Critical risk management failures played a major part in a 2007 landing accident in Fox Harbour, Nova Scotia, where a Jetport private jet skidded off the runway and stopped close to neighbouring homes, injuring 10 passengers (two seriously), the Transportation…
Thanks in part to an unusual number of summer storms, Intact Financial Corporation (TSX: IFC) reported a net loss of Cdn$8 million in 2009 Q3, compared to a profit of Cdn$57.3 million in the same period last year.“While the pace…
After weather kept them onshore for a few weeks, Somali pirates have resumed their attacks on vessels in the Gulf of Aden. Global piracy statistics reveal that in the first nine months of 2009, 114 vessels were boarded, 34 vessels…
Crawford & Company (NYSE: CRDA and CRDB) reported a net loss of US$39.5 million in 2009 Q3, compared to a net income of US$6.9 million in 2008 Q3.The net loss includes a non-cash impairment charge of US$46.9 million, primarily related…
The Insurance Council of British Columbia, which licenses and regulates the province’s insurance agents, salespersons and adjusters, says it is concerned about the number of breaches in confidentiality it has encountered over the last 12 to 18 months.“Licensees handle and…
The 2010 Subaru Legacy is the first car tested by the Insurance Institute for Highway Safety to earn damage estimates under US$1,000 for all four of the institute’s bumper tests.“Bumpers that don’t bump,” resulting in costly damage in what should…
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 now offering all employers and recruiters FREE job postings at i-hire.ca. Insurance Industry Employers and…
Hurricane Ida is losing momentum as it heads towards the Gulf Coast, with hurricane warnings for U.S. gulf coast states being changed to tropical storm warnings. The National Hurricane Center issued an advisory on Nov. 6 indicating that Ida had…
Hub International Limited has acquired Mones & Associates Insurance Brokers Inc. from Aviva Canada Inc. Mones also operates under the name of Arctic Insurance Brokers Ltd. in select markets. It has approximately $10 million in annual revenue in personal and…
Insurance Bureau of Canada (IBC) has hired Ralph Palumbo as vice president for Ontario.Also, Jim Rivait, vice president for Alberta and the North, has left IBC to pursue other opportunities. The bureau has created a new senior vice president policy…
SCOR recorded a net income of EUR 278 million (Cdn$440.3 million) in the first nine months of 2009, stable from EUR 280 million (Cdn$443.6 million) in last year’s published figures for the first nine months.The reinsurer’s profit remained stable “despite…