Claims
Saskatchewan’s hail claims have surpassed the other Prairie provinces and are about 10 per cent higher than the province’s five-year average, according to the Canadian Crop Hail Association’s hail report, Farmers from the communities of Reward, North Battleford, Meota, Cut Knife, Unity, Wilkie, Cudworth, Wakaw, Melville, Canora, Kuroki, Kamsack and Yorkton filed claims as a […]
September 30, 2007
1 min read
Scientific evidence of the causes of global warming may reach a point of sophistication that supports allegations of liability for individuals, entities, industries and nations responsible for emissions of Green House Gases (GHG), Aon warns.In its report, Will Insurers be Burned by the Climate Change Phenomenon? Peter C. Breitstone, CEO of Aon Environmental Services Group, […]
By Canadian Underwriter | September 28, 2007
2 min read
Risk
McLarens Canada announced the acquisition of Vanler Insurance Adjusters Ltd. on Sept. 27. Founded in 1993 in Toronto by Dennis Schembri, president, Vanler Insurance Adjusters Ltd. will become an integral part of the McLarens management team, according to a release. The company has six Ontario-based locations. “Vanler Insurance Adjusters Ltd have an excellent reputation and […]
Industry
The Ontario Court of Appeal has sent a warning shot across the bow to insurers: notifying an insured that an OPCF 28A Excluded Driver Endorsement has been issued is not sufficient; a copy of the actual endorsement must be sent to the insured to satisfy the requirements of the Insurance Act.In GMAC Leasco Corporation v. […]
Research commissioned by Royal & SunAlliance (R&SA) found that one-third of 1,500 Canadian cottagers surveyed are unequipped for harsh weather conditions and only one-quarter of respondents keep their doors locked at all times when vacationing at their cottage.Specific to severe weather, the survey found that of the third of cottagers who are unprepared for severe […]
Home
Lloyds has reported a pre-tax profit of 1.8 billion [approximately Cdn$3.65 billion], for the first six months of 2007, marking a 34% increase over last year.Lloyds saw a profit of 1.35 billion [approximately Cdn$2.74 billion] for the same period of 2006.The insurer also reported a combined ratio of 82.9% for the first half of 2007, […]
By Canadian Underwriter | September 27, 2007
Swiss Re launched the Climate Adaptation Development Programme (CADP), which is designed to offer financial protection for weather related risks in emerging countries, during the Clinton Global Initiative 2007 meeting. Swiss Re will partner with Millenium Promise, a non-profit whose goal is to lift African villages out of poverty, and the International Research Institute for […]
The catastrophic impacts of a long-lasting pandemic are not only likely to happen, but overdue, and will likely exceed what most corporate and governmental leaders have imagined, or are prepared for, says a report from Marsh and The Albright Group.The scientific consensus is that an avian flu pandemic could sicken 20% of the worlds population, […]
The Ontario Court of Appeal has ordered CGU Insurance Company of Canada to contribute an equitable share of Cdn$1 million to Cdn$2.75-million settlement following a 1996 judo accident at the University of Windsor Judo Club.CGU insured the association Judo Ontario and its members including the University of Windsor Judo Club at the time when Chester […]
By Canadian Underwriter | September 26, 2007
The Insurance Brokers Association of Canada announced its board of directors and executive committee for 2007-2008 at its annual general meeting in Whistler, B.C.The executive committee is comprised of: Larry Kozakevich, chairman; Danny Craig, president; Peter Fredericks, president-elect; Justin MacGregor, vice-president; and Andrew Walker, vice-president.The national directors are as follows: Fraser Lyle, British Columbia, Ralph […]
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