MEA Forensic has appointed Xaine Bhatia as its business development specialist in Ontario. Bhatia has more than 13 years of experience in business development, project management and communications. She has a Masters degree from the University of Toronto.“This unique combination…
The Canadian P&C industry is not even on the cusp of a hard market, despite analysts’ predictions, said Philip Cook, CEO of Omega General Insurance Holdings.Cook offered his projections for 2011 at the Insurance Institute’s ‘Annual Industry Trends Breakfast’ breakfast…
New Brunswick’s provincial government has appointed prominent Tory lawyer Michel C. Leger of Shediac, New Brunswick to chair a working group established to review the existing cap and definition covering soft tissue automobile injuries in New Brunswick.Other members named to…
Canadian Manufacturers & Exporters (CME) and Zurich Canada have formed a strategic business alliance that will provide CME members with a suite of insurance products. As CME’s preferred business insurance provider, Zurich Canada is offering additional manufacturing insurance coverages at…
Buoyed by strong investment returns and continued expansion and upgrading of Manitoba’s vehicle fleet, Manitoba Public Insurance (MPI) is reporting a $91.4-million profit for the nine months ended Nov. 30, 2010, compared to net income of $24.9 million for the…
Manitoba Public Insurance (MPI) has selected Mitchell International Inc.’s TechAdvisor for its source of real-time collision repair reference data for all of its service centres. Mitchell’s online portal will give MPI estimators access to OEM repair procedures – along with…
Investment income boosted the Canadian property and casualty industry’s financial results in 2010 by more than 11%, but two-thirds of that investment income was generated through the investment of “static” excess capital, said Philip Cook, CEO of Omega General Insurance…
Risk managers should be careful not to “over-treat” their company’s risks, panelists told an Ontario Risk and Insurance Management (ORIMS) seminar in Toronto on Jan. 12.Panelists defined “treating” risks as modifying the source of risk, as opposed to controlling or…
Personal auto insurance quotes in Ontario increased 9.5% in 2010 Q4, while decreasing 4.9% and 0.4%, respectively in Quebec and Alberta when compared to 2009 Q4, reported kanetix.ca.Kanetix’s rate review is determined by taking an average of all the quotes…
Risk managers monitoring risk management plans need to be mindful that organizations’ executives are feeling over-monitored in the wake of the financial crisis of 2008-09. As a result, if risk managers can think of any ways to reduce redundancy in…
The frequency and severity of risks to global stability have amplified, while the financial crisis has drained the ability of global governance systems to deal with shocks, according to the World Economic Forum (WEF)’s Global Risks 2011, Sixth Edition.“Twentieth century…
Floods ravaging large swaths of the Australian state of Queensland will likely trigger insured losses in the billions, according to unnamed sources in an Australian newspaper. If so, this would make the floods one of the costliest catastrophes to hit…