Topic
Insurance
What’s New: In Brief (March 09, 2010)
March 9, 2010 by Canadian UnderwriterPartnerRe expects the total insured industry losses from the Feb. 27, 2010 earthquake in Chile to be between $6 billion and $10 billion. The company expects its claims relating to the earthquake to be between $220 million and $320 million.The…
What’s New: In Brief (March 09, 2010)
March 9, 2010 by Canadian UnderwriterIntact Insurance is congratulating the winners of the 37th annual Canadian Sport Awards, which honour athletic excellence and leadership.The company was a premier sponsor of Speed Skating Canada, and is sending additional congratulations to members of the national team. Christine…
Canadian P&C companies back into an underwriting profit in 2009: SCOR Report
March 9, 2010 by Canadian UnderwriterThirty-nine Canadian P&C insurers canvassed in The 2009 SCOR Report reported a collective underwriting profit of $213 million in 2009, up from a collective underwriting loss of $196.3 million in 2008.Although the 2009 underwriting result represented a significant improvement over…
Advocis calls on CCIR for improved implementation of harmonized rules
March 8, 2010 by Canadian UnderwriterAdvocis, The Financial Advisors Association of Canada, is calling on the Canadian Council of Insurance Regulators (CCIR) to find some way to better harmonize the nation-wide implementation of its regulatory solutions.“There has been much progress on developing, through national organizations,…
Direct writer association challenges New Brunswick’s ban on use of credit scores
March 8, 2010 by Canadian UnderwriterThe Canadian Association of Direct Response Insurers (CADRI) has appealed to New Brunswick’s premier and minister of justice and consumer affairs to oppose the province’s proposed ban on the use of credit by home and auto insurers.The provincial government tabled…
What’s New: In Brief (March 08, 2010)
March 8, 2010 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) intends to host more than 50 road show events to educate brokers about the amended automobile insurance regulations. “We are very pleased with the amendments,” stated IBAO CEO Randy Carroll. “Ontario brokers are…
More regulatory oversight required for massive companies: Conference Board of Canada
March 8, 2010 by Canadian UnderwriterGovernments should limit the systemic risks posed by organizations deemed “too big to fail” through increased regulatory oversight, argues the Conference Board of Canada (CBC).Lessons from the Recession and Financial Crisis: “Too Big to Fail” Means Too Big is part…
instouch Announces Integration with Facebook and Twitter
March 8, 2010 Canadian Underwriter magazineAnnouncing: Facebook Integration to instouch New feature! We recently added Facebook integration to instouch.com. Now instouch members can share their favorite posts, photos, events, videos and status updates directly on Facebook. Members can now just look for the Facebook logo…
Over 200 new jobs to view at i-hire.ca. Industry employers and recruiters can post positions for free!
March 8, 2010 Canadian Underwriter magazineAs a free service to help bring the insurance industrys employers and job seekers together faster, www.i-hire.ca (owned and operated by Canadian Underwriter magazine) is offering all employers and recruiters FREE job postings at i-hire.ca. Insurance Industry Employers and recruiters…
Federal Budget allows credit unions to grow, compete federally
March 5, 2010 by Canadian UnderwriterCanada’s federal budget would allow credit unions to become national, thus allowing them to grow and compete with banks — but will it also allow them to compete with insurers?In its budget documents, the Department of Finance Canada says it…
Canadian Direct announces record quarterly profit in 2010 Q1
March 5, 2010 by Canadian UnderwriterCanadian Western Bank Group, which owns Canadian Direct Insurance Incorporated (Canadian Direct), a subsidiary that provides personal auto and home insurance to customers in B.C. and Alberta, reported a record quarterly profit in 2010 Q1.Canadian Direct Insurance Incorporated (Canadian Direct)…
What’s New: In Brief (March 05, 2010)
March 5, 2010 by Canadian UnderwriterThere were approximately 20% fewer claims reported during the 2010 Winter Games than during the same time period in 2009, according to the ICBC.The observation is based on preliminary numbers.“We put a plan in place to deal with an anticipated…