Industry
Western Financial Group Inc. has completed the acquisition of Blonde & Blonde in Kelowna, B.C., Baxter Agencies, formerly a Trans West Insurance office, in Lac La Biche, AB, and Nielsen & Wolfe Agencies in Morrin, AB.”We are pleased to be able to add the growing Alberta communities of Morrin and Lac La Biche to our […]
By Canadian Underwriter | August 7, 2007
2 min read
Claims
General Motors (GM) has announced that it will be using a PPG basecoat system in all of its dealership repairs. The PPG Envirobase High Performance and Nexa Autocolor Aquabase Plus waterborne basecoat systems from PPG Automotive Refinish recently received the major automakers approval. Skilled technicians using the right materials offer the only path to true […]
By Canadian Underwriter | August 3, 2007
1 min read
Kingsway Financial Services Inc. (TSE:KFS, NYSE:KFS) has reported a 2007 Q2 net income of US$41.7 million, a 4% increase over the same quarter last year.In a press release, Bill Star, the president and CEO, said he was pleased with the performance of our Canadian subsidiaries for the quarter and year to date, with each reporting […]
The Insurance Bureau of Canada (IBC) is urging residents of Newfoundland and Labrador to contact their insurance representatives after being battered by tropical storm Chantal.The storm blasted the eastern third of the province with high winds and approximately 150 millimetres of rain earlier this week, washing out roads and causing extensive damage.James Geuzebroek, IBC spokesperson, […]
By Canadian Underwriter | August 2, 2007
Co-operators General Insurance Company announced its 2007 Q2 net income was down marginally, dropping from Cdn$49.6 million in 2006 Q2 to Cdn$48.9 million in 2007 Q2.The companys 2007 Q2 gross written premium decreased 0.7% to Cdn$$598.6, compared to Cdn$602.8 million in 2006 Q2.At the same time, the companys loss and combined ratios were both down […]
Risk
The Economical Insurance Group is maintaining its investment as a full partner of the Broker Identity Program for 2007, the Insurance Brokers Association of Canada (IBAC) has announced.By investing in the program, The Economical supports the message being delivered every day to consumers, legislators, government officials, and regulators, IBAC says in a statement. The goal […]
By Canadian Underwriter | August 1, 2007
Commercial
A new commercial vehicle registration agreement has been struck between the Saskatchewan and Manitoba governments.The new reciprocal agreement will allow commercial trucks, buses and taxis to operate within 16 kilometres of the Saskatchewan-Manitoba border without having to pay for two vehicle registrations or a single trip permit, a Saskatchewan Government Insurance (SGI) release says.We are […]
There is a distinction to be made between primary, excess and/or umbrella policies when “other insurance” policies are called upon to respond in situations when primary coverage has been exhausted, the Ontario Court of Appeal ruled recently. In McKenzie v. Dominion of Canada General Insurance Company, a policyholder, Michael McKenzie, was involved in a serious […]
August 1, 2007
3 min read
An Ontario Superior Court of Justice case, Oliveira v. Mullings, recently considered the standard for summarily dismissing a claim made against an auto insurer. The claim was based on a September 2003 motor vehicle collision, in which one of the defendants, Phillip Mullings, was the driver of a vehicle owned by his mother, defendant Claudia […]
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