Auto
Women in Insurance Cancer Crusade is holding its first fundraising event in the Golden Horseshoe on Sept. 27, 2007.Dust off your poodle skirts, bring out the pomade and become a Rebel Without a Cause against cancer. The Accidental Benefits will be playing, not to mention a host of fun surprises, contents, a silent auction and […]
By Canadian Underwriter | July 26, 2007
1 min read
Industry
Changes need to be made to the Albertas building codes to incorporate tougher governance on installation of siding, insurance and vinyl siding industries are saying after last weekends massive fire, The Edmonton Journal reports. As an incentive, insurance companies might consider implementing reductions in premiums for those homes equipped with safety features, Michael Debolt, public […]
By Canadian Underwriter | July 25, 2007
Claims
Insured flooding losses in the United Kingdom this summer may yet reach more than 2 billion (Cdn$4.27 billion), less than half of what the regions March 1947 floods would have cost insurers had they happened today 4.5 billion to 6 billion (Cdn$9.6 billion to Cdn$12.8 billion), according to Risk Management Solutions (RMS).RMS estimates the floods […]
2 min read
Risk
The intersection at the corner of the Trans-Canada Hwy and Willingdon Ave. in Burnaby, B.C., ranks first among a list of the provinces Top 10 crash sites, according to an annual list compiled by ICBC.The list of British Columbias 10 worst crash sites, based on collisions and fatalities reported to the provincial police, is posted […]
By Canadian Underwriter | July 24, 2007
Researchers at Environment Canada have proven for the first time that human activity has affected the amount of precipitation that falls on North America.The scientists, co-led by Francis Zwiers and Xuebin Zhang, studied global rainfall data from 1925 to 1999 and compared it to 14 complex climate models.The observed changes, reports Zwiers, were larger than […]
PartnerRe Ltd. has reported a 2007 Q2 profit of US$105 million, up from a profit of US$77.5 million in 2006 Q2.The global reinsurers 2007 Q2 combined operating ratio was 85.7%, down from the 90.3% it reported in 2006 Q2.Net premiums written in 2007 Q2 amounted to US$898.7 million, up 10% from US$815.9 million in 2006 […]
By Canadian Underwriter | July 23, 2007
A fire that ripped through a south Edmonton neighbourhood early Sunday morning could prove to be the largest property loss due to fire in Albertas history, industry experts at the Insurance Bureau of Canada (IBC) estimate.Michael Debolt, IBCs manager of government relations, the prairies, says that according to reports from the fire department, 18 homes […]
Swiss Res Industrial Risk Insurer has organized its team to better serve customers property and casualty insurance requirements. The reorganization stems from an announcement made by the organization in April stating its intent to enhance its ability to meet the needs of both clients and brokers, while broadening its product distribution reach, a release notes. […]
By Canadian Underwriter | July 20, 2007
The Autorite des marches financiers (AMF) is launching a penal proceeding in the Court of Quebec in the district of Montreal against Kingsway General Insurance Company.As a licensed insurer, the company faces 12 charges for failing to provide the Groupement des assureurs automobiles, as requested and in the prescribed form, the statistical data and information […]
After serving the Canadian property and casualty insurance industry for 32 years, Stanley I. Griffin, president and CEO of the Insurance Bureau of Canada (IBC), has announced he will retire at the end of this year.Griffin joined the IBC in 1975, ultimately reaching the position of president and CEO in 2002, says an IBC release.IBC […]
By Canadian Underwriter | July 19, 2007
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