Industry
Members of the Insurance Brokers of Toronto & Region gathered for a February 2009 Luncheon in Markham, Ontario. Bob Tisdale, president of Pembridge Insurance Company, offered his insights about how to survive during a hardening market and economic turmoil.
February 28, 2009
1 min read
CARSTAR Automotive Canada presented a cheque at its Repentigny, Quebec location worth $10,000 to Melanie N. (last name unvailable), the grand prize winner of the first ever Hit Us With Your Best Shot photo contest. She took top prize for the winning photo of her best “game face.” For each photo that was entered in […]
Crawford & Company (Canada) Inc. donated $50,000 to Women in Insurance Cancer Crusade (WICC) on behalf of its employees. The latest donation, provided during a celebration breakfast at the Fairmont Royal York Hotel on Feb. 10, brings Crawford’s five-year total to $250,000. “Five years ago, when we first launched our charitable initiative, Crawford Cares, and […]
Developing insurance solutions for cyber liability in educational settings is challenging because the exchange of information in such settings is expected to be accessible and yet secure and private, an Aon Professional Risk Services White Paper notes. “An overriding challenge that educational institutions face when dealing with privacy and security risks continues to be the […]
By Canadian Underwriter | February 27, 2009
2 min read
Manitoba Public Insurance (MPI) has acquired the nine-storey building that houses most of its administrative office, as well as surrounding parking lots, for Cdn$81.5 million.Acquiring Cityplace will contribute to stable operating costs and continued low Autopac rates, MPI said in a statement. MPI has been facing difficult questions about where to locate its administrative offices, […]
Governments need to improve how they prioritize efforts to prepare for large-scale disasters, according to an Organization for Economic Co-operation and Development (OECD) report, Innovation in Country Risk Management.Furthermore, they should work more closely with the private sector to ensure they can deal with crises quickly and cost-effectively, says the report, produced in conjunction with […]
Giving additional bailout money to insurance companies that are also savings and loans (thrift) holding companies undermines healthy competitors, said the Property Casualty Insurers Association of America (PCIAA).“Insurers that become bank or thrift holding companies can get cheap federal loans through Treasury’s Capital Purchase Program and then shift this subsidized capital to their insurance affiliates,” […]
Insurance lawyers defending professional liability claims should look into the possibility of limiting liability on the basis of contractual provisions, especially when co-defendents (such as architects) have contracts that limit the scope of liability.Andrew Heal of Blaney McMurtry made the comment at the Blaney McMurtry “Insurance Law: Winter Update 2009,” held in Toronto. Heal was […]
By Canadian Underwriter | February 26, 2009
Insurers must avoid turning counsel into loss adjusters, which not only wastes money, but risks turning counsel into a witness. Furthermore, counsel lose objectivity when they are asked to play the role of frontline investigators, Marcus Snowden, partner at Blaney McMurtry, told attendees at the Insurance Law: Winter Update 2009 in Toronto. He told of […]
RSA Canada reported an underwriting profit of Cdn$112 million in 2008, a Cdn$5- million increase over the prior year.The Canadian subsidiary achieved a combined operating ratio (COR) of 92.9%, a slight increase from 2007’s COR of 92.4%.In commercial lines, premiums were up 9% (net premiums written of Cdn$425 million) with a COR of 92.2% and […]
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