their Basic Autopac policies, effective Mar. 1, 2011.A Manitoba Public Utilities Board ruling requires MPI to make changes to its Driver Safety Rating (DSR) to benefit drivers with a good record. The DSR is a 32-level […]
ICBC and its employees raised more than $1 million for the United Way and other registered charities, making the 2010 campaign the insurer’s most generous ever.This year, employees donated more than $800,000. In addition, ICBC gifted $200,000 through the corporation’s new matching funds program for United Way to support initiatives for school-aged children and seniors.The […]
Perth County has sent a letter to its federal MP calling on the federal government to reverse a plan to cut $35.8 million in funding to Public Safety Canada over three years for emergency preparedness initiatives.”Recent events clearly indicate how important emergency management is,” the Dec. 16, 2010 letter to MP Gary Schellenberger. “With Hurricane […]
The Aviva Community Fund is down to its final 30 finalists.Created by Aviva Canada, the fund provides $1 million in donations to lead, empower and support community initiatives across the country.The 30 finalist ideas are now in the hands of a panel of judges, including ETALK host Tanya Kim, Salut, Bonjour! host Anouk Meunier, Volunteer […]
By Canadian Underwriter | December 16, 2010
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