Risk
Social hosts of parties where alcohol is served do not owe a duty of care to public users of highways, the Supreme Court of Canada has ruled in Childs v. Desormeaux. Insurers were watching the case with interest because of its implications on how homeowners insurance, which would pay out for social host liability, might […]
May 31, 2006
2 min read
Industry
Following its recent acquisition of Allianz, ING Canada is seeking further opportunities to expand, ING Canada president and CEO Claude Dussault told an annual general meeting of the company’s shareholders recently. “With the acquisition of Allianz, ING Canada solidified its leading share of the property and casualty market,” Dussault said in the text of a […]
1 min read
The cost for public companies to comply with Sarbanes-Oxley is higher than expected, according to a recent Government Accountability Office (GAO) report. The report, released by Republican senators Olympia Snowe and Michael Enzi, indicates companies are choosing to go private in order to sidestep the rules. In order to address the concerns, an official advisory […]
Canadian and U.S. forecasters warn the 2006 hurricane season, beginning June 1, 2006, will result in major storms – including about five major hurricanes with winds of 180 km-h or greater. Dave Phillips of Environment Canada says global warming may be causing the increase in severity and intensity of hurricanes. “We are seeing… almost a […]
Auto
New Brunswick-based car insurers will see higher profits than other Atlantic Canadian provinces that are exposed to rate regulations. The New Brunswick Insurance Board (NBIB) recently granted NB car insurers permission to earn these higher profits. This development stems from the NBIB’s approval of company rate applications including a 14% profit margin. This figure is […]
Odyssey Re Holdings Corp. (NYSE: ORH) reported investment and net income increases for 2006 Q1, as well as a significant improvement in its combined operating ratio (COR) over the same period last year. Odyssey Re reported net income available to common shareholders of US$149.7 million for 2006 Q1, compared to US$33.7 million last year. The […]
“Starlight Starbright make everything all right.” Over 600 generous guests helped The Fellows of the CIP Society’s 12th Annual Charity Gala exceed its goals – and truly become the event ‘where wishes and dreams can come true’ – with all proceeds going to the Starlight Starbright Children’s Foundation of Canada. Gala Chair and hostess for […]
4 min read
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Celebrating 25 years of "fun" at Peace Hills Insurance
By David Gambrill | May 31, 2006
6 min read
Echelon General Insurance Company recently introduced a new logo, brand, and communications program at a launch event. CEO Doug McIntyre introduced the new corporate brand to brokers and business partners, explaining that it represents the company’s strategic vision and would ultimately better position the company for growth and profitability. During the presentation, McIntyre attributed the […]
Trisura Guarantee Insurance Company has started up in Toronto, according to 2006 Q1 licensing data released by the Financial Services Commission of Ontario (FSCO).The company is licensed for the following lines of business: Boiler and Machinery, Fidelity, Legal Expense, Liability, Property and Surety.Trisura’s CEO is Robert E. Taylor. Glengarry Farmers’ Mutual Fire Insurance Company and […]
By Canadian Underwriter | May 31, 2006
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