Crawford Cares has donated more than $80,000 to Women in Insurance Cancer Crusade (WICC). Crawford & Company (Canada) CEO John Sharoun presented a cheque for $80,661.95 during a luncheon hosted in honour of WICC on Feb. 9. In years past,…
The Joint Liquidators (JLs) of Dyoll Insurance Company Limited have commenced proceedings in the Supreme Court of Jamaica against Aon Benfield Canada ULC (formerly known as Aon Re Canada Inc.), seeking damages amounting to roughly US$19.9 million.In a Jan. 27,…
The Insurance Bureau of Canada (IBC) has released a voluntary Code of Conduct related to insurers’ use of credit-based insurance scores.The code applies to personal insurance only, including auto, homeowner, motorcycle, mobile homes and non-commercial dwelling fire insurance policies. The…
A.M. Best Co. has affirmed Echelon General Insurance Company’s financial strength rating of B++ (good) and issuer credit rating (ICR) of ‘bbb+.’EGI Financial Holdings (EFH), Echelon’s publicly traded parent, also had its ICR of ‘bb+’ affirmed.The outlook for all ratings…
At $24 billion, insured losses in 2009 were the lowest they have been since 2006, in part due to relatively low losses for weather events and a quiet hurricane season, according to Guy Carpenter.This is a large drop from $52.5…
TORONTO, ON; February 8, 2010 McLarens Canada, a leader in the insurance adjusting industry, announced today the appointment of Lisa Foster as Marketing and Communications Manager. In this role, Lisa will be responsible for advancing McLarens strategic plan through the…
TORONTO, ON; February, 2010 McLarens Canada, a leader in the insurance adjusting industry, welcomes back Daryl Doiron to the McLarens team. We are very pleased to have Daryl back as a Senior Adjuster, said Michael Holden, President and CEO of…
Youre invited to join instouch (www.instouch.com) – an online network for insurance industry professionals to connect with trusted industry contacts, groups and associations. Developed by Canadian Underwriter, membership at instouch free and is open to individuals working within all segments…
As 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…
The Halifax Regional Municipality (HRM) supports the province’s existing $2,500 cap on pain and suffering awards for minor auto injuries.The HRM self-insures about 95% of its 1,400 vehicles, including 294 buses, police cars, fire trucks and snow and ice control…
The financial results of the U.S. property and casualty industry in 2009 represent a radical departure from the anemic results in 2008, according to a recent report by A.M. Best.“The U.S. property/casualty industry’s operating results recovered in 2009 from a…
Aon Corporation (NYSE: AON) reported a net income of $747 million in 2009, marking a 49% decrease from 2008’s profit of $1.5 billion.2008 included a $935-million, after-tax gain on the sales of Combined Insurance Companies of America and Sterling Life…