Claims
Winmar Franchise Corp. has announced the opening of its newest location Winmar Lanark County, in London, Ont. The location, located at at 40 Bennett Street, Carleton Place, K7C 4J9, will service the Lanark County, Smith Falls, and Carleton Place area. Owner/operator, Dan McPhee, has “years of experience in the property restoration business and is committed […]
September 30, 2009
1 min read
Cunningham Lindsey has announced a series of executive level appointments. John Seyler has been appointed director of specialty services, Canadian operations of the company. Martin Moran has been appointed assistant vice president of Cunningham Lindsey, desktop solutions — a newly created position. Lisa McCabe has been appointed assistant vice president, Western operations, at Cunningham Lindsey. […]
Belfor Restoration held its 5th Annual invitational at Sleepy Hollow Golf & Country Club in Stoufville, Ont. on Aug. 13. More than 80 golfers attended and enjoyed lovely weather and great food. Funds raised during the event went to fight breast cancer.
Riverfront Medical Services marked its 20th Anniversary on Jul. 9 with an evening celebration at Marben Restaurant in Toronto. Dr. Sheldon Levy, president and medical director, along with Anna Tsaggarelis, executive director of business development and operations, welcomed more than 170 guests from the insurance industry to join in the celebrations.
Winmar Toronto/Brampton and No Problem Movers held its first annual mix and mingle boat cruise on Sept. 17. Guests set sail aboard the Obsession III for a four hour tour around the Toronto harbour. Guests were treated to a fabulous view, great music and tasty hors d’oeuvres while meeting new friends. Proceeds from the event […]
Industry
Standard & Poor’s (S&P’s) has lowered its unsolicited long-term counterparty credit and senior unsecured debt ratings on Kingsway Financial Services Inc. to ‘CCC+’ from ‘B-’.The negative outlook “reflects our assessment of the company’s weak profitability, weak liquidity, weak capital adequacy, uncertain insurance franchise, reduced competitive position, weak management oversight, weak enterprise risk management and limited […]
By Canadian Underwriter | September 29, 2009
2 min read
The Insurance Brokers Association of B.C. (IBABC) is pleased that amendments to Bill 6, the Insurance Amendment Act, propose to eliminate an existing distinction between fire and multi-peril policies.Now in first reading, Bill 6 was introduced into the B.C. legislature on Sept. 15, 2009. Among other things, proposed amendments to Bill 6 include one set […]
U.S. property and casualty insurers plan to increase IT spending by 1.6% from 2008 to 2009, according to the fourth annual joint Information Technology (IT) spending survey conducted by Gartner, an IT research and advisory company, and the Property Casualty Insurers Association of America (PCI).This increase is very close to the 1.9% planned spending increase […]
Insurer capital bases have grown by 8% through the first half of 2009 after decreasing by 29% in 2008, according to Aon Benfield. Over the same period, reinsurer capital bases increased by 9% after decreasing by 15% in 2008, Aon Benfield’s Reinsurance Market Outlook: Resilient Without Assistance reports. “With both reinsurance buyer and seller capital […]
There may be evidence that the Atlantic hurricane season is getting longer and hurricanes may in fact be getting stronger, according to research summarized in Partner Re’s Hazard & Risk Science Review 2009. The Review is a digest for the insurance industry of natural hazard and risk science research.The Review cites an article from Geophysical […]
By Canadian Underwriter | September 28, 2009
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