Industry
The staff of Canadian Underwriter would like to wish everyone a happy, healthy and safe holiday season. Best wishes in the New Year! This is the last installment of Canadian Underwriter‘s Daily News for 2009. We will resume with our regular online coverage on Jan. 4, 2010.
By Canadian Underwriter | December 24, 2009
1 min read
Claims
Corporate risk managers may wish to review their reputational risk in light of a new defence that protects publishers from defamation so long as their communications are found to be responsible and relate to matters of public interest.”Freewheeling debate on matters of public interest is to be encouraged and the vital role of the communications […]
By Canadian Underwriter | December 23, 2009
2 min read
Of the 60 booster seat models rated by the Insurance Institute for Highway Safety (IIHS), 11 failed to gain a recommendation.Booster seats are for children who have outgrown a child car seat but are too small for a regular seat belt.A good booster seat routes the lap belt flat across a child’s upper thighs and […]
The Ontario Securities Commission, autorité des marchés financiers (AMF), and the Investment Industry Regulatory Association of Canada have reached settlements in connection with the investigations into the Canadian asset-backed commercial paper (ABCP) market.In total, Cdn$138.8 million in administrative penalties and investigation costs will be paid.The settlements are broken down as follows:• National Bank Financial, Cdn$75 […]
Canada’s economy is starting to grow again, although the finance and insurance sector is still in a state of retreat, according to a recent report by StatsCan.Canada’s real gross domestic product grew 0.2% in October 2009, a second consecutive monthly advance. Production increased in most major sectors of the economy, except in the finance and […]
Three separate severe weather events occurring in Alberta and Ontario in 2009 caused insured damages totalling Cdn$637 million, according to figures released by the Insurance Bureau of Canada (IBC) IBC says the various storms highlight the need for urgent action in managing the impact of climate change.In Alberta, deadly windstorms tore through the province between […]
By Canadian Underwriter | December 22, 2009
Canadians may be changing their habits regarding driving after drinking, a new poll by the Traffic Injury Research Foundation (TIRF) has found. The public opinion poll of 1,200 Canadians found a decrease in the number of Canadians who drove when they thought they were over the legal limit in 2008 and 2009, compared to those […]
Aviva Canada Inc. has posted on YouTube its Top 25 finalists for the first-ever Aviva Community Fund online contest.Aviva is putting up Cdn$500,000 to help fund ideas that seek to lead, empower and support positive change in Canadian communities. After eight weeks, the 25 most popular entries across the country have been selected among more […]
Reinsurer underwriting results were better than expected due to the unusually low level of natural catastrophes in the third quarter, according to the Aon Benfield Aggregate (ABA) quarterly report. Net income for the 23 global reinsurers analyzed in the report amounted to US$12.7 billion as of Sept. 30, 2009, compared to US$4.3 billion for the […]
Those companies that place an emphasis on the ‘people’ aspect of a merger and acquisition are more likely to have a successful deal, research from risk management firm Towers Perrin suggests. Towers Perrin surveyed more than 400 senior HR and business executives globally, including 118 Canadian respondents. It compared the integration practices of companies that […]
By Canadian Underwriter | December 21, 2009
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