Industry
York Fire & Casualty Insurance has appointed Lori Corrigan to the position of vice president and COO.Corrigan brings to the post more than 20 years of insurance industry experience, from both a company and broker perspective, says a York Fire release. Her senior management experience spans marketing, claims and underwriting. In her new position, she […]
By Canadian Underwriter | July 8, 2008
1 min read
The Women in Insurance Cancer Crusade (WICC) has received a Cdn$1,000 personal donation, symbolizing the first WICC Tribute donation. The WICC Tribute is an initiative developed by WICC Ontario, giving industry members a tangible and meaningful way to commemorate colleagues who lost the fight with cancer and to honour those who continue to live and […]
By Canadian Underwriter | July 7, 2008
Claims
Hurricane Bertha, the first hurricane of the Atlantic season, is also the first storm in recorded history to develop so far east so early in the season, according to Storm Exchange Inc., a firm specializing in weather-related risk management.Bertha was upgraded to hurricane status on July 7, when its centre was located roughly 1,250 kilometres […]
Despite the endorsement of enterprise risk management (ERM) by executive leaders of North American insurance companies, a full appreciation of ERM hasn’t fully filtered down within their organizations, a PricewaterhouseCoopers study has found.”Despite progress at the top, the study found that ERM is, in many cases, neither relevant to nor clearly understood by business teams,” […]
By Canadian Underwriter | July 4, 2008
2 min read
Brokers are now able to upload customer and property information directly into SaversCL, ING Insurance’s broker application, to request a quote using Keal Technology’s commercial management system comXP. Using Centre for Study of Insurance Operations (CSIO) XML standards, Phase 1 of the data integration project announced earlier this year has been initiated, according to a […]
Were it not for the United States, Canada would rank dead last among G8 countries when it comes to moving towards a low-carbon economy, according to a scorecard developed on behalf of Allianz SE and WWF International.Allianz and WWF recently released online the results of their ‘G8 Climate Scorecards.’ Canada ranked seventh out of the […]
By Canadian Underwriter | July 3, 2008
Kathleen Davies has been appointed national account executive with Crawford & Company (Canada). She brings more than 10 years of sales experience to Crawford. Reporting to Gary Gardner, vice president, sales and marketing, Davies will specialize in enhancing Crawford’s sales initiatives with Crawford Healthcare Management Services.”Through her work experience and her volunteer commitments with WICC […]
The Financial Services Commission of Ontario (FSCO) intends to get the Health Claims for Auto Insurance (HCAI) electronic data-exchange system back on the rails in 2008.FSCO posted its 2008 priorities on its Web site recently, and the resumption of the currently suspended HCAI system is among them.HCAI allows for the electronic exchange of health claim […]
By Canadian Underwriter | July 2, 2008
Insurers expect to pay more than Cdn$56 million to customers after storms swept through parts of Quebec on June 10, according to a survey by the Insurance Bureau of Canada. To date, more than 6,000 claims for damages to residence and personal property and 10,000 automobile claims have been filed due to the Quebec storms, […]
Anthony Clark International Insurance Brokers Ltd. (ACLTSX Venture) has closed secured debt financing arrangements with ING Insurance Company of Canada, in which ING has agreed to provide a Cdn$4.5-million loan facility to Anthony Clark Insurance Brokers Ltd.”The facility will be available to finance the potential future Canadian expansion projects and purchases of Canadian insurance brokerages,” […]
By Canadian Underwriter | July 1, 2008
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