Industry
The Women in Insurance Cancer Crusade (WICC) Ontario chapter is launching a fundraiser with the aim to turn loose change into cancer research.The “Change for Change” initiative kicks off on January 1, and will run through March 31. The concept was borrowed from the British Columbia chapter of WICC, who introduced the initiative in 2005.Interested […]
By Canadian Underwriter | December 19, 2006
1 min read
Risk
Gore Mutual Insurance Company is offering more than 50,000 free taxi rides this New Year’s Eve to their auto policyholders, the company recently announced.”Community and road safety is a shared responsibility, and the taxi offer program is an excellent safety initiative aimed at reducing impaired driving as well making our roadways the safest in North […]
2 min read
Hub International Limited (NYSE:HBG)(TSX:HBG) plans to accelerate its penetration of the transportation insurance market by acquiring Vermont-based Coburn Insurance Agency, Inc. Coburn, a broker earning US$9 million in revenue, has entered into a letter of intent with Hub International Transportation Insurance Services Inc. (Hub Transportation).”The proposed transaction will result in the formation of one of […]
The Canadian government has petitioned the U.S. Federal Motor Carrier Safety Administration (FMCSA) to allow Canadian trucking insurers to underwrite Canadian carriers operating south of the border without having to link with an American counterpart, according to a report by Today’s Trucking Online.The Property Casualty Insurers of America has joined with the Canadian government in […]
U.S. brokers “have largely put the issues from recent regulatory investigations behind them,” according to Fitch Ratings, which assigned a stable outlook to the U.S. insurance broker industry.In a recent industry outlook, Fitch noted that: “although near-term profitability [in the U.S. industry] may not reach peak levels last seen in 2002 and 2003, Fitch expects […]
By Canadian Underwriter | December 18, 2006
The General Insurance OmbudService (GIO) has announced the appointments of Brigid Murphy and Charles Reid to the organization’s board of directors. Murphy is currently senior vp with the Dominion of Canada General Insurance Company in Toronto, Ontario and brings more than 30 years of industry experience to the board.Reid, a management consultant in Vancouver, British […]
SAS has ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report. The report is an overall assessment of the risk technology vendors. It examines each vendor’s functionality, core technology, organization strength, customer satisfaction and market presence. “Our top ranking speaks volumes for SAS’ leadership in the risk […]
Trisura Guarantee Insurance Company has expanded into Quebec with the launch of its Montreal office. The new location will be headed-up by Jose Levesque, manager of corporate risk, and Jean-Franois Therrien, manager of surety.Levesque is responsible for underwriting and marketing the company’s directors’ and officers’ liability, professional liability and fidelity products across Quebec.She has extensive […]
The Insurance Council of B.C. is already underway with a new, continuous licensing system for B.C. brokers.Under the new system, licenses will no longer expire and all brokers will have a common annual filing date. The system will be fully integrated by May 31, 2008.”It will be easier for brokerages to manage the licenses in […]
By Canadian Underwriter | December 15, 2006
The Co-operators Group Ltd. has expanded its membership, welcoming Keystone Agricultural Producers (KAP) of Manitoba.The Co-operators board of directors approved KAP’s application on Dec. 1, expanding to 34 the number of Canadian organizations that are member-owners of the group of companies.Incorporated in 1984, KAP is a general farm organization that represents and promotes the interests […]
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