Canadian Underwriter

Topic
Insurance


News InsuranceMergers and Aqcuisitions

Sedans luring thieves: Crime Bureau

March 1, 2004 by Canadian Underwriter

Thieves are targeting sedans, including older model vehicles, for parts, says a new report by the U.S. National Insurance Crime Bureau (NICB).The non-profit organization, which was established to fight vehicle theft and insurance fraud, looked at the most stolen vehicles

News Insurance

Brouwer Claims and McLarens Canada to merge

March 1, 2004 by Canadian Underwriter

The merger of Brouwer Claims Canada & Co. with McLarens Canada is a “natural step”, says Brouwer chairman and CEO Jacob Brouwer.The two adjusting firms have signed an agreement in principle to merge, creating a national firm with 75 locations.The

News Climate ChangeInsurance

IBC wants national disaster fund

March 1, 2004 by Canadian Underwriter

In response to the “Filmon Report” on last summer’s B.C. forest fires, the Insurance Bureau of Canada is calling for a national natural disaster protection fund to be established.The report, tabled Friday in B.C.’s legislature, makes a variety of recommendations

News Insurance

Investment losses drag down E-L Financial

February 27, 2004 by Canadian Underwriter

Financial services provider E-L Financial Corp. Ltd. (TSX: ELF), parent company of The Dominion of Canada General Insurance Co., posted higher operating income for 2003, largely on the back of growth in its general insurance business. However, net income dropped

News Insurance

Chubb Canada names new CEO

February 27, 2004 by Canadian Underwriter

Folowing on the departure of Jan Tomlinson to the U.S. parent company, Chubb Insurance Company of Canada has named Ellen J. Moore as its new CEO. In fact, Moore will continue to work for Tomlinson, who has assumed the role

News Insurance

Insurers seeking diversity in reinsurance buying: Aon

February 26, 2004 by Canadian Underwriter

A review of the 2004 reinsurance treaty renewal season shows primary insurers are looking at diversifying their spread of reinsurance, as well as focusing on reinsurer security ratings. Reinsurers, for their part, are looking for transparency from their primary company

News Climate ChangeInsurance

Low losses expected from Maritime storms

February 26, 2004 by Canadian Underwriter

The severe winter storms striking the Atlantic coast of Canada late last week should produce few insured losses, says Don Forgeron, Atlantic region vice president for the Insurance Bureau of Canada (IBC).“The good news is there weren’t many vehicles on

News Insurance

Sedgwick Claims opens Canadian office

February 25, 2004 by Canadian Underwriter

Memphis-based Sedgwick Claims Management Services Inc. is taking on the Canadian market with the opening of Sedgwick CMS Canada Inc., the first move outside the U.S. for Sedgwick.The new office will be based in Mississauga, Ontario, and will be headed

News InsuranceMergers and Aqcuisitions

IBC proposes “no frills” policy for New Brunswick

February 25, 2004 by Canadian Underwriter

Insurers are proposing a “no frills” auto policy as a respond to growing public outrage about auto rates in New Brunswick.In a release Tuesday, the Insurance Bureau of Canada (IBC) explains the policy will provide the basic liability coverage required

News InsuranceMergers and Aqcuisitions

ICBC wins court battle with bodyshop

February 24, 2004 by Canadian Underwriter

Capping a five-year legal battle, the Insurance Corp. of B.C. the province’s public auto insurer has won a B.C. Supreme Court verdict for $190,000 against a fraudulent bodyshop.Eurosport Auto Co. Ltd. and its owner, Frederick Ngok Hwang, were ordered to

News InsuranceMergers and Aqcuisitions

U.S. insurers lash out on credit scoring report

February 24, 2004 by Canadian Underwriter

U.S. insurers are fighting back in the credit scoring debate, releasing their own analysis to criticize a recent report by the Missouri Department of Insurance (MDOI). The MDOI study found that low income and minority groups were negatively impacted by

News Insurance

Hub revenue up 30%, rebranding campaign planned

February 23, 2004 by Canadian Underwriter

Broker network Hub International Ltd. (TSX, NYSE: HBG) saw its revenues rise to a record US$286.4 million in 2003, up 30% from the US$220.0 million recorded for 2002.Net earnings for the year were US$38.5 million, or US$1.14 per share, up