Risk
Derek Iles has taken over the reins of ING Insurance, part of a corporate restructuring at ING designed to make life easier for the broker channel
By Vanessa Mariga | March 31, 2007
4 min read
Seemingly innocuous changes to the Insurance Companies Act in Bill C-37 may cause parent reinsurance companies operating outside Canada to question whether they will need to have a Canadian base in which to operate, according to Omega Insurance Holdings president and CEO Philip Cook. Cook was the keynote speaker at the ‘Industry Trends Breakfast,’ held […]
By David Gambrill | March 31, 2007
5 min read
More than just providing peace of mind in commercial land transactions, commercial title insurance can also help reduce corporate directors' liability exposures
By Eric C. Haslett, Assistant Vice President, Commercial Division, First Canadian Title | March 31, 2007
Those “record” profits insurers posted for 2006 will come in handy by the end of 2007, if the weather during the early part of this El Nino year is any indication. True to predictions, 2007 is turning out to be tough on insurers’ catastrophe lines – and as of this writing we aren’t even out […]
By David Gambrill, Editor | March 31, 2007
3 min read
Overall, 2006 has been a “very strong year” financially for the Canadian property and casualty industry, the Insurance Bureau of Canada observed at the Swiss Re Canadian Insurance Outlook Breakfast in Toronto. If there is a cloud in the silver lining, however, it was reserve trends. The insurer’s use of reserves last year suggest the […]
March 31, 2007
2 min read
Manitoba Public Insurance (MPI) has a new list of cars that are at the most risk of being stolen, according to a CBC online report, and they include new cars that should have had electronic ignition immobilizers installed at the factory. “The new list from [MPI]…includes 11 categories of cars sold in 2005 or later,” […]
1 min read
Crawford Adjusters Canada Incorporated announced the change of its corporate name to Crawford & Company (Canada) Inc, effective immediately. The removal of the word ‘adjusters’ from Crawford’s name will allow all divisions of the company to be united under a single brand name. The new name will also keep Canadian operations in step with its […]
7 min read
In a relatively calm market, marked by the absence of any dominant national issues, provincial brokers associations are doing a little "housecleaning" by addressing provincial concerns. Individual provincial brokers appear poised in 2007 to spend some quality "me time," using the current soft market to attempt to resolve a broad array of local and regional issues.
13 min read
ICBC is structuring its rates over the next two years so that lower-risk drivers will be paying lower rates, while higher-risk customers will pay higher rates. “Higher rates for high-risk drivers means benefits for good drivers,” said Paul Taylor, ICBC’s president and CEO. “Drivers need to drive more safely or they will pay higher premiums.” […]
One in three global businesses see loss of data as a significant threat and a key issue to address in operational risk management planning, according to the latest global risk report conducted by the Economist Intelligence Unit (EIU) and sponsored by ACE European Group (ACE). The survey of 181 senior executives and risk professionals revealed […]
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