Topic
Insurance
User group formed to help HCAI transition from a project into an operation
October 27, 2010 by Canadian UnderwriterHCAI has successfully processed more than 750,000 OCF forms and the system is nearing the end of its enrollment phase. HCAI moves from a project to an operation as of January 2011. In anticipation of this transition, an insurer user…
WINMAR and DKC Canadian Esporta Exclusivity Comes to an End
October 27, 2010 Canadian Underwriter magazineOctober 25, 2010 – Kelowna, BC – It was announced today that the Esporta Wash System exclusivity agreement with WINMAR Property Restoration Specialists and Disaster Kleenup Canada has come to an end. In 2007 WINMAR and DKC signed an agreement with…
OSFI calls on insurers’ actuaries to account for changes in estimated claims liabilities
October 26, 2010 by Canadian UnderwriterCanada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is requiring the actuaries of property and casualty insurance companies to account for changes in the insurers’ estimated claims liabilities.This change will affect the standard annual filing of…
Just a few steps separate slip-and-fall liability from accident benefits
October 26, 2010 by Canadian UnderwriterJust a few steps can mean the difference between a slip-and-fall case and auto insurance accident benefits payments, as illustrated in an arbitration decision issued by the Financial Services Commission of Ontario (FSCO).In Fee Nung Wong and St. Paul Fire…
Solvency II implementation likely to constrain regulatory capital: Willis Re
October 26, 2010 by Canadian UnderwriterThe impact of Solvency II will be “profound” on the (re)insurance market, as most companies will likely find their regulatory capital constrained for the first time, Willis Re reported.Though Solvency II is being implemented in Europe, Willis Re suggests its…
AMF launches proceedings against unlicensed firms distributing policies on behalf of “non-existent” insurer
October 26, 2010 by Canadian UnderwriterThe Autorité des marchés financiers (AMF) launched penal proceedings against Water Safety Services (WSS), International Water Safety Foundation (IWSF) and Alexandre Beaudoin Bonotto, president of WSS, for allegedly issuing insurance certificates without being licensed.An AMF investigation found that IWSF, a…
Move to more open licensing issuance in Saskatchewan may allow directs, banks to purchase brokerages: IBAS
October 25, 2010 by Canadian UnderwriterThe Insurance Brokers Association of Saskatchewan (IBAS) is anticipating a meeting with Tim McMillan, the minister responsible for Saskatchewan Government Insurance (SGI), about the government’s proposed plan to allow the province’s motorists to obtain licenses from agencies that do not…
Increased risk exposure for hospitality establishments that fail to prevent assaults: lawyer
October 25, 2010 by Canadian UnderwriterThere is an increasing risk exposure for larger commercial hospitality establishments that fail to prevent assaults, according to Lorne Folick, senior partner at Dolden Wallace Folick LLP.Folick, an insurance defence counsel in B.C., was discussing liquor liability, waivers and damage…
ACE marks 25th anniversary with global day of service
October 25, 2010 by Canadian UnderwriterACE Canada observed the 25th anniversary of its parent company, ACE Group, by participating in a global day of service.More than 7,500 ACE employees in 46 countries participated in more than 200 volunteer projects on Oct. 22.In Canada, ACE employees…
Chesterfield Canada sponsors OHL hockey player
October 25, 2010 by Canadian UnderwriterChesterfield Canada Inc. has announced its sponsorship of Ontario Hockey League Player Dalton Smith.Smith is in his second season with the Ottawa 67’s. He has scored 21 goals and added 23 assists for 44 points in 62 games.“What attracted us…
Blogging a great way to build brand loyalty, attract new customers: Social media expert
October 25, 2010 by Canadian UnderwriterOnline blogging is now more important than ever for attracting new clients and building consumer loyalty to a brand, according to Web consultant and journalist Amber MacArthur. MacArthur, who hosts the CP24 television program Web Nation, was speaking on the…
Chesterfield Canada Inc. Ontario Hockey League Sponsorship
October 25, 2010 Chesterfield Canada Inc.Chesterfield Canada Inc., a specialist independent Wholesale Broker, part of the Chesterfield Group, a Lloyd’s broker, today announced their Sponsorship of a second year OHL Player in the Ottawa Hockey League. Mr Dalton Smith is in his second season with…