Auto
A Durham region mother of eight celebrated Mother’s Day early this year when KRG Children’s Charities presented her family with a wheelchair-access van.For Kari Murphy an exceptional mom to eight children, seven with special needs the van is essential as it will support her families day-to-day needs and their continual visits to The Hospital for […]
By Canadian Underwriter | May 9, 2006
1 min read
Risk
MFX recently entered into a three-year contract to manage all IT infrastructure and operations for the Matlen Silver Group, an integrated business and technology solutions provider headquartered in Somerset, New Jersey. Under the terms of the contract, Matlen Silver’s IT operations will be run from one of MFX’s high-security data center locations and will include […]
3 min read
Claims
Canadian and U.S. forecasters are warning the 2006 hurricane season, beginning June 1, will once again result in major storms including around five major hurricanes with winds of 180 km/h or greater. To date, the 2005 hurricane season is the most destructive on record. Damages resulted from a total of 27 named storms, 15 hurricanes […]
By Canadian Underwriter | May 8, 2006
Industry
The cost for public companies to comply with Sarbanes-Oxley is higher than expected, according to a recent Government Accountability Office report.The report, released by republican Senators Olympia Snowe and Michael Enzi, indicates that companies are choosing to go private in order to sidestep the rules. In order to address the concerns an official advisory committee […]
The Canadian Council of Insurance Regulators (CCIR) has accepted, subject to agreement from the Canadian Insurance Services Regulatory Organizations (CISRO), the recommendations made in a Feb. 13, 2006, joint CCIR and CISRO paper entitled Managing Conflicts of Interest: A Consultation Paper on Enhancing and Harmonizing Best Practices.The CCIR endorsed the three principles or outcomes suggested […]
2 min read
The CertifiedFirst Network of PPG Canada and Rollit Management Consulting, Inc. have entered into a strategic relationship to provide Rollit’s services to members of the CertifiedFirst ? Network of collision repair shops across Canada. Rollit Management Consulting provides a wide range of financial consulting services to mid-sized companies including financing, refinancing, mergers, acquisitions, and divestitures. […]
The first quarter 2006 net income for broker Aon Corporation (NYSE: AOC) has dropped slightly to US$198 million (US$0.57 per share) from its reported 2005 net income of US$200 million (US$0.59 per share). The net income fell as a result of:* restructuring charges of US$0.06 in first quarter 2006;* a US$0.07 gain in first quarter […]
By Canadian Underwriter | May 5, 2006
Home
Odyssey Re Holdings Corp. (NYSE: ORH) has elected Peter M. Bennett to serve on its board of directors. Mr. Bennett has more than 40 years of experience in the insurance industry. He was president of Canadian International Reinsurance Brokers from 1972 until 1984, when that company merged with LeBlanc Eldridge Parizeau to become BEP International. […]
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 be […]
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