Industry
The Insurance Brokers Association of Ontario and SCM Risk Management Services have partnered to develop and introduce an insurance-to-value (ITV) software solution for Ontario insurance brokers and their clients.Independent Brokers Resources Inc. (IBRI), a wholly-owned subsidiary of IBAO has committed $150,000 toward the research and development of the ITV indexing tool. The development of a […]
By Canadian Underwriter | August 25, 2009
1 min read
Cunningham Lindsey has announced a series of executive level appointments. John Seyler has been appointed director of specialty services, Canadian operations of the company. Currently the director of transportation fleet services in London, Ont., Seyler will move to the company’s head office in Mississauga effective Sept. 1. Martin Moran has been appointed assistant vice president […]
Winmar Franchise Corp. has announced the opening of its newest location Winmar Lanark County, in London, Ont. The location, located at at 40 Bennett Street, Carleton Place, K7C 4J9, will service the Lanark County, Smith Falls, and Carleton Place area.Owner/operator, Dan McPhee, has “years of experience in the property restoration business and is committed to […]
By Canadian Underwriter | August 24, 2009
Philip Howell has been appointed the CEO and superintendent of financial services for the Financial Services Commission of Ontario (FSCO).FSCO regulates the province’s insurance industry.Howell most recently served as the deputy minister of economic development for the Ontario government. He also held posts with the province’s Ministry of Tourism and Ministry of Finance. Howell succeeds […]
By Canadian Underwriter | August 19, 2009
Scotiabank Group has launched ScotiaLife Financial, a new insurance brand that will be distributed via online and retail storefronts.ScotiaLife Financial’s suite of insurance products includes both home and auto products, as well as additional life, health, travel and credit products. Its first retail storefront is in Mississauga, Ontario.The home and auto insurance offerings provide comprehensive […]
By Canadian Underwriter | August 18, 2009
Average annual expenditures on vehicle maintenance and repair services have declined by approximately 7% from 2008, according to J.D. Power and Associates’ recently released 2009 Canadian Customer Commitment Index Study.Conducted between April and June 2009, the study is based on responses from 14,388 owners across Canada whose vehicles are between three and 12 years old.The […]
2 min read
A majority of foreign property and casualty insurers are on target to adapt to the amendments to Part XIII of the Insurance Companies Act by Jan. 10, 2010, but some areas still require further attention, said the Office of the Superintendent of Financial Institutions (OSFI).OSFI released a bulletin reminding foreign insurers to file their second […]
By Canadian Underwriter | August 17, 2009
***CORRECTION This item contains corrected information from an item that originally ran on Aug. 13, 2009. It has been amended to reflect the fact that these are the consolidated 2009 Q2 financial results of Crawford & Company’s operations, not just its Canadian operations. Canadian Underwriter apologizes for the error. Crawford & Company has reported a […]
By Canadian Underwriter | August 14, 2009
Transparency around the use of credit scoring has placed the role of the broker front and centre in the insurance transaction between insurers and policyholders, the self-regulating body of Ontario’s brokers observes in a quarterly newsletter.”It is often brokers that are caught in between insurers underwriting risks and the right of consumers for a transparent […]
The Risk and Insurance Management Society (RIMS) has formed a committee to increase its profile in the standards and practices arena and make it the primary resource in shaping and developing risk management standards.Carol A. Fox, past chair of RIMS ERM development committee, will chair the RIMS standards and practices committee.Wayne L. Salen, member of […]
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