Canadian Underwriter

Topic
Insurance


News InsuranceMergers and Aqcuisitions

U.S. insurance pricing “flat” in February: MarketScout

March 10, 2005 by Canadian Underwriter

Property & casualty insurance pricing was flat in February, according to data compiled by Dallas-based electronic insurance exchange MarketScout.MarketScout’s survey, which involves its national distribution system of more than 50,000 agents, found the composite renewal rate “as expiring” in February.

News Insurance

RSA Canada produces 96.6% combined ratio for 2004

March 10, 2005 by Canadian Underwriter

The Canadian operations of Royal & SunAlliance achieved a “significant turnaround” in 2004 to produce a combined ratio of 96.6%, compared to 102.9% in 2003. The Canadian operations achieved an underwriting profit of $39 million, with the company noting this

News Insurance

What’s new: In brief (March 10, 2005)

March 10, 2005 by Canadian Underwriter

Moody’s has raised the outlook on Aon Corp. to “stable” from “negative” on the back of the broker’s announcement of a US$190 million settlement with five agencies in three states for alleged conflicts of interest. Moody’s says the settlement represents

News InsuranceMergers and Aqcuisitions

IBC wants rethink of immobilizer regulation

March 9, 2005 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) says the proposed new regulations on electronic vehicle immobilizers announced today does not go quite far enough.Transport Canada has proposed regulations which would require passenger car and light-duty truck manufacturers to include electronic immobilizers

News Insurance

Mississippi remains worst legal jurisdiction in U.S.: Chamber

March 9, 2005 by Canadian Underwriter

In a survey of businesses, Mississippi continues to rank as the worst jurisdiction in terms of perceived legal fairness, according to the annual study of state liability systems published by the U.S. Chamber of Commerce’s Institute for Legal Reform.The ILR

News InsuranceMergers and Aqcuisitions

FSCO bulletin outlines underwriting restrictions

March 9, 2005 by Canadian Underwriter

A bulletin from the Financial Services Commission of Ontario (FSCO) outlines the provincial insurance regulators new rules on underwriting. The new regulations passed by the Ontario government restrict underwriting criteria and non-payment terminations.Regulation 664 has been amended to eliminate the

News Insurance

What’s new: In brief (March 09, 2005)

March 9, 2005 by Canadian Underwriter

The Risk & Insurance Management Society is established in its new location at 1065 Avenue of the Americas, 13th Floor, New York, NY, 10018. Phone and fax numbers and email addresses remain the same. FM Global’s ratings outlook has been

News InsuranceMergers and Aqcuisitions

20% of drivers "nod off" at the wheel: TIRF

March 8, 2005 by Canadian Underwriter

One in five drivers admits they have fallen asleep at the wheel at least once in the past 12 months, according to a "road safety monitor" study by the Traffic Injury Research Foundation (TIRF).In total 4.1 million Canadians admit to

News Insurance

Willis surprised by Minnesota AG’s lawsuit

March 8, 2005 by Canadian Underwriter

Upon hearing that Minnesota Attorney General Michael Hatch filed a lawsuit against Willis on Tuesday, the brokerage issued a statement saying the allegations that it has not provided all the information requested by Hatch "came as a complete surprise".Willis says

News Insurance

St. George’s to file for bankruptcy to stay proceedings in sex abuse civil cases

March 8, 2005 by Canadian Underwriter

The Roman Catholic Episcopal Corp. of St. George’s in Newfoundland has filed a notice of intent to file a bankruptcy proposal. The filing would stay proceedings in civil actions against the diocese, including those filed since 1991 on behalf of

News Insurance

What’s new: In brief (March 08, 2005)

March 8, 2005 by Canadian Underwriter

An Ontario Superior Court judge has turned down a move by several tobacco companies to recover legal costs from recent failed class action lawsuits filed by smokers in the province. The companies – Imperial Tobacco Ltd., Rothmans Benson & Hedges

News Climate ChangeInsurance

Chemical and oil/gas industries represent key industrial risk: Munich Re

March 7, 2005 by Canadian Underwriter

In its latest Schadenspiegel publication, Munich Re looks at some of the most significant industrial disasters in history and finds significant exposure coming from the chemical and oil/gas sectors.Data from European countries shows the majority of industrial incidents reported come