Industry
Motorcycles with anti-lock brakes are 37% less likely to be in fatal crashes per 10,000 registered vehicle years, according to the Insurance Institute for Highway Safety (IIHS).Bike models with anti-locks also have 22% fewer claims for damage per insured vehicle year than the same models without antilock brakes, reports the Highway Loss Data Institute (HLDI). […]
By Canadian Underwriter | April 5, 2010
1 min read
Britain, Germany and France, and possibly the United States, are moving towards implementing an international levy on banks to fund potential ‘bail-outs’ of the financial system in the event of another crisis in the future. But Canada is not likely to join the list, reports The Vancouver Sun.Germany and France introduced on Mar. 31 a […]
2 min read
The lingering effects of the recession continue to whittle away at U.S. commercial lines revenue, according to an Advisen Report. FM Global sponsored the report, entitled The Insurance Market in 2010: The Lingering Impact of the Recession on Capacity and Pricing.”The commercial lines insurance market has been pummelled by the combined impact of depressed rates […]
By Canadian Underwriter | April 1, 2010
The Office of the Superintendent of Financial Institutions (OSFI) will recommend that the 25% limit on unregistered reinsurance be repealed as part of a set of reforms of its reinsurance supervisory and regulatory framework. “Although the 25% limit has appeal from a prudential perspective, it does not provide the incentive for ceding companies to scrutinize […]
The Department of Finance Canada has clarified its intent to define certain financial services that are subject to GST, suggesting insurance broker commissions will continue to remain GST-exempt.A Canada Revenue Agency GST/HST Notice 250 in February 2010 caused some confusion when it suggested the government intended to apply GST to “facilitatory services,” defined in the […]
The Insurance Brokers Association of Ontario (IBAO) has entered the electronic social circuit, and sees a real opportunity for brokers to find business through electronic referrals and discussion.
By Samantha Sampson | March 31, 2010
7 min read
Insurance Institute of Ontario Seminar; A person's speech pattern and/or behavioural mannerisms often indicate when he or she is attempting to present an alternate -- read: false -- reality to their insurers.
By Donna Ford | March 31, 2010
6 min read
The 111th Annual Convocation & Awards Night of the Insurance Institute of Ontario was held Jan. 28 at the Metro Toronto Convention Centre. Andr Fredette, president of the Insurance Institute of Ontario, served as the master of ceremonies. Chris Fawcus, chairman of The Insurance Institute of Canada, addressed more than 400 Chartered Insurance Professional (CIP) […]
March 31, 2010
St. Patrick’s Day came early for Canada’s 10,000 cancer-fighting kids when St Baldrick’s partnered with the Childhood Cancer Foundation on Mar. 10 to hold their third annual head-shaving event at PJ O’Brien’s in Toronto. Including participants from both Toronto and New York, 26 people “shaved their way to a cure,” helping raise critical funds for […]
Kingsway Financial Services Inc. (TSX: KFS, NYSE: KFS) has reported a preliminary, unaudited operating loss of $39 million in 2009 Q4.The company also completed the sale of Jevco Insurance Company to the Westaim Corporation on Mar. 29. The sale was worth $264.2 million. The operating loss includes a $28-million loss in the U.S. operations due […]
By Canadian Underwriter | March 31, 2010
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
