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A.M. Best upgrades RSA Group of Canada to ‘A’

January 25, 2010 by Canadian Underwriter

A.M. Best Co. has upgraded the financial strength ratings to ‘A’ (excellent) from ‘A-’ (excellent) of RSA Canada, Quebec Assurance Company and Western Assurance Company. Together, these companies form RSA Group of Canada. The outlook for the ratings is stable.“The

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Second annual Insurance Institute National Education Week March 1 5, 2010

January 25, 2010 The CIP Society

Events happening at participating Institutes and Chapters across Canada! * * * The Insurance Institute, the property and casualty insurance industrys premier source for professional development, is proud to announce its second annual Insurance Institute National Education Week from March

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Ontario court considers whether a judge or jury should hear cases involving multi-accident scenarios

January 22, 2010 by Canadian Underwriter

Is a jury capable of assessing damages in cases involving multi-accident scenarios, overlapping injuries and complicated medical evidence? The Ontario Superior Court was asked to consider the question in Hossny v. Belair Insurance, a complicated case in which an insured

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Janice Tomlinson receives inaugural WICC Lifetime Achievement Award

January 22, 2010 by Canadian Underwriter

Janice M. Tomlinson has received the inaugural Women In Insurance Cancer Crusade (WICC) Lifetime Achievement Award. The former president of Chubb Insurance Company of Canada and co-chair of WICC was presented the award at a retirement event in her honour

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What’s New: In Brief (January 22, 2010)

January 22, 2010 by Canadian Underwriter

The insurance industry’s resilience during the economic crisis needs to be emphasized in recruitment strategies, BestWeek reported.In an interview with BestWeek, LoriAnn Lowery-Biggers, the president of field operations for Navigators Marine Company Inc., stressed the importance of the industry’s stability

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Economic turmoil drives up securities lawsuit filings by 13%: Advisen

January 22, 2010 by Canadian Underwriter

Economic turmoil drove a surge in securities lawsuit filings in 2009, according to a new report from Advisen Ltd.  “The year saw securities lawsuit filings grow at a robust 13% rate, to 910 suits, eclipsing an already-elevated 2008 at 804

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Extended warranty is not “insurance:” Alberta court

January 21, 2010 by Canadian Underwriter

An extended warranty is not an insurance contract, the Court of Queen’s Bench of Alberta has decided.“In my view, the distinction between a warranty and insurance is that a warranty covers the risk that the covered product will fail due

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Manitoba Insurance Council re-examining supervision of Level 1 and Auto-only insurance agents

January 21, 2010 by Canadian Underwriter

The General Insurance Council of Manitoba is currently examining its policy requiring on-site supervision of ‘Level 1’ and ‘Auto Only’ general insurance agents. “Council acknowledges that in today’s technologically advanced environment, it is possible that ‘supervision,’ as required in accordance

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What’s New: In Brief (January 21, 2010)

January 21, 2010 by Canadian Underwriter

Her Majesty Queen Elizabeth II appointed Gregory Belton, chairman of HKMB Hub International, commander of the Royal Victorian Order (CVO). Established in 1896, the Royal Victorian Order is a dynastic order of knighthood and a house of chivalry that recognizes

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (January 21, 2010)

January 21, 2010 by Canadian Underwriter

Catlin Canada now underwrites D&O liability and has appointed Christopher Mutcheson as product manager for the line of business.Mutcheson was most recently employed as the assistant vice president of financial lines for Executive and Risk Services. He has prior underwriting

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SPECS Limited Opens New Branch Office in Fredericton, NB

January 21, 2010 SPECS (Specialized Property Evaluation Control Services)

Edmonton, AB January 14th, 2010 SPECS Limited, the countrys leading provider of independent property damage valuations and cost control services has opened a new office in Fredericton, NB. The strategic location and the placement of Wayne Mayo, Branch Manager, whose

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Janice M. Tomlinson Receives Inaugural Lifetime Achievement Award from Women in Insurance Cancer Crusade

January 21, 2010 Chubb Insurance Company of Canada

Toronto, ON, January 21, 2010 Janice M. Tomlinson, former President of Chubb Insurance Company of Canada was awarded the inaugural Women In Insurance Cancer Crusade (WICC) Lifetime Achievement Award at a retirement event in her honour on Wednesday, December 9th