Risk
Crawford & Company (Canada) Inc. has announced a major shuffle to its senior management with nine appointments.Steve Anderson has been appointed senior vice president, corporate markets and administration. In this role he will oversee the companys healthcare management services, risk management services, Claimsalert, and auto appraisal services.John McHugh will assume the role of vice president, […]
By Canadian Underwriter | April 3, 2007
1 min read
Industry
The Financial Services Commission of Ontario (FSCO) says it intends to “draft recommendations for the licensing of wholesale brokers and re-insurance intermediaries to enhance consumer protection as one of its priorities for 2007.The Ontario insurance regulators list of 2007 priorities is posted on FSCOs Web site. Among them, the regulator has included a proposal to […]
2 min read
Willis Group Holdings Limited (NYSE: WSH) announced that it is increasing its effort to grow its business among small companies around the world. As a component of Shaping Our Future, a series of strategic initiatives, Willis is targeting this segment by partnering with carriers to develop insurance solutions which are highly tailored to small enterprises.The […]
Its official: The 2005-07 Bank Act review has finally been laid to rest.The Insurance Brokers Association of Canada (IBAC) on Apr. 2 applauded the Parliament of Canada for passing bill C-37 in late March.As passed, the bill does not give banks the power to retail or provide information about insurance products and services through their […]
By Canadian Underwriter | April 2, 2007
Insurers should count on an average of roughly eight weeks lead time to prepare for enrolment in Ontarios new Health Claims for Auto Insurance [HCAI] system, an electronic method for collecting and transmitting auto insurance health claims data. All 180 insurers currently licensed to sell auto insurance in the province will be required by law […]
Claims
The Intergovernmental Panel on Climate Change (IPCC) is preparing to launch its second report this year, which found that Canada can expect to see major issues around heat waves and water shortages, reports the Toronto Star. The Star obtained a near-final draft of the reports technical summary, and reported that nearly six pages of the […]
Kingsway Financial Services Inc. (TSX:KFS, NYSE: KFS) announced the completion of the acquisition of Mendota Insurance Company, a wholly owned subsidiary of The Travelers Company, Inc.. The transaction includes Mendotas wholly owned subsidiaries, Mendakota Insurance Company and Mendota Insurance Agency, Inc.. The purchase price has been funded through a combination of internal sources and Kingsways […]
Maintaining the Leadership Position
By Craig Harris | April 1, 2007
13 min read
El Nio – which moderated storm activity last year – has dissipated, thereby increasing the likelihood of 2007 being an active season, according to Tropical Storm Risk (TSR), a consortium of experts on seasonal climate forecasting led by the Benfield UCL Hazard Research Centre. TSR predicts Atlantic basin and U.S. landfalling hurricane activity in 2007 […]
April 1, 2007
If the exterior of a building is a reflection of what lies within, then the independent adjusting firm of Angell, Townson & Williams (AT&W) chose their home wisely. Located within a heritage post office in Aurora, Ontario, the 18-year-old company is a reminder of the grand old days of small businesses. AT&W was formed in […]
By Andrea Orazi | April 1, 2007
5 min read
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