Claims
The Insurance Brokers Association of Ontario (IBAO) held its 90th Annual Convention and Exhibition in Niagara Falls on October 20 and 21. More than 75 exhibitors were on site to showcase their products and services and meet with others in the industry. •
November 30, 2010
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The ARC Group Canada held its Annual Seminar & Cocktail Reception on Oct. 28 at the St. Andrews Club & Conference Centre. Delegates heard from the insurance and legal perspectives with respect to professional liability. Immediately following the seminars, guests attended a reception. •
WICC Ontario Chapter held its annual Breakfast for Cancer on Nov. 3 at the Arcadian Court in Toronto. The sold-out event — with more than 450 insurance industry supporters in attendance — absorbed the personal and courageous story of Ovarian Cancer survivor and speaker Cynthia Badburn. Despite her obstetrician/gynecologist’s belief that her rash of symptoms […]
Paul Davis Systems Burlington location held a Holiday Open House on Nov. 4. Guests were able to take a tour of the location, where they learned about different cleaning and drying techniques, among other restoration practices. Mayor Cam Jackson was on-hand for the official ribbon-cutting ceremony. •
The Toronto Insurance Conference’s (TIC) 55th Annual Black Tie Dinner was held on Nov. 11 at the Four Seasons Hotel in Toronto. Lorne Rubenstein, award-winning golf writer, columnist for The Globe and Mail and author of eight books, most recently, This Round’s on Me: Lorne Rubenstein on Golf, was the guest speaker. •
The Ontario Pond of the Honourable Order of the Blue Goose hosted its annual Christmas Galabration on Dec. 17, 2010. More than 100 ganders and guests attended an elegant evening of fellowship, dining and dancing in the true spirit of the Christmas season. The event was held at the trendy Thompson Toronto hotel. •
Industry
Canada’s federally regulated property and casualty insurers have increased their net income by about $504.2 million up to the end of 2010 Q3, according to the Office of the Superintendent of Financial Institutions (OSFI).OSFI numbers show federally regulated insurers reported a $1.9-billion profit as of the end of 2010 Q3, up from the $1.4-billion profit […]
By Canadian Underwriter | November 29, 2010
Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), plans to implement its Draft Guideline B-3-Sound Reinsurance Practices and Procedures on July 1, 2011.The new date represents a six-month extension from the original Jan. 1, 2011 date for implementation.The final version of OSFI’s Guidance for Reinsurance Security Agreements will be posted on […]
A study for Chubb Insurance Company of Canada suggests Canadian companies are planning growth strategies in light of a tentative economic recovery, but they haven’t prepared to cover additional exposures related to growth with appropriate insurance policies.Canadian research firm Pollara conducted the 2010 Private Company Survey in early 2010. The survey included interviews with specialty […]
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The 2010 Atlantic hurricane season was one of the busiest on record, the National Oceanic and Atmospheric Administration (NOAA) reports.”As NOAA forecasters predicted, the Atlantic hurricane season was one of the most active on record, though fortunately most storms avoided the U.S.,” said Jack Hayes, director of NOAA’s National Weather Service. “For that reason, you […]
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