Industry
Facility Association (FA) volumes have not gone up as expected, raising a few eyebrows among FA executive members.FA numbers increased significantly in 2003-04, when auto insurers in Canada faced rising claims costs in a hardening market. Similar auto insurance market conditions are present now in 2009-10.And yet, thus far, insurers have not responded to these […]
By Canadian Underwriter | April 8, 2010
1 min read
Last year the United States saw the lowest value of insurance transactions since 2002, according to research by Conning Research & Consulting.The study, Global Insurance Mergers & Acquisitions in 2009, tracks and analyzes both U.S. and non-U.S. insurance industry merger and acquisition activity across property-casualty, life, health and distribution and services sectors.“In the U.S., the […]
The New Brunswick Insurance Board has allowed the inclusion of a cost of capital provision in Facility Association (FA) rates, the second province in Canada to do so, following the lead of Prince Edward Island.Buoyed by the decision of the New Brunswick Insurance Board, FA is now continuing to pursue the inclusion of a cost […]
2 min read
Claims
Nova Scotia’s Court of Appeal has ruled that the motor vehicle registrar was wrong to revoke the licence of a drunk driver 20 years after his license had been suspended, and then he obtained a new license under a changed name. Roughly 20 years ago, Charles Burnell, as a result of alcohol-related convictions, lost his […]
By Canadian Underwriter | April 7, 2010
Note to claimants: If you are interested in pursuing arbitration after an insurer has denied medical and housekeeping benefits, it’s best to show up to scheduled pre-hearing conferences.In Sivakumar Thangaraja and Dominion of Canada General Insurance Company, the Financial Services Commission of Ontario (FSCO) dismissed an arbitration as “frivolous, vexatious and commenced in bad faith” […]
Claudine Davoodi has been appointed as Crawford & Company (Canada) Inc.’s vice president of operations for the region of Quebec.Davoodi will continue to work closely with Quebec branch managers and will have operational responsibility for all of Crawford’s claims operations throughout the province. She will continue to report to Pat Van Bakel, senior vice president […]
The Ontario Mutual Insurance Association (OMIA) has announced the appointment of Ken Jones as chairman of its board.Jones has served on the OMIA board since 2003, and has headed several of its working committees. He is also manager of McKillop Mutual located in Seaforth, Ontario.Located in Cambridge, Ontario, OMIA provides member companies with services including […]
Average rate decreases for the composite U.S. commercial property and casualty markets slowed to 4% in March 2010 from 5% in February 2010, reports MarketScout.Directors and officers’ liability and surety rates were flat.Rates moderated for energy, manufacturing and public entities, and all other industry classes (except for workers’ compensation) maintained the same rate position as […]
Mike Morris has been appointed vice president of central operations at Cunningham Lindsey Canada (CLC).Morris joined CLC in 1988 as a trainee and moved through the ranks before being appointed assistant vice president in 2008. He is based at CLC’s head office in Mississauga, Ont.Also, Andrea Digdon has been appointed assistant vice president of the […]
The Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ) is still working with its provincial government for clarification around the selling of insurance products without representation, says Louise Mathieu, RCCAQ president.The association made important gains on the issue with the adoption of Bill 74, an Act amending various legislative provisions principally to tighten the […]
By Canadian Underwriter | April 6, 2010
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