Industry
Co-operators General Insur-ance (TSX: CCS.PR.A) Company’s financial results for the second quarter represent a consolidated after-tax net income of $32.4 million, compared to $38.0 million income for the same period in 2004. Gross written premium in the second quarter increased 0.9% to $578 million, compared to $573 million in the second quarter of 2004. The […]
July 31, 2005
1 min read
Kingsway Financial Services Inc. financial results for the second quarter and six months ended June 30, 2005 indicate that the Company’s net income increased 10% to $36.7 million compared to $33.3 million in the second quarter of 2004. The Company set a record net income for the six months ended June 30, 2005 of $83.5 […]
Auto
The Insurance Corporation of British Columbia’s (ICBC) net income for the second quarter of 2005 was $164 million, a slight decrease from $167 million for the comparable period last year. “The average cost of injury claims continues to be an area of concern,” Paul Taylor, ICBC’s president and CEO, says. Taylor adds that the increase […]
Premiums in the commercial insurance industry continued along the path of an 18-month long down market, according to the RIMS Benchmark Survey – compiled by Advisen Ltd. – yet the market suggests it may still be poised for a change. Renewal prices balanced between stabilization and a slight increase for some lines of business, but […]
2 min read
Risk
Bad weather driving conditions result in a 70% increased risk of injury-related auto collisions between urban Canadian drivers, according to a report recently released by the Institute for Catastrophic Loss Reduction (ICLR). Presented by Jean Andrey, associate dean of geography at the University of Waterloo, the report – “Toward a National Assessment of the Travel […]
Financial costs incurred by companies as a result of auto crashes can leave employers paying for too much, including temporary staff and wages during recovery, recruitment and training costs and unrecoverable vehicle costs.A new ICBC-supported road safety program, dubbed MISSION POSSIBLE @ Work, will help employees improve driver knowledge and attitudes and help reduce crashes, […]
By Canadian Underwriter | July 29, 2005
RenaissanceRe Holdings Ltd. along with current and former executives were recently served a shareholder lawsuit filed by investors claiming they were misled about the firm’s true financial condition.Goodkind Labaton Rudoff & Sucharow L.L.P. and Philadelphia-based Goldman Scarlato & Karon P.C. jointly filed the complaint, which names Pembroke, Bermuda-based RenaissanceRe, James N. Stanard, chairman and chief […]
Enterprise risk management is increasingly important as a tool to analyze and confront risks with 91% of risk management executives approximately 247 of the 271 surveyed by the Conference Board and risk management consulting firm Mercer Oliver Wyman inclined toward accepting ERM or actively preparing, developing or implementing the practice. While the practice has gained […]
Co-operators General Insurance Company’s financial results for the second quarter represent a consolidated after-tax net income of $32.4 million, compared to $38.0 million income for the same period in 2004.Gross written premium in the second quarter increased 0.9% to $578 million, compared to $573 million in the second quarter of 2004. The claims ratio for […]
Many women business owners are willing to take substantial risks to ensure the success of their business, according to a new study from the Center for Women’s Business Research underwritten by Wells Fargo. “Women Entrepreneurs Savvy About Risk,” says women business owners are much more willing to take risks in running their businesses than in […]
By Canadian Underwriter | July 28, 2005
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