Claims
Members of the Ontario Insurance Adjusters’ Association (OIAA) took to Deer Creek Golf & Banquet Facility in Ajax, Ont. on Jun. 6 for the OIAA Open Annual Golf Tournament. Four-hundred golfers teed up to raise nearly $6,700 for the Big Brothers Big Sisters of Canada • Photos courtesy of: MEA Forensic Engineers & Scientists Ltd.
September 30, 2008
1 min read
Members of Toronto’s insurance community got together on Sept. 25 for Insurance Industry Kicks for United Way. The friendly game of soccer, organized by HKMB Hub International and Chubb Insurance Co., featured roughly 35 players and nearly 75 spectators. Following the game at BMO Field at Exhibition Place was an in-stadium barbeque. The event raised […]
Members of the Canadian insurance industry convened at the Sheraton Centre Hotel in Toronto on Sept. 17 to partake in the A. M. Best Company’s 2nd Annual Review and Preview Canada Conference. Speakers touched on all aspects of the market, including overviews of the state of the property and casualty market in Canada, investment overviews, […]
Industry
Fairfax Financial Holdings Limited (TSX and NYSE: FFH) has entered into an agreement to purchase roughly 9.5 million common shares of Ridley Inc. (TSX: RCL) from its Australian parent, Ridley Corporation Limited, for Cdn$81 million. The transaction, expected to close Oct. 20, 2008, is subject to certain closing conditions, Fairfax notes in a release. “The […]
By Canadian Underwriter | September 29, 2008
Independent brokers and Manitoba Public Insurance (MPI) have entered into an accord for a new compensation model that will support a more convenient renewal process and new product offerings for customers in the future.The plan includes the following features: The gradual decrease in commissions for Basic Autopac sales will be offset by an immediate increase […]
Transatlantic Holdings Inc. (NYSE: TRH) has established a special committee to evaluate proposals received from American International Group Inc. (“AIG”) related to the possible sale of AIG’s 59% common stock interest in the company.Commenting on these actions, Robert F. Orlich, the chairman, president and CEO of Transatlantic Holdings, said: “The special committee is working with […]
Hurricane Kyle made landfall at Yarmouth, Nova Scotia on the evening of Sept. 28 as a Category 1 storm, but was quickly downgraded to a post-tropical low and failed to cause any serious damage, reports the Canadian Hurricane Centre (CHC).The centre of the storm subsequently tracked north to Digby, Nova Scotia, across the Bay of […]
The Shumka Group has unveiled new corporate identities for itself and its three operating companies, SCM Adjusters Canada Ltd., Forensic Investigations Canada (FIC) and Risk Management Services (RMS).The parent company, previously known as The Shumka Group, will now be known as SCM Insurance Services (SCM). The operating company, SCM Adjusters Canada Ltd., will become ClaimsPro […]
By Canadian Underwriter | September 26, 2008
Eleven vehicles have won the Top Safety Pick Award from the Insurance Institute for Highway Safety (IIHS), with four of them in the small vehicle class.Winners are selected based on their superior overall crash protection among the vehicles in their classes, an IIHS release says. To qualify, a vehicle must earn the highest rating of […]
In light of recent developments in the financial markets, the Canadian Securities Administrators (CSA) says it is continuing to monitor closely events both domestically and internationally to determine whether additional regulatory responses are necessary. Members of the CSA have taken, or are taking, the following actions: Temporarily prohibited short selling of the common shares of […]
2 min read
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