Risk
The insurance and risk management community sent skiers to Mont Tremblant, Quebec on Feb. 1 and 2 for a major fundraiser, the Ronald McDonald House Charities Ski Challenge. The event, which is popular for its social as well as its sporting component, brings together a few hundred participants from businesses of all kinds to take […]
February 28, 2010
1 min read
Industry
More than 300 professionals representing the insurance claims and collision repair industries attended the Canadian Collision Industry Forum (CCIF) meeting on Jan. 23, 2010 in Toronto. Speakers included Tony Canad (Assured Automotive), CCIF chairman; Mike Bryan, CCIF administrator; Marc Brazeau, Automotive Industries Association (AIA); John Edelen, I-CAR; Dale Finch, National Automotive Trades Association (NATA); Mark […]
More than 150 exhibitors from across Canada showcased the latest and greatest in the industry at the Ontario Insurance Adjusters’ Association (OIAA)’s Professional Development & Claims Conference in Toronto on Feb. 3, 2010. The event featured a trade show and seminars covering a wide variety of timely claims topics. Celebrity chef David Adjey, best known […]
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. See […]
In Memoriam
2 min read
Specific features of the insurance business model make it a source of stability in the financial system, according to The Geneva Association, an international research organization supported by the insurance industry.For example, insurance is funded by up-front premiums, giving insurers strong operating cash flow without requiring wholesale funding, according to a special report of the […]
By Canadian Underwriter | February 26, 2010
The economy is a relevant factor in rising claims loss costs, according to property and casualty claims officers surveyed by Tower Watson.The poor economy seems to have stimulated third-party losses, and a number of survey respondents reported increases in general liability and personal auto litigation, says the fourth installment of Tower Watson’s The Economic Landscape […]
The Financial Services Commission of Ontario (FSCO) has denied the appeal of an insurer that was ordered to pay auto insurance benefits to a man (now deceased) who suffered a stroke at about the same time he was involved in an accident at a Tim Horton’s drive-through.In Dominion of Canada General Insurance Company and D.M., […]
Claims
Canadian Imperial Bank of Commerce (CIBC) does not plan to establish standalone, insurance facilities of the type that Royal Bank of Canada is opening.In an interview with Bloomberg Business Week, CIBC CEO Gerald McCaughey is cited as saying CIBC won’t pursue building insurance branches or selling insurance on the Internet as part of its future […]
New Brunswick is amending its Insurance Act to prohibit the use of credit scoring for underwriting and rating practices in all classes of insurance.“Regulations will prohibit using credit scoring for underwriting and rating of property and casualty insurance, including automobile insurance,” the government announced in a press release. “New Brunswick will become the first province […]
By Canadian Underwriter | February 25, 2010
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
