Industry
Transport Canada is proposing an amendment to the Motor Vehicle Safety Regulations (MVSR) to make it easier for Canadians to import vehicles from the United States that are either already equipped with an electronic immobilization system “or can be fitted with one.”As of Sept. 1, 2007, motor vehicle safety regulations require that all new cars, […]
By Canadian Underwriter | December 3, 2007
2 min read
Auto
More than 125 RCMP and municipal police officers, in addition to members of the integrated road safety units, set up roadchecks from Whistler to Boston Bar on Dec. 1 to kick off this year’s Drinking Driving CounterAttack campaign. Insurance Corporation of British Columbia (ICBC) representatives were on hand, along with Air 1, B.C.’s traffic safety […]
1 min read
Commercial
Ontario’s Court of Appeal has affirmed that an endorsement contained in a commercial umbrella liability policy provided by Liberty Mutual Insurance Company provided coverage on an occurrence basis rather than on the basis of when the claim was made.The case centred on the claim of an employee of a Rio Algom subsidiary company based in […]
A.M. Best Co. has upgraded the financial strength rating of ACE INA Insurance (Canada) to A+ (Superior) from A (Excellent).The ratings reflect A.M. Best’s view that the company maintains excellent capitalization, has delivered consistently strong operating performance for several years and receives solid brand recognition, an A.M. Best release says.”The results are supported by significant […]
Risk
Inland marine is often thought to be a uniquely American phenomenon, but perhaps it is, or should be, more Canadian than people think
By Joseph S. Harrington, Director, Corporate Communications, American Association of Insurance Services | November 30, 2007
7 min read
Industry representatives should actively pursue the formation of an Insurance Market Monitoring Board (IMMB) to consult with government on the state of the insurance market With the recent defeat of the Facility re-design proposal, it is appropriate to review the issue of why the insurance-consuming public may require risk-sharing pools and other types of insurance […]
By John McGlynn, President and CEO, Kingsway General Insurance Company | November 30, 2007
8 min read
Direct writers are trying to provide consumers the same kinds of choice offered by independent brokers, but they can't touch the advisory value proposition
By Steven Wagler, President, Insurance Brokers Association of Ontario (IBAO) | November 30, 2007
3 min read
Year 2007 is almost at a close, and while the industry results have generally been good this year (following a second straight relatively catastrophe-free season), they have not been stellar, and they have noticeably deteriorated compared to the 2006 results. This has insurance company CEOs wondering how they can sustain the good financial results of […]
November 30, 2007
19 min read
Keith Wilson, who bought two brokerages by the age of 26, and who, at 38 years of age, is already the past president of two broker associations, is a testament to the vast potential of young brokers nationwide.
By Vanessa Mariga | November 30, 2007
6 min read
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