Just two days after the Toronto Stock Exchange issued a temporary cease trade order on Ontario’s The Loyalist Insurance Group Ltd. citing the company’s failure to meet reporting requirements, the company has released results for the nine months ended September…
Pafco Insurance Co., writer of non-standard auto insurance, has received interim approval to start writing policies in Nova Scotia. The move is part of Pembridge’s plan to spin-off Pafco as a separate company to write high-risk policies and depopulate the…
Alberta-based broker network Western Financial Group says it has filed a prospectus with Canadian securities regulators to offer subscription receipts. The offering would apply to all provinces. The receipts will entitle holders to purchase one common share of Western stock…
The flurry of initial public offering activity amongst non-standard auto insurance carriers shows just how far this sector has rebounded following disastrous results from 1999-2001, notes a new report by A.M. Best. In a special “Then and Now” report on…
The Insurance Corp. of B.C. says two residents of the province have pleaded guilty to charges stemming from providing false information to the public auto insurer in two separate incidents. In the first case, Ahmad Reza Ahmadj of New Westminster,…
Igal Mayer has been appointed board chairman of the Insurance Bureau of Canada (IBC) for a two-year term. The Aviva Canada CEO is a chartered accountant, honorary CIP and graduate of the University of Toronto. Crawford Adjusters Canada has named…
Crawford Adjusters’ Jeff Bowman presents the “Virginia Crawford Distinguished Service Award” to Dawn Boyle, who accepted the award on behalf of her late husband, Jeff. Jeff Boyle was branch manager for Crawford’s claims management services operation in Victoria, BC, until…
With the world in general now getting back to the serious business of “business” after the yearend festivities, those in the property and casualty insurance industry are no doubt feeling a lot more optimistic than past years with regard to…
Forgive claims managers and independent adjusters if they boast. But given their ability to maintain high marks on claims surveys, despite the negative spotlight focused on the property & casualty industry, their confidence seems justified. As the industry moves into 2005, CU asks claims leaders to look ahead at what trends will shape the claims piece – overwhelmingly they say that the focus in 2005 will be on the customer, with claims hoping to become the industry’s “golden egg” in terms of winning back the confidence of consumers.
As the Ontario Insurance Adjusters Association (OIAA) builds up to its 75th anniversary year, which kicks off this July, association president Spencer Bailey says the focus will be squarely on helping adjusters learn new skills and sharpen old ones to address an industry in transition. Changing auto insurance legislation, privacy legislation and more have confronted adjusters over the past year, and Bailey says the OIAA’s membership is ready to answer the call of these challenges.
Leaking domestic oil tanks pose a persistent problem for insurers, particularly in Atlantic Canada and rural areas of Ontario and Quebec. The property and casualty insurance industry finds itself in the rare position of calling for more regulation on how oil tanks are installed, maintained and replaced in key provinces.
In the late 1800s, the Canadian federal government developed a residential school system to ensure the education of native children. As the Royal Commission on Aboriginal Affairs has pointed out, one flaw of this well intended plan was the fact that Canada looked to the U.S. for a working model. The goal was not to teach Indian children to read and write, but to ensure that by removing them from their home environment, they would be more easily integrated into white society.