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1 ISO has teamed up with MSA Research Inc. to launch Property Claims Services (PCS), an industry- wide loss calculator, in Canada. PCS-Canada service will enable insurers, reinsurers, brokers and other industry stakeholders to receive industry-wide data about Canadian catastrophes, including man-made and extreme weather events. The service is being launched with the support of […]
March 31, 2010
4 min read
Industry
The 111th Annual Convocation & Awards Night of the Insurance Institute of Ontario was held Jan. 28 at the Metro Toronto Convention Centre. Andr Fredette, president of the Insurance Institute of Ontario, served as the master of ceremonies. Chris Fawcus, chairman of The Insurance Institute of Canada, addressed more than 400 Chartered Insurance Professional (CIP) […]
1 min read
Auto
More than 100 collision repair and insurance professionals gathered on Feb. 24 for an Assured Automotive Group Grand Opening celebration. The event was the official launch of the new Assured Leaside facility. Located at 90 Wicksteed Ave in Toronto, the 5,000-square-foot repair facility showed off some leading-edge technology and genuine hospitality. See all photos from […]
Claims
More than 400 attended an all-industry St. Patrick’s Day Charity Social, held Mar. 11 at Grace O’Malley’s Irish Pub in Toronto. Mustang Investigations, Belfor Restoration, Assessment Rehabilitation Services, ProFormance Adjusting and Dutton Brock LLP sponsored the event. Money raised from a prize draw was donated to WICC. See all photos from this event at www.canadianunderwriter.ca/gallery
St. Patrick’s Day came early for Canada’s 10,000 cancer-fighting kids when St Baldrick’s partnered with the Childhood Cancer Foundation on Mar. 10 to hold their third annual head-shaving event at PJ O’Brien’s in Toronto. Including participants from both Toronto and New York, 26 people “shaved their way to a cure,” helping raise critical funds for […]
The Canadian Radio-television and Telecommunications Commission (CRTC) is re-considering whether or not the unsolicited sale of insurance products by agents or brokers to existing clients by telephone constitutes telemarketing.The commission has requested comments on the matter (the deadline to register for comments was March 19). It will publish its decision by the fall of 2010.Currently, […]
By Canadian Underwriter | March 31, 2010
The global reinsurance industry suffered $16 billion in natural catastrophe losses in 2010 Q1, likely making it “the worst-ever first quarter for natural perils losses,” according to a Willis report.The poor start to 2010 has put the comparatively benign year of cat losses in 2009 into perspective, Willis says in its report on renewals, Calm […]
2 min read
Kingsway Financial Services Inc. (TSX: KFS, NYSE: KFS) has reported a preliminary, unaudited operating loss of $39 million in 2009 Q4.The company also completed the sale of Jevco Insurance Company to the Westaim Corporation on Mar. 29. The sale was worth $264.2 million. The operating loss includes a $28-million loss in the U.S. operations due […]
The Chubb Corporation estimates pre-tax losses from 2010 first-quarter catastrophes will be approximately $290 million ($189 million after-tax). Losses include the March northeast U.S. storm, other U.S. winter storms, the Chilean earthquake, the Australian storms, European windstorm Xynthia and other catastrophe events. This includes estimated losses and loss expenses net of reinsurance recoverable. It also […]
Although 2009 has been “a year of stability” in the auto insurance market for consumers in New Brunswick, “lurking in the background” are such issues as credit scoring, the rise in home insurance premiums and the province’s minor injury cap, the province’s Consumer Advocate for Insurance says in its 2009 annual report.The Consumer Advocate observed […]
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