Industry
State Farm has appointed Barbara Bellissimo as chief agent and senior vice president for State Farm in Canada.Bellissimo joined State Farm in 1986 “and has successfully managed positions of increased responsibility in Canada for underwriting, training and field sales consulting,” a State Farm release says.In her new role, she will be responsible for providing strategic […]
By Canadian Underwriter | May 28, 2009
1 min read
Andrea Digdon has been appointed branch manager for Cunningham Lindsey’s Halifax, Nova Scotia location. Digdon joined the company in 1998 and has worked in a number of roles, including being mentored in the commercial risk division. She was appointed the Halifax office transportation fleet services manager and subsequently worked extensively on public entities claims and […]
In the coming hard market, focus should be put on increasing profit margins, not on increasing a firm’s size, said Neil Morrison, president and CEO, HKMB HUB and HUB International – Ontario.Morrison delivered his speech, ‘The Upside of the Downturn,’ as part of the Insurance Institute’s At the Forefront breakfast series in Toronto on May […]
By Canadian Underwriter | May 27, 2009
2 min read
A Quebec firm and an individual have each been fined a combined total of Cdn$5,250 by the Autorité des marches financiers (AMF) for using the title of claims adjuster without being registered as such with the AMF.Groupe drainage Québec inc. was fined Cdn$4,500 after pleading guilty to each of three counts brought against it. The […]
Desjardins Group, a cooperative financial group in Canada, announced surplus earnings of Cdn$117 million (before member dividends) in 2009 Q1, up Cn$50 million compared to 2008 Q1.Desjardins General Insurance Group (DGIG) contributed Cdn$6.8 million to the Group’s results for the first quarter of 2009. This compares with DGIG’s negative contribution of Cdn$2.2 million for the […]
Some Ontario insurers are trying to elude the province’s ban on using credit scores in auto insurance by applying credit ratings to property insurance, since credit scoring is allowed on personal property (home) insurance, according to the Insurance Brokers Association of Ontario (IBAO).The IBAO raised its concerns at a May 26 press conference at the […]
RSA launched a new tool to help consumers mitigate water damage. Beginning May 19, all RSA customers were sent a brochure with advice from the insurer’s property experts on how to protect their homes and properties from water damage.Tips included where to place downspouts on the outside of homes, installing window wells on basement windows […]
By Canadian Underwriter | May 26, 2009
The use and availability of malware continues to evolve rapidly, causing a dramatic increase in cyber risks, reported Lloyd’s.Malware is software designed to infiltrate or damage a computer system without the owner’s informed consent, according to Wikipedia.In 1988, fewer than 2,000 unique malware samples had been logged. By 1998, the figure had risen to 178,000; […]
Rosanna Beattie, a student at Frontenac Secondary School in Kingston, is the 2009 recipient of the Anna Pyle Memorial Scholarship, Insurance Brokers Association of Ontario (IBAO) has announced. The award was presented at the IBAO-sponsored Ontario Students Against Impaired Driving (OSAID) Annual Conference at Sheridan College in Oakville. Anna Pyle was killed by a drunk […]
Dan Lawrie Insurance Brokers Ltd., in Hamilton, Ont., has achieved the Gold Standard Broker status by Risk Management Standards.Gold Standard Brokers meet rigorous international guidelines for best practices in all aspects of broker management, a Dan Lawrie release says.The process to become a Gold Standard Broker requires a scored third party operations audit of the […]
By Canadian Underwriter | May 25, 2009
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.
