Claims
The Insurance Corporation of British Columbia (ICBC) has issued a statement warning BC drivers to prepare and beware of flooding. According to BCs Ministry of Environment, warmer temperatures and snowmelt combined with high volume precipitation could increase the risk of rising water in the coming weeks. ICBC recommends finding a safe location on high ground […]
By Canadian Underwriter | May 10, 2007
2 min read
Industry
The Insurance Brokers Association of Alberta [IBAA] has made several adjustments during its recent convention in Jasper Alberta, one of which was a name change.At its AGM on May 7, the association voted to drop the word independent from its original moniker, the Independent Insurance Brokers Association of Alberta (formerly the IIBAA).The association also noted […]
Mitchell International has released a report examining owner/policy-holders experience with direct repair programs and the impact on satisfaction and loyalty. According to researchers, in the collision repair industry, customer satisfaction and customer loyalty are more closely linked than in other markets. Because of the nature of automotive collisions, the most important transaction a repair shop […]
By Canadian Underwriter | May 9, 2007
1 min read
Home
Crawford & Company (Canada) Inc. has announced the creation of a commercial auto services branch, which will oversee programs in the commercial auto sector. Working with Crawfords global branch network, this new team will manage programs within the commercial auto sector, such as car and truck rentals, taxis, couriers, and commercial fleets.CEO John Sharoun notes […]
Risk
The Insurance Corporation of British Columbia (ICBC) has reported net income of $111 million for the 2007-Q1, an increase from 2006-Q1s $85 million. According to an ICBC statement there were more than 64,000 crashes in the first three months of 2007, which is an increase of almost 4% over the same period of 2006. ICBC […]
Canadas privacy commissioner is imploring governments and businesses to take action against identity theft, calling it a pervasive problem for Canadians.Commissioner Jennifer Stoddart addressed the Standing Committee on Access to Information, Privacy and Ethics, which just released a study on the issue.At the moment Canada lacks a clear picture of the prevalence of identity theft […]
After 20 years of service at BDC, Brian K. Hammond, director, risk management and insurance, is retiring. During Brians time with us, BDC has benefited from his sound advice, and wise counsel on risk management, insurance matters and claim-related problems, Paul Buron, BDC executive vice-president and chief financial officer, said in a press release. In […]
By Canadian Underwriter | May 8, 2007
Swiss Re has increased its earnings by 54% in Q1-2007 over Q1-2006. The company has reported earnings of CHF1.3 billion (approximately Cdn $1.18 billion).Swiss Re had a good start to 2007, Jacques Aigrain, CEO for Swiss Re, said in a press release. All our business segments contributed to Swiss Res solid performance, which also benefited […]
The Intergovernmental Panel on Climate Change (IPCC) points to changes in insurance practices as an indirect form of climate change policy in its its fourth report, Climate Change 2007. According to the panel, there is growing evidence that decisions concerning insurance practices, as well as macroeconomic policy, electricity market reform, energy security and forest conservation, […]
Marsh & McLennan Companies Inc. (MMC) reported revenues of US$2.8 billion [approximately Cdn$3.1 billion] and a profit of $1.5 billion [approximately Cdn$1.66 billion] in its risk and insurance services during the 2007 Q1, an increase of 1% from 2006 Q1.Marshs revenues included $540 million [approximately Cdn$597 billion] in the Americas, a decline of 5% from […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
