Industry
Granite Global Solutions Inc. – the holding company of McLarens Canada, Sibley & Associates, King Reed & Associates and Rochon Engineering – has announced a series of board and executive appointments.The appointments include:• John Chippendale, vice chairman of HKMB Hub International, to Granite’s board;• Richard Evans, a past president of Liberty Insurance Company of Canada, […]
By Canadian Underwriter | October 27, 2010
1 min read
Claims
Esporta Wash Systems Inc. no longer has an exclusivity agreement with WINMAR Property Restoration Specialists and Disaster Kleenup Canada (DKC).WINMAR and DKC signed an agreement with Esporta Wash Systems in 2007, giving the two Canadian restoration contractors exclusive rights to use the Esporta technology for the restoration of soft contents. Esporta Wash Systems’ patented and […]
HCAI has successfully processed more than 750,000 OCF forms and the system is nearing the end of its enrollment phase. HCAI moves from a project to an operation as of January 2011. In anticipation of this transition, an insurer user group has been formed. The user group members met with the HCAI team in September […]
Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is requiring the actuaries of property and casualty insurance companies to account for changes in the insurers’ estimated claims liabilities.This change will affect the standard annual filing of the Appointed Actuaries Report (AAR), which companies are required to submit to federal and provincial […]
By Canadian Underwriter | October 26, 2010
2 min read
Just a few steps can mean the difference between a slip-and-fall case and auto insurance accident benefits payments, as illustrated in an arbitration decision issued by the Financial Services Commission of Ontario (FSCO).In Fee Nung Wong and St. Paul Fire & Marine Insurance Company, Fee Nung Wong sought accident benefits after she slipped and fell […]
The impact of Solvency II will be “profound” on the (re)insurance market, as most companies will likely find their regulatory capital constrained for the first time, Willis Re reported.Though Solvency II is being implemented in Europe, Willis Re suggests its impact will be felt globally, setting off a chain reaction of regulators implementing similar regimes, […]
The Autorité des marchés financiers (AMF) launched penal proceedings against Water Safety Services (WSS), International Water Safety Foundation (IWSF) and Alexandre Beaudoin Bonotto, president of WSS, for allegedly issuing insurance certificates without being licensed.An AMF investigation found that IWSF, a company incorporated in England, was issuing insurance certificates to U.S. clients through WSS, a company […]
The Insurance Brokers Association of Saskatchewan (IBAS) is anticipating a meeting with Tim McMillan, the minister responsible for Saskatchewan Government Insurance (SGI), about the government’s proposed plan to allow the province’s motorists to obtain licenses from agencies that do not have contracts with SGI.Saskatchewan’s policy change is not yet written, and the government opposition is […]
By Canadian Underwriter | October 25, 2010
There is an increasing risk exposure for larger commercial hospitality establishments that fail to prevent assaults, according to Lorne Folick, senior partner at Dolden Wallace Folick LLP.Folick, an insurance defence counsel in B.C., was discussing liquor liability, waivers and damage awards in an address to the AEGIS Coverholders Conference in Toronto on Oct. 19.”This is […]
ACE Canada observed the 25th anniversary of its parent company, ACE Group, by participating in a global day of service.More than 7,500 ACE employees in 46 countries participated in more than 200 volunteer projects on Oct. 22.In Canada, ACE employees volunteered with the following organizations:• East Scarborough Boys and Girls Club – assisted the agency […]
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