Industry
Russell Brownlee has been appointed head of Giffin Koerth’s Road Factors practice. Brownlee has worked in the field of road safety for 14 years, most recently as associate and senior transportation engineer with IBI Group. His areas of concentration include: pedestrian facilities and safety; assessment of roadway design, traffic control devices, signage and maintenance; roadside […]
By Canadian Underwriter | October 20, 2008
1 min read
Insurers in the United Kingdom are obligated to adopt multi-channel strategies as consumer preferences for interaction with insurers continues to shift, and tough economic times require lean operations, Celent reports.In its latest findings, ‘Top Trends in UK Distribution: A General Insurance View,’ Celent notes the company agent channel has halved since 2000, while banks and […]
The Dutch government has bolstered ING’s capital position with a EUR10-billion (Cdn$15.9-billion) injection into the parent company. ING will issue non-voting, core Tier-1 securities to the Dutch state for a total consideration of EUR10 billion, according to an ING release. The state will rank exactly the same as common shareholders. ING Bank’s core Tier-1 capital […]
Speculation that ING Canada will be sold grows as ING Groep, the parent company, works to shore up its balance sheet, according to the Globe and Mail’s Streetwise Blog. Two years ago, ING Groep began selling off insurance subsidiaries in various countries after declaring property and casualty insurance was not part of its core business, […]
By Canadian Underwriter | October 17, 2008
A Designated Assessment Centre (DAC) assessor may meet privately with counsel for either a claimant or an insurer prior to testifying at a hearing, and that meeting will not necessarily affect the neutrality of the DAC assessor’s evidence presented at the hearing, an Ontario arbitrator has ruled.In Miller and Optimum, Financial Services Commission of Ontario […]
2 min read
Despite the possibility of an economic recession in the future, the insurance industry still needs to find ways to recruit top talent, an insurance specialty recruiter notes. During a breakfast seminar held this month, DGA Careers management and other industry professionals discussed the increased number of opportunities in insurance leadership and jobs for qualified candidates. […]
U.S. bond insurers, which collectively underwrote at least US$1 billion of par in the first half of 2008, are refocusing their strategies towards the lower-risk public finance market in the wake of the U.S. financial crisis, according to Standard & Poor’s.In doing so, bond insurers have moved away from the higher-risk structured finance market, S&P’s […]
State Farm scored highest in customer satisfaction among private full-coverage automotive service providers that were ranked in an inaugural customer satisfaction survey conducted by J.D. Power and Associates.Runners-up for customer service in private auto insurance included belairdirect and Johnson Insurance.J.D. Power and Associates’ 2008 Canadian Home and Auto Insurance Customer Satisfaction Study measured auto and […]
By Canadian Underwriter | October 16, 2008
The Insurance Brokers Association of Canada (IBAC) has contacted the RCMP to investigate a conference marketed towards Canadian insurance professionals.An organization naming itself ‘The Canadian Insurance Brokers & Risk Managers’ has recently distributed an advertisement announcing a conference that is purported to be taking place at the Toronto Congress Centre from Nov. 9-11, 2009, an […]
ICBC has launched a pilot program to offer owners of Ford F-Series trucks, the most stolen vehicles in B.C., a free electronic immobilizer.The program will run in the Lower Mainland and Fraser Valley. Owners of the trucks (models from 2000 to 2006) will have until Dec. 6, 2008 to book their installation of an immobilizer […]
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