Claims
More than 150 exhibitors from across Canada showcased the latest and greatest in the industry at the Ontario Insurance Adjusters’ Association (OIAA) Professional Development & Claims Conference in Toronto on Feb. 3. The event featured a trade show and seminars covering a wide variety of timely claims topics. Celebrity chef David Adjey, best known for […]
March 31, 2010
1 min read
More than 300 guests — the biggest turnout to date — attended the 4th Annual Post CICMA/CIAA Joint Conference Cocktail. The event, hosted by Giffin Koerth Forensics and Blouin, Dunn LLP, was held at the Loose Moose Tap & Grill on Feb. 2. In addition to the opportunity to catch up with friends and colleagues, […]
Celebrating its 50th anniversary in 2010, the Toronto Insurance Women’s Association (TIWA) Wine and Cheese event was held on Feb. 4 at a new venue this year — the Atlantis Pavilions, Ontario Place. More than 1,200 guests attended the event themed “One City. Many Nations.” The event featured networking opportunities and numerous prize draws. •
Industry
It’s very important for financial services industry regulators to think about the differences between the banking and insurance industry models when proposing “broad brush” solutions to the world’s economic financial crisis, Swiss Re CEO Stefan Lippe cautioned at the 2010 Swiss Re Breakfast in Toronto.“It’s very important to talk about the differences between the banks […]
By Canadian Underwriter | March 30, 2010
2 min read
The impact of the Harmonized Sales Tax (HST) on Ontario and B.C. property and casualty insurers’ reserves in 2009 — estimated to be $268 million — is equivalent to that of a large catastrophic loss, according to the Insurance Bureau of Canada (IBC).Barbara Sulzenko-Laurie, IBC’s vice president of policy, noted the effects of the HST […]
More than 13% of the average cost to consumers of an insurance policy in Canada goes to fixed taxes and regulatory costs, said Barbara Sulzenko-Laurie, Insurance Bureau of Canada (IBC)’s vice president of policy.Sulzenko-Laurie spoke about the state of the Canadian P&C industry at the Swiss Re–IBC Breakfast on Mar. 30, 2010.She said IBC commissioned […]
Canadian property and casualty insurers writing Ontario auto lost an astounding $907 million in 2009, said Barbara Sulzenko-Laurie, vice president of policy at the Insurance Bureau of Canada (IBC).Sulzenko-Laurie presented a ‘State of the Industry’ speech at the Swiss Re–IBC Breakfast in Toronto on Mar. 30, 2010.The continued escalation of the “excesses and abuses” of […]
The Insurance Brokers Association of Nova Scotia (IBANS) says limitations placed on pain and suffering awards in the province have “resulted in a satisfied consumer, a competitive marketplace and rate stability that has been continuous since 2003.”The association thus responded to a government review of the cap, promised during the province’s 2009 election campaign. The […]
By Canadian Underwriter | March 29, 2010
Nine out of 10 students enrolled in the Manitoba Public Insurance High School Driver Education (HSDE) program said the course helped them to become more careful drivers, according to a Manitoba Public Insurance (MPI) survey. The telephone survey, conducted last November, polled driver education students and their parents about the program they had recently completed.The […]
The U.S. property and casualty insurance industry’s profit in 2009 nearly tripled that of 2008, according to A.M. Best Company’s 12-month 2009 property/casualty results.The U.S. industry registered a $35.4-billion profit in 2009, up substantially from its $3.8- billion profit in 2008.This final tally is $4.8 billion more than A.M. Best’s forecasted results in February. The […]
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