Canadian Underwriter

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News InsuranceMergers and Aqcuisitions

Deductible ruling reversed by Ontario court

June 16, 2005 by Canadian Underwriter

The Appeal Court of Ontario has instigated the filing of numerous nationwide class-action suits with its recent ruling that an insurer should pay the full value of a destroyed vehicle if it keeps the remains for salvage value.This ruling means

News InsuranceMergers and Aqcuisitions

Bait Car program may save insurers money

June 16, 2005 by Canadian Underwriter

Insurers may soon see a decrease in auto theft claims as recent initiatives by B.C. police take flight, right along with criminals in the act. According to media reports, lower mainland B.C. police have implemented a fleet of ‘bait cars,’

News Insurance

Swiss Re’s P & C business remains strong

June 16, 2005 by Canadian Underwriter

Swiss Reinsurance has reported its property & casualty business remains highly profitable, anticipating a year-end combined ratio for its P & C units of approximately 96%. At its recent investors’ day in New York, the Company also reported that its

News Insurance

What’s New: In brief (June 16, 2005)

June 16, 2005 by Canadian Underwriter

The Canadian Agricultural Income Stabilization (CAIS) has recently received a number of changes to ensure the program is more responsive to the needs of producers, which represent 149,258 individuals nationwide. The CAIS increasingly offers significant assistance to CAIS producers, helping

News Insurance

What’s New: In brief (June 16, 2005)

June 16, 2005 by Canadian Underwriter

The Canadian Agricultural Income Stabilization (CAIS) has recently received a number of changes to ensure the program is more responsive to the needs of producers, which represent 149,258 individuals nationwide. The CAIS increasingly offers significant assistance to CAIS producers, helping

News Climate ChangeInsurance

Integro Canada recruits another ex-Marsh to its team

June 15, 2005 by Canadian Underwriter

Integro USA an insurance brokerage firm offering brokerage and risk management services recently appointed John Chippindale as the new managing director and president of Integro Canada. Chippindale is another ex-Marsh Canada employee the New York-based firm has recruited to its

News Climate ChangeInsurance

Antarctic polluters liable for environmental damage

June 15, 2005 by Canadian Underwriter

An international treaty has recently been developed to protect the Antarctic environment and under this pact, anyone who causes an environmental accident in the region will be held liable, according to the government of New Zealand the country chaired negotiations

News Climate ChangeInsuranceMergers and Aqcuisitions

Tornadoes and tsunami’s threaten Canadian residents

June 15, 2005 by Canadian Underwriter

Environment Canada recently issued two tornado warnings for southwestern Ontario due to a report from a Ontario Provincial Police officer referencing a tornado touching down northeast of Fergus, Ontario and further reports that a tornado touched down in Elmvale.A funnel

News InsuranceMergers and Aqcuisitions

Auto insurers to pay $1 million for indirect auto claims

June 15, 2005 by Canadian Underwriter

Two recent court rulings have ordered two insurance company’s Citadel General Assurance Co. and Lumbermens Mutual Casualty Co. to pay almost $1 million in damages for two unrelated lawsuits representing appeals for two incidents that both occurred in 1999. Citadel

News Climate ChangeInsurance

What’s New: In brief (June 15, 2005)

June 15, 2005 by Canadian Underwriter

Flood registration centers recently opened to assist Albertans who have been impacted by recent flooding. Claims can be made at any registration center call 1-888-671-1111 for more information on the claims process. The $55 million disaster recovery program covers damage

News Insurance

Insurance coalition requests federal intervention

June 14, 2005 by Canadian Underwriter

A coalition of over 100 insurers, financial institutions, agent groups and trade associations have called on the Senate Banking Committee in support of an optional federal charter for insurers. The coalition recently requested a federal regulator oversee the industry because

News Insurance

Insurance management learn good business strategy

June 14, 2005 by Canadian Underwriter

Increasingly, the onus is on management level executives in the insurance industry to learn how to use groundbreaking insurance tools to maintain and control company risk and, according to consensus at Standard & Poor’s recent conference “Insurance 2005: Under the