Industry
Nearly fifteen years after a fire damaged an insured’s home, the Court of Queen’s Bench of Manitoba has dismissed the claim for delay.In Martin et al v. The Portage La Prairie Mutual Insurance Company, Wayne and Diane Martin owned a home insured by Portage La Prairie that contained a “large quantity of personal property.” A […]
By Canadian Underwriter | January 23, 2009
2 min read
US commercial property and casualty market premiums showed definite signs of levelling off in 2008 Q4 across small, medium and large accounts and for most major lines of commercial business, according to The Council of Insurance Agents & Brokers (CIAB)’s Commercial P/C Market Index Survey. The survey included 120 responses from agents and brokers. “We […]
By Canadian Underwriter | January 22, 2009
A.M. Best Co. has downgraded the issuer credit ratings (ICR) of Kingsway Financial Services Inc. (to “b” from “bb-”) and Kingsway General Insurance Company (to “bb” from “bbb-”).The financial strength rating of Kingsway General Insurance Company was also downgraded from B+ (good) to B (fair).“The downgrading of KFSI’s rating is a direct reflection of the […]
1 min read
The KRG Children’s Charitable Foundation donated Cdn$2 million to Canadian charities in 2008.The donation includes a Cdn$1.3-million contribution to the Hospital for Sick Children.“KRG is in the insurance business and The Hospital for Sick Children represents a giant insurance policy for children and their families,” said Steven Wise, chairman and CEO of the KRG Insurance […]
**CORRECTION** The following item is an amended version of a prevous item in which Sally Turney was incorrectly quoted as saying the partnership no longer met the companies’ financial needs. In fact, the partnership no longer meets the companies’ strategic needs. Canadian Underwriter is responsible for the misquote and apologizes for the error. Aviva […]
The Ontario courts have no jurisdiction to split a trial in which a jury notice is already filed and one of the parties to the action objects, the Ontario Superior Court of Justice has found.The case arose out of a motor vehicle collision in October 1999, in which a woman was backing out of a […]
By Canadian Underwriter | January 21, 2009
The downward economic turn has resulted in a “late” renewal season as of Jan. 1, 2009, with cedants waiting until the last minute to nab the best deal in a hardening market, A.M. Best has noted in an online video.The full video clip can be seen at: http://www3.ambest.com/ambv/media/video.aspx?rc=152121″If I could choose a single word that […]
Crawford & Company (Canada) Inc. has made organizational changes within its senior management that are intended to enhance the company’s strategic growth initiative and customer focus. Pat Van Bakel has been promoted to senior vice president of claims operations. He will focus on uniting all of Crawford’s National Claims Services’ branches under one umbrella. In […]
The current global economic turmoil and credit crisis does not signify enterprise risk management (ERM)’s failure, but rather an over-reliance on financial models, said participants in the Ontario Risk and Insurance Management Society (ORIMS)’s ‘Lunch and Learn’ session.Held in Toronto on Jan. 21, the seminar served as a round-table discussion for approximately 35 members of […]
Claims
Trevor Black has been promoted to branch manager in St. Catharines for Cunningham Lindsey Canada Claims Services Ltd (CLC). “Trevor has a number of exciting plans for our St. Catharines office, namely quality measurement, training and education,” Lorri Frederick, CLC’s senior vice president of the central region, said in a release. “He’s a highly motivated […]
By Canadian Underwriter | January 20, 2009
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