Claims
The World Economic Forum (WEF) has announced the formation of a new consortium, the Climate Disclosure Standards Board (CDSB), that will develop the framework for climate risk-related reporting by corporations. The focus will be on the disclosure of the following key climate issues in company annual reports: total emissions; assessment of the physical risks of […]
By Canadian Underwriter | January 26, 2007
1 min read
Industry
Crawford Adjusters Canada’s employees presented a cheque in the amount of $50,000 to the Women in Insurance Cancer Crusade (WICC) recently.Since its inception in 2004, Crawford Cares has raised over $150,000 for WICC. “Our employees have once again stepped up to not only raise awareness of this horrible disease, but also to donate their own […]
Crawford Adjusters Canada’s employees recently presented a cheque in the amount of $50,000 to the Women in Insurance Cancer Crusade (WICC).Since its inception in 2004, Crawford Cares has raised over $150,000 for WICC. “Our employees have once again stepped up to not only raise awareness of this horrible disease, but also to donate their own […]
Risk
Agricultural insurance schemes can provide more economic security to the agricultural community and support the sector’s development, according to Swiss Re.Agricultural insurance is largely underdeveloped, even though agriculture remains a key sector in many emerging economies. Emerging market economies continued their strong growth in 2005, despite rising global interest rates and commodity prices. According to […]
2 min read
SCM Adjusters Canada Ltd. has announced the successful completion of an acquisition agreement resulting in Leonard French & Co. Ltd. joining the SCM team. Leonard French & Co was founded in 1977 by Leonard French and more recently, under the leadership of Norman French, Denis Rivard, Drew Knox and Doug Friesen, “has built a solid […]
By Canadian Underwriter | January 25, 2007
PartnerRe Ltd. (NYSE: PRE) is reporting a slight decline of premium as of the Jan. 1, 2007 renewal season because insurers are continuing a trend of retaining more risk.PartnerRe has indicated on its Web site that during the Jan.1, 2007 renewal season, it had written and bound approximately US$1.8 billion of estimated non-life premium.”On a […]
The Canadian government has picked a substantial amount of the costs associated with insuring the country’s nuclear facilities against terrorist attack, according to the Halifax newspaper, The ChronicleHerald.”The Nuclear Liability Act, passed in 1976, limits liability for damages caused by a nuclear accident to $75 million,” the paper reports online. “It is widely considered to […]
Kernaghan Adjusters has been forced to double its staff on Vancouver Island in order to keep pace with the claims generated by the recent string of storms that battered the region.Since the first of November, Kernaghan has doubled its staff on the Island and opened an office in Campbell River, a press release says. Additionally, […]
A.M. Best Co.’s issuer credit rating (ICR) of “bbb-” for Kingsway Financial Services Inc. (Kingsway) (Mississauga, Ontario) [TSX/NYSE: KFS] remains unchanged following Kingsway’s announcement that it intends to acquire the Mendota Insurance Company (Mendota), a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. [NYSE: STA]. The transaction includes Mendota’s wholly owned subsidiaries, Mendakota […]
By Canadian Underwriter | January 24, 2007
The owners of 47,000 vehicles insured through the Aviva Canada group in Nova Scotia will start paying lower automobile insurance rates starting February 1, 2007 according to a press release.Approval has been received by the Nova Scotia Insurance Review Board for Aviva to reduce its rates for drivers in the province, effective January 1, 2007 […]
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