Topic
Insurance
Feds publish draft regulations prohibiting banks from promoting unauthorized insurance on Web sites
February 14, 2011 by Canadian UnderwriterCanada’s Department of Finance has published proposed amendments that would prevent banks from promoting non-authorized insurance products on its Web sites.Also in its proposed amendments, the government would prohibit banks from carrying on business “adjacent to the premises of an…
Rogers Insurance Ltd. announces new staff appointments
February 14, 2011 by Canadian UnderwriterRogers Insurance Ltd., an employee-owned independent brokerage in Western Canada with 200 employees, has announced a number of new staff appointments. Karyn Fair has been appointed vice president of commercial lines. She has been with Rogers for seven years and…
B.C. Appeal Court orders re-trial after trial judge misapplies conversion of stolen property law in “chop shop” case
February 11, 2011 by Canadian UnderwriterFinding that a trial judge misapplied the law related to the conversion of stolen vehicles, the B.C. Court of Appeal has ordered a re-trial in a case involving a man accused of allowing his motor vehicle dealership to be used…
Ontario MPP Mike Colle launches petition to extend ban on credit scoring to personal property lines
February 11, 2011 by Canadian UnderwriterOntario Member of Provincial Parliament Mike Colle (Eglinton-Lawrence) has launched a petition calling for an extension of the ban on the use of credit scoring to personal property.Colle was vocal in the banning of the use of credit scoring in…
A.M. Best affirms ‘A’ financial strength rating for Fairfax subsidiaries
February 11, 2011 by Canadian UnderwriterA.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of ‘a’ of: Commonwealth Insurance Company (Vancouver, B.C.); Federated Insurance Company of Canada (Federated) (Winnipeg, Manitoba); Markel Insurance Company of Canada (Markel);…
Intact adopts shareholder rights plan
February 11, 2011 by Canadian UnderwriterIntact Financial Corporation has adopted a shareholder rights plan, effective Feb. 9.“The plan is intended to ensure the fair treatment of Intact’s shareholders in any transaction that would result in a change of control of the company,” the company announced…
FirstOnSite launches business preparedness program
February 11, 2011 by Canadian UnderwriterFirstOnSite Restoration has launched a national campaign to raise awareness of how unprepared many Canadian companies are to deal with manmade or natural disasters.The Priority Response Emergency Plan (PREP) is designed to help commercial companies be prepared in the event…
Everest Re Group expands further into Canadian market
February 11, 2011 by Canadian UnderwriterEverest Re Group has boosted its Canadian presence, acquiring Premiere Underwriting Services and some operations of Executive Risk Insurance Services Ltd.Premiere Underwriting Services is a Toronto-based managing general agent specializing in entertainment, sports and leisure related risks. Moving forward, Premiere…
Ontario Court of Appeal allows cross-claim, despite being beyond limitation period
February 10, 2011 by Canadian UnderwriterA defendant can still file a cross-claim for contribution and indemnity even after the limitation period of the plaintiff naming that individual has expired, Ian Gold, a founding partner of Thomas Gold Pettingill Lawyers, told delegates of the Ontario Insurance…
SGI cautions about potential toilet tank ruptures
February 10, 2011 by Canadian UnderwriterA certain kind of toilet tank manufactured by Crane Plumbing Corporation is a potential flood threat for homeowners, SGI Canada has warned in its January 2011 issue of Insurance Matters.SGI notes the low-profile toilet tank, manufactured between 1980 and 1991,…
Crawford & Company (Canada) announce two senior appointments
February 10, 2011 by Canadian UnderwriterCrawford & Company (Canada) has announced two appointments, one within its Contractor Connection operations and the other in its Class Action Services department.Michael Mooney is Crawford’s new vice president of Class Action Services.He joined the company in 2008, and in…
MPI pinpoints intersection collision hot spots
February 10, 2011 by Canadian UnderwriterManitobans seem to be in a rush to get to the weekend, with Fridays tending to see the most collisions – most of which are rear-end collisions – between 3 pm and 6 pm, according to Manitoba Public Insurance (MPI).MPI…