Risk
Consider using third-party information specialists when seeking out new claims technology
By Rob Gow, President and CEO ISB Canada | April 30, 2006
5 min read
The Women in Insurance Cancer Crusade (WICC) welcomes Michael Butler, national insurance and services manager for PPG Refinish Canada, to the position of chair of the Chapter & Industry Relations Committee. Butler offers 18 years of experience in the collision repair marketplace, including OEM parts marketing, insurance vendor relations, and collision banner growth. Throughout his […]
April 30, 2006
A.M. Best changes catastrophe test
2 min read
Three Canadians will serve on the Risk and Insurance Management Society, Inc. (RIMS)’s board of directors in 2006-07.Two Canadians newly voted onto the RIMS board of directors include: Joseph A. Restoule (RIMS Secretary and board director). Roule is a senior risk consultant for the NOVA Chemicals Corporation, and is a member of the RIMS Southern […]
By Canadian Underwriter | April 25, 2006
The Financial Services Commission of Ontario (FSCO) approved Ontario private passenger auto insurance rates decreases that averaged -.071% during the first quarter of 2006.In contrast, the average rate changes approved for the first, second, third and fourth quarters of 2005 were -1.12% (representing 7.50% of the market), -1.62% (representing 45.79% of the market), -1.62% (representing […]
By Canadian Underwriter | April 20, 2006
Moody’s Investors Service says the recent classification of E-CAPS in the United States as an equity security, rather than a bond or preferred stock, will have capital requirement implications for insurers holding the security. The Securities Valuation Office of the NAIC recently made the ruling on Enhanced Capital Advantage Preferred Securities (E-CAPS), which are a […]
By Canadian Underwriter | April 17, 2006
1 min read
Kingsway Financial Services is seeking opportunities for growth through acquisitions in 2006, the company reported in its 2005 annual report. Kingsway’s primary business is the insuring of automobiles for drivers who do not meet the criteria for coverage by standard automobile insurers. It also operates in the standard automobile, property, motorcycle and other specialty markets.”We […]
Developing principles concerning conflict of interest, developing a model for privilege and whistle-blowing protection and streamlining agent and broker licensing in Ontario are among the Financial Services Commission of Ontario (FSCO)’s priorities for 2006.Section 11 of the FSCO Act requires the commission to deliver to the Minister of Finance and publish a statement setting out […]
By Canadian Underwriter | April 12, 2006
After receiving ratings downgrades from Standard & Poor’s Rating Services, management at PXRE Group Ltd. (NYSE:PXT) has requested S&P’s withdraw its ratings on the Company and its affiliates.PXRE Group and PXRE Corp.’s counterparty credit ratings were recently lowered by S&P’s to ‘BB-‘ from ‘B+.’ In addition, S&P’s removed the ratings on PXRE Group and PXRE […]
Fitch Ratings has affirmed and removed all of its ratings on American International Group, Inc. (AIG) and subsidiaries from watch negative, which it originally place in March 2005. In addition, Fitch has assigned ‘AA’ Issuer Default Ratings (IDRs) to AIG and several of its downstream holding company subsidiaries. The Rating Outlook is Stable. Fitch says […]
By Canadian Underwriter | April 11, 2006
3 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
