Industry
Brian Taylor and Lisa McCabe have been appointed branch managers of Cunningham Lindseys Halifax and Vancouver offices, respectively. Taylor was a complex claims analyst for a large Canadian insurer prior to the appointment, and McCabe served as a unit claims manager for a large insurance carrier. We are excited to have Brian join the Cunningham […]
By Canadian Underwriter | October 11, 2007
1 min read
Claims
Canadian catastrophe models should place more emphasis on wildfires and heavy rain, according to Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR).Kovacs made his statement at the National Insurance Conference of Canada (NICC) in Montreal. His comment is echoed in a recent report written by Glen Daraskevitch, vice president of risk […]
2 min read
**CORRECTION** The following article has been amended to correct an error brought to our attention since initial publication Statutory deductions from a plaintiff’s assessed damages, as mandated in s. 267.5(7) of the Insurance Act, are not to be considered in determining a party’s entitlement to costs pursuant to Rule 49 of the Rules of Civil […]
By Canadian Underwriter | October 10, 2007
Insurance brokers have launched a new keeping you covered brand and advertising campaign in response to what the Insurance Brokers Association of New Brunswick (IBANB) refers to as the clutter created by telemarketers and Internet sales of home and auto insurance.IBANB chair Danny Harrigan explained the need to promote the advisory role of brokers in […]
Risk
Canadas largest companies are more responsive than they were a year ago to investor requests regarding carbon risk strategies, but the disclosed information still falls short of investor requirements, according to the Carbon Disclosure Project 2007 (CDP): Canada 200 Report.The research shows that risk managers need to be aware of growing pressure from investors for […]
Royal & SunAlliance Insurance Company of Canada (R&SA) has teamed up with Policy Works Inc. to exchange commercial lines data electronically. This will make it easier for brokers using Policy Works to obtain quotes on commercial lines business from R&SA, according to press release issued by Royal & SunAlliance.The integration of Rapid eQuote, R&SAs web-quoting […]
Auto
An independent KPMG forensic report has concluded that current ICBC chair and former British Columbia deputy minister Paul Taylor complied with accepted standards of conduct and did not attempt to influence the government on behalf of a B.C. auto association or its members during his tenure as deputy minister in 2003.Taylor was the president and […]
Connecticuts attorney general Richard Blumenthal has launched an antitrust lawsuit against 10 reinsurers, alleging anticompetitive practices that inflated insurance costs for insurance companies and consumers.The attorney generals allegations have not been proven in court. The principle defendant in the case, Guy Carpenter & Company LLC, says it plans to defend itself vigorously in the resultant […]
By Canadian Underwriter | October 9, 2007
Western Financial Group has acquired Alberta-based Younger and Holmes Limited and Firmac Insurance Limited. Our agency continues to expand in growing communities in Western Canada, Scott Tannas, president and CEO of Western Financial Group, said in a release. Both operations have strong market share in their respective communities. Proposed U.S. legislation has created a debate […]
Marsh, a global insurance broker and risk adviser, has arranged a property facility that will provide up to US$425 million of non-catastrophe capacity in the London market for United States and Canadian companies, the company has announced.The facility can be adapted to provide up to US$262.5 million worth of non-critical catastrophe capacity, and up to […]
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