Patrick Lundy is the newly appointed chief agent and CEO for Zurich Canada. Lundy replaces Alister Campbell, who departed the company in February. Since starting his career in the insurance industry 15 years ago, Lundy has held various executive management…
About 95% of major corporations have suffered at least one major reputation crisis in the last 20 years, but less than 10% of these events are insurable, according to Willis Group Holdings. Phil Ellis, CEO of Willis Global Solutions Consulting…
The New Brunswick Union of Public and Private employees believes public auto insurance is one way to address the province’s budget woes. The union represents 8,500 workers in the public, private and manufacturing sectors. In a statement online, the union…
Frank Cowan Company, a provider of Canadian municipal, health care, education and community service insurance solutions, has introduced a new insurance program for health care organizations and professionals called Health & Wellness. “We understand that a one-size-fits-all policy is of…
CARSTAR Automotive Canada Inc. has added two new Ontario locations: CARSTAR Milton Service Centre and CARSTAR Newmarket – both part of the LC Group of CARSTAR Collision Centres. The LC Group of CARSTAR Collision Centres includes partners Ian Ladd and…
Giffin Koerth is pleased to welcome Tom Pepper to the Civil Engineering Group. Tom has a Bachelor of Engineering in Electrical Engineering degree from Carleton University and joins us with over 6 years of relevant experience. For more information on…
The B.C. Coroners Service has just completed a detailed study of fatal motor vehicle crashes in the Interior of the province, which shows a high proportion of those who died were not wearing seatbelts. “Although numerous studies by the RCMP…
The recurrence of major floods in parts of Western and European are shifting from 1-in-100 year events to 1-in-50 year events, according to Evo Banovshy, director the risk management group at Intermap. Banovshy presented Intermap, a company that collects radar…
The Co-operators General Insurance Company reported a net income of $150.3 million in 2011, an increase from its net income of $72.7 million reported in 2010. “Significant improvements year over year can be attributed to favourable claims experience in the…
Fairfax Financial Holdings Limited (TSX: FFH; FFH.U) reported net earnings of $45.1 million for 2011, marking a sharp drop from 2010’s net earnings of $335.8 million. Fairfax cited weak underwriting results, primarily arising from an “unprecedented” severity of large catastrophe…
B.C.’s privacy commissioner says the Insurance Corporation of B.C. (ICBC) should not have offered up its facial recognition technology last year to help police identify participants in the June 2011 Stanley Cup riots. “With respect to ICBC’s offer to assist…
Of the existing models for flood insurance, the UK has the model best suited for the Canadian market and the US the least, said Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR). Kovacs spoke as a…