Risk
The personal lines sector is expected to remain stable for 2006 despite the losses stemming from 2005’s aggressively violent hurricane season, according to a new report from Standard & Poor’s. However, the report titled, “2006 Outlook: Personal Lines Insurance Sector Remains Stable Despite Hurricane Losses,” also states that it is likely that the profitability of […]
December 31, 2005
1 min read
Auto
Although drivers in Canada are more frequently switching to the use of winter tires during the snowy months, only 29% of Ontario drivers make use of winter tires, according to a recent study by the Canadian Press and Leger Marketing. The results of the study, released by the Transport Canada and the Rubber Association of […]
2 min read
The KRG Insurance Group has appointed five new additions to its team. Paul Martin, CIP, president and chief operating officer, welcomes: Dave Potter, CRM, to the position of vice president of commercial lines and claims; Lyna Newman, FCIP, CRM to the position of vice president of human resources and operations; Christina Martin, CIP, CAIB, CRM […]
4 min read
The Region of Peel is pilot-testing a new initiative this winter, the Road Temperature Monitoring System, to help monitor winter road conditions. The system uses a series of round road markers the size of hockey pucks to advise winter control staff of pavement temperatures approaching the freezing point. “Air temperature and road temperature are not […]
Industry
The staff of Canadian Underwriter would like to wish everyone a happy, safe holiday season and a healthy and prosperous New Year.
By Canadian Underwriter | December 22, 2005
William J. Sutton & Co., along with Gerber Life Insurance Co., are pleased to announce a new term life product specially designed for Canadian expatriates and Canadian residents with extensive international travel exposure.”International travel and worldwide residency have posed some very difficult challenges to the life insurance industry in recent years,” according to a press […]
According to The Road Safety Monitor the Traffic Injury Research Foundation’s national public opinion poll fewer Canadians are driving after drinking, but the problem still persists.The poll shows that the vast majority (85%) of Canadians haven’t driven after drinking at any time during the past month. As well, an overwhelming majority (93%) said they have […]
Kingsway Financial Services Inc. (TSX:KFS) recently appointed three individuals to executive positions within the company. President and chief executive officer William G. Star announced that Laura Foster has been appointed to the position of vice president, Internal Audit and Corporate Compliance and that Andrew Wright has been appointed to the position of vice president, Reinsurance […]
The insurance industry must not only recover from hits to its earnings and capital resulting from catastrophic events but it must also increase its capacity to meet expected demand, according to a recent article published by Standard & Poor’s Ratings Services. The report “Credit FAQ: Rating The Reinsurance Startups” says this is what is currently […]
By Canadian Underwriter | December 20, 2005
Canada’s home, car and business insurers recently released their annual Top Ten Insurance Crimes list, which includes: too many encores; pirate shipping; fender bender fraud; the chop shop king; field of schemes; phantom injuries; too good to be true; persistence doesn’t pay; the invisible workers; and, very bad advice. The annual list highlights the year’s […]
5 min read
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