Industry
CARSTAR Automotive Canada’s recent Annual Charity Casino Gala in support of the Canadian Cystic Fibrosis Foundation (CCFF) saw more than 1,000 insurance and vendor partners, employees and friends attend the event. CARSTAR CEO and president Sam Mercanti presented a cheque for Cdn$117,500 to the CCFF, the result of fundraising efforts throughout the year. The event […]
December 31, 2008
1 min read
SCM Insurance Services welcomed clients, branch office staff and industry associates into its corporate office in Toronto on Nov. 27 to celebrate the holiday season with a cocktail and hors d’oeuvres reception.
Supreme Collision Centre has opened a fourth location, this one in Bolton, Ontario, and the PPG CertifiedFirst Network member is taking extra steps to create a ‘green,’ environmentally- friendly shop and reduce cycle times. Ron Doering, general manager and co-owner of the newest location, said his intention was to do all the right things from […]
Law firm Hughes Amys held a pre-holiday season party at Six Steps Restaurant and Lounge in Toronto on Nov. 19. Staff and insurance industry clients and friends braved an evening snowfall to spend quality time together as a warm-up to the coming festive season.
The staff of Canadian Underwriter would like to wish everyone a happy, healthy and safe holiday season, and best wishes in the New Year! This is the last installment of Canadian Underwriter’s Daily News for 2008. We will resume with our regular online coverage on Jan. 5, 2009.
By Canadian Underwriter | December 23, 2008
Moody’s has seen good and bad omens as it monitors the restructuring and divestiture efforts of American International Group, Inc. (NYSE: AIG)”AIG has made important strides in the restructuring plan announced on Nov. 10, 2008,” the ratings agency announced in a special commentary on AIG’s financial position since the U.S. Treasury and the Federal Reserve […]
2 min read
As economic times get tough, and people look for ways to avoid paying money, many insurers are on the lookout for fraudulent claims.The latest example in B.C. was based on the fact that insurance premiums are not affected in comprehensive claims related to crashes involving wildlife.But a Bella Coola, B.C. woman found out the hard […]
A.M. Best Co. has upgraded the financial strength rating of Temple Insurance Company to A+ (Superior) from A (Excellent), and revised its outlook on the company to positive.”In A.M. Best’s opinion, the ratings and outlook reflect Temple’s excellent capitalization, consistently solid operating performance and benefits from its strategic affiliation with Munich Reinsurance Company of Canada […]
Pychoses caused by right-hemisphere brain damage arising from a car collision are not “too remote to allow for recovery,” the Ontario Superior Court of Justice has found, distinguishing the case from the facts found in the Supreme Court of Canada’s decision in Mustapha.In Chinsang v. Bridson, the Ontario court denied a motion by the defendant, […]
Munich Re has agreed to acquire specialty insurer HSB Group from American International Group (AIG) for US$742 million in cash.The HSB Group, headquartered in Hartford, Connecticut, has been a wholly owned subsidiary of AIG since 2000. The core of the HSB Group is Hartford Steam Boiler Inspection and Insurance Company, an insurance and inspection company […]
By Canadian Underwriter | December 22, 2008
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