Industry
Many trucking companies have incorrectly assumed all owner-operators are qualified to opt out of WSIB coverage. This misunderstanding has proved costly for some.
By Dylan Short, Manager, Advisory Services, Corporate Underwriting and Safety and Training, Markel Insu | July 31, 2007
5 min read
Risk
Canada’s claims reality in 2007 is starting to catch up with the recent abundance of capital and concomitant rate decreases. Could this mean that the current ‘soft-market’ period may be reaching its apex, and the pendulum may start veering towards a hard market again? What’s happening right now in property lines — in particular, commercial […]
By David Gambrill, Editor | July 31, 2007
4 min read
The market share of Alberta’s risk-sharing pools is high by North American standards, standing at 11.5% on a written exposure count basis and 18.5% on a written premium volume basis, according to the Facility Association in a submission to the Alberta Automobile Insurance Rate Board (AAIRB). That puts the market share for Alberta’s risk-sharing pool […]
July 31, 2007
1 min read
Paris Re (formerly AXA Re) celebrated the launch of its new brand name and new banner during a special evening held in the heart of Old Montreal on Apr. 26, 2007. Hans Peter Gerhardt, CEO of Paris Re Holdings, and Carol Desbiens, chief agent for the Canadian branch, welcomed industry guests to the celebratory gathering. […]
9 min read
Everest Re Group Ltd. has reported a 2007 Q2 net income of US$283 million, up from US$220 million in 2006 Q2.Over the first six months of 2007, the company generated a net income of US$580 million for an annualized ROE of 22%. The reinsurers 2007 Q2 combined ratio was 89.2%, compared to 87.7% for the […]
By Canadian Underwriter | July 31, 2007
2 min read
Claims
Crawford & Company (NYSE: CRDA and CRDB), an independent provider of claims management solutions to insurance companies, has reported a 25% increase in 2007 Q2 revenues.Overall, the company reported a 2007 Q2 profit of US$6.1 million compared to a 2006 Q2 net income of US$4.2 million.The 2007 Q2 net income included a gain of US$3.1 […]
By Canadian Underwriter | July 30, 2007
Approved auto insurance rates indicate an average change of -0.13% in 2007 Q2 based on the entire market, FSCO reported on its web site. In the 2007 Q2, for the 31.12% of the market that had rate changes approved, the average rate change was -0.41%, when weighted by 2006 market share, FSCO reported in the […]
The Automobile Insurance Rate Board (AIRB) has decided to maintain premiums for mandatory auto insurance in Alberta at 2006 levels, based on the results of its annual insurance rate review.”Alberta consumers continue to have access to fair and affordable auto insurance,” AIRB board chair Alf Savage said in a press release. “Insurance premiums for mandatory […]
By Canadian Underwriter | July 27, 2007
Home, car and business insurers are reminding homeowners and tenants affected by the fire in south Edmonton to contact their insurance provider as soon as possible.This fire left many Edmontonians without a home and it’s important that they contact their insurance company promptly,” Jim Rivait, Vice-President, Prairies, Northwest Territories and Nunavut, Insurance Bureau of Canada […]
Summer months mean well-deserved vacation time, including lengthy absences from home that open the door for thieves, BCAA Insurance warns.BCAA Insurance says it receives the highest proportion of theft-related claims in the summer, followed closely by the Christmas holiday season.”According to break-and-enter reports, most intruders enter from a garage door, an unlocked side door or […]
By Canadian Underwriter | July 26, 2007
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