Industry
Swiss Re has reported a net income of CHF4.2 billion (about Cdn$3.96 billion) for 2007, down 9% from 2006, but nevertheless the second-best result in the company’s history. “Driven by an outstanding performance across our key businesses, we delivered the second-best result in Swiss Re’s 144-year-history,” Swiss Re CEO Jacques Aigrain said in a press […]
March 31, 2008
1 min read
Claims
The WICC Alberta Chapter Gold Flame Awards Lunch was held in Calgary on Jan. 23. The Palomino Room at Stampede Park again provided an amazing setting for the event. More than 300 people attended to hear an update on Dr. Hanne Ostergaard’s WICC-sponsored research project, as well as the emotional speech of Peace Hills CEO […]
The Insurance Institute of Canada helped brokers elevate their game on Feb. 7, with the exciting event ‘Player or Spectator,’ held at Toronto’s historic Roundhouse, home of Steam Whistle Brewing. The social networking event was complete with food, drinks, contests, prizes, great entertainment and relationship-building opportunities. Special guest Darryl Sittler, the former captain of the […]
The Toronto Insurance Women’s Association (TIWA) added an extra splash of red and white to this year’s Valentine’s Day celebrations when it hosted its annual wine and cheese reception on Feb. 14. Guests indulged in fine culinary offerings, enjoyed live music and clinked their wine glasses with fellow industry peers at this year’s reception, held […]
Desjardins General Insurance (DGI) has launched a financial aid fund for caisse members that cannot afford insurance and DGI policyholders that have inadequate coverage potentially leading to their financial demise.The annual budget is 1% of DGI’s net income, to a maximum of Cdn$1 million, the company reports in a release. The fund’s 2008 budget is […]
By Canadian Underwriter | March 31, 2008
The United States Federal Treasury has called for federal regulation of the nation’s insurance industry, drawing criticism from the association representing U.S. state insurance regulators.A backgrounder to a speech delivered by Treasury Secretary Henry M. Paulson, Jr. notes insurance regulation in the United States “is almost wholly state-based, with 50-plus regulators. This structure raises a […]
2 min read
Future care costs may be on the rise in Ontario, given the Court of Appeal’s decision to uphold a jury decision to award plaintiffs an amount more than Cdn$1-million in excess of the highest amount sought. In the 2006 Superior Court case Sandhu v. Wellington Place Apartments, Harvinder Sandhu fell from a fifth-floor apartment window, […]
The Office of the Superintendent of Financial Institutions Canada (OSFI) has adjusted its Minimum Capital Test (MCT) Guideline for all federally regulated property and casualty insurance companies. After discussions with the Insurance Bureau of Canada, OSFI and the Canadian Council of Insurance Regulators have now revised the treatment of property and casualty insurers’ “other subsidiaries […]
Dave Lush is the new chief operating officer of CARSTAR Automotive Canada. The new position was created to ensure the company is poised for its next phase in growth and long-term sustainability, CARSTAR noted. Lush will be responsible for ensuring operational excellence, as well as the execution of business strategies and the strategic plan for […]
The article Alberta’s Court of Appeal Weighs In on the “Use and Operation” of an Automobile as appeared in the Feb/March issue of Claims Canada was incorrectly attributed to Cheryl Canning of Burchell Hayman Parish in Halifax, NS. The actual author of the article is Alexis N. Moulton, senior associate with McLennan Ross LLP in […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
