Operations
Canadian Finance Minister Jim Flaherty has reaffirmed his personal commitment to the Conservative Party’s platform to “maintain the current regulations governing insurance marketing by the chartered banks.”Currently the Bank Act does not allow banks to retail insurance products or distribute insurance information within their local branches. Flaherty noted as well, however, that the standing committee […]
By Canadian Underwriter | May 16, 2006
2 min read
Saskatchewan Government Insurance (SGI) and Manitoba Public Insurance (MPI) are teaming up to produce photo ID cards for drivers in both provinces. The SGI/MPI partnership is intended to provide Manitoba with a reliable, cost-effective replacement for its current photo ID card technology, which, SGI says in a press release, “is rapidly nearing the end of […]
April 30, 2006
The family of the late Arthur Despard has decided to postpone a previously-announced reception to celebrate his life. The family originally planned to hold a reception on Saturday, May 20 (what would have been Despard’s 73rd birthday). However, since this date is the start of the Victoria Day holiday weekend, the gathering for friends and […]
By Canadian Underwriter | April 28, 2006
1 min read
Members of the CertifiedFirst Network of collision repair centres advisory council elected Ken Friesen, president and CEO of Concours Collision Centres in Calgary, AB, to the position of chairman of the Council this April during the Council’s 4th annual meeting held in Vancouver, B.C.. Friesen offers over 35 years of experience in the collision repair […]
By Canadian Underwriter | April 19, 2006
Saskatchewan Government Insurance (SGI) and Manitoba Public Insurance (MPI) are teaming up to produce photo ID cards for drivers in both provinces.The SGI/MPI partnership is intended to provide Manitoba with a reliable, cost-effective replacement for its current photo ID card technology, which, SGI says in a press release, “is rapidly nearing the end of its […]
By Canadian Underwriter | April 10, 2006
Anthony Clark International Insurance Brokers Ltd. (TSX: ACL) has closed the CD$126,000.00 private placement of the Company at a price of CD$0.60 per unit. The private placement proceeds will be added to the Company’s working capital.Pursuant to the private placement, the Company has issued 213,500 Units (3,500 of these Units were issued to Canaccord Capital […]
By Canadian Underwriter | March 21, 2006
The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) in February issued a consultation paper that contains three recommendations for harmonizing best practices across the country so as to avoid conflict of interest situations. The Industry Practices Review Committee (IPRC) presented the recommendations to the CCIR-CISRO in the form […]
February 28, 2006
The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) have issued a third consultation paper that includes three recommendations for harmonizing best practices across the country so as to avoid conflict of interest situations. The Industry Practices Review Committee (IPRC) presented the recommendations to the CCIR-CISRO in the form […]
By Canadian Underwriter | February 13, 2006
A new six-month pilot with the goal to increase safety on Alberta highways recently commenced. The project, which aims to quell the growing concern of traffic safety, involves Provincial Protection Officers (PPOs) from Alberta Solicitor General and Public Security working with RCMP officers to perform traffic safety patrols.”This pilot project is one example of how […]
By Canadian Underwriter | February 3, 2006
Anthony Clark International Insurance Brokers Ltd. (TSX: ACL) recently implemented a non-brokered private placement of up to 334,000 units at a price of $0.60 per unit to raise gross proceeds of up to $200,400. The general insurance broker reports that each unit will be comprised of one common share and one share purchase warrant. The […]
By Canadian Underwriter | February 1, 2006
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