Gary McMillan is retiring from Chartis (Canada) in February 2012.McMillan has agreed to remain as a non-executive chairman of Chartis’s board of directors.His career with AIG began 36 years ago, in 1976, when the Commerce and Industry Insurance Company of…
The Traffic Injury Research Foundation (TIRF) will conduct a follow-up study to its recent report on female drunk drivers.TIRF released a report in December 2011 that found the number of women in the United States arrested for driving while intoxicated…
A New Jersey law intended to help police officers enforce graduated licence requirements has failed to lead to better compliance with the restrictions, an Insurance Institute for Highway Safety (IIHS) study has found. Since May 1, 2010, New Jersey has…
Insurance companies in Ontario are now turning down an increasing percentage of requests for the assessment and treatment of serious (non-minor) injuries sustained by motor vehicle accident victims, according to a survey of Ontario rehabilitation providers.The Alliance of Community Medical…
Aviva Canada is launching a corporate social media strategy that includes a presence on Facebook, Twitter, LinkedIn and a blog. The insurer’s Aviva Community Fund garnered 36,000 Facebook ‘likes’ and 3,600 Twitter followers since 2009, when the campaign was launched.…
CARSTAR Automotive Canada Inc. is launching a best practices program for its franchisees. The aim of the program Innovation Through Cultivation is to “foster innovation from the ground up and build upon best practices that are currently in operation at…
Ontario auto insurers received approval for an average rate change of 1.84% in 2011 Q4 when weighted by the market share, reported the Financial Services Commission of Ontario (FSCO). Roughly 45% of the market had rate changes approved. Rate filings…
Manitoba Public Insurance (MPI) reported its net income (after surplus distribution) dropped by $52.5 million for the first three quarters of 2011.MPI reported a profit of $89.4 million during the first three quarters of 2010, which dropped to $36.9 million…
An auto body mechanic who had a verbal agreement with his employer, no paycheque or any other written record of his employment – and who completed only two weeks of work before he was seriously injured in an auto accident…
Insurance companies need to break out of a classic, “chicken-and-egg” scenario to generate growth in a tough economy, a Deloitte LLP report says.The title of the report states its central thesis: 2012 Global Insurance Outlook: Generating growth in a challenging…
More than half of claims made against insurance brokers between 2007 and 2010 related to new business, prompting a warning shot across the bow to the industry to focus on the fundamentals even as pressure is high to write new…
The grounding of a luxury cruise liner off the coast of Italy could result in insured losses of up to EUR400 million (about Cdn$517 million), according to Guy Carpenter. The Costa Concordia ran aground off the coast of Isola del…