Industry
The Canadian Agricultural Income Stabilization (CAIS) has recently received a number of changes to ensure the program is more responsive to the needs of producers, which represent 149,258 individuals nationwide. The CAIS increasingly offers significant assistance to CAIS producers, helping them to protect their farm income (eligible income minus eligible expenses) from both small and […]
By Canadian Underwriter | June 16, 2005
2 min read
Claims
Integro USA an insurance brokerage firm offering brokerage and risk management services recently appointed John Chippindale as the new managing director and president of Integro Canada. Chippindale is another ex-Marsh Canada employee the New York-based firm has recruited to its team. Most recently, Chippindale served for two years CEO of Global Consumer and Commercial Business […]
By Canadian Underwriter | June 15, 2005
1 min read
An international treaty has recently been developed to protect the Antarctic environment and under this pact, anyone who causes an environmental accident in the region will be held liable, according to the government of New Zealand the country chaired negotiations surrounding the international treaty. “The treaty requires anyone who causes an environmental accident in Antarctica […]
Environment Canada recently issued two tornado warnings for southwestern Ontario due to a report from a Ontario Provincial Police officer referencing a tornado touching down northeast of Fergus, Ontario and further reports that a tornado touched down in Elmvale.A funnel cloud also emerged around Bracebridge, but it has not touched down, according to Environment Canada […]
Two recent court rulings have ordered two insurance company’s Citadel General Assurance Co. and Lumbermens Mutual Casualty Co. to pay almost $1 million in damages for two unrelated lawsuits representing appeals for two incidents that both occurred in 1999. Citadel is the auto insurer for Toronto teenager Michael Vytlingam’s family. In 1999, a boulder, that […]
Flood registration centers recently opened to assist Albertans who have been impacted by recent flooding. Claims can be made at any registration center call 1-888-671-1111 for more information on the claims process. The $55 million disaster recovery program covers damage for homeowners, tenants and small businesses in cases where insurance is not readily and easily […]
A coalition of over 100 insurers, financial institutions, agent groups and trade associations have called on the Senate Banking Committee in support of an optional federal charter for insurers. The coalition recently requested a federal regulator oversee the industry because they report that the current state system is nothing more than a burden to insurers […]
By Canadian Underwriter | June 14, 2005
Risk
Increasingly, the onus is on management level executives in the insurance industry to learn how to use groundbreaking insurance tools to maintain and control company risk and, according to consensus at Standard & Poor’s recent conference “Insurance 2005: Under the Microscope” they are doing just that. “To survive, companies need robust and dynamic risk-management processes,” […]
Shumka Craig & Moore Adjusters Canada Ltd. (“SCM”) has acquired Custard Insurance Adjusters Canada Inc. (“CIA”), providing the independent, Edmonton-based firm with over 60 branches nationwide. CIA adds 11 Ontario branches to SCM’s roster, helping to solidify its standing as one of Canada’s top three independent insurance adjusting firms.”Not only will our Ontario operation benefit […]
According to a recent compensation and benefits survey, conducted by the Business management Group Inc. (BMG), larger insurance agencies are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist. BMG’s ‘2005-2006 Non-Producer Compensation & Benefits Survey’ reports signs of an evolution in risk management with […]
By Canadian Underwriter | June 13, 2005
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