The need to deal with catastrophic and project risks is driving an increased focus on risk management by private entities, according to a survey of more than 200 public entity organizations in Europe. More than half of the respondents had…
JEVCO Insurance Company will assume the assets and liabilities of Kingsway General Insurance Company (KGIC), effective Oct. 1, 2009, subject to regulatory approval. Both KGIC and JEVCO are subsidiaries of Kingsway Financial Services Inc. (Kingsway).JEVCO will be Kingsway’s marketing brand…
As the global recession affects shipping activity, marine insurers are faced with decreased demand and an increase in piracy, according to A.M. Best. Impeding free trade could have a negative impact on the global economic recovery, Deidre Littlefield, president of…
Eighty-nine per cent of companies surveyed by OpenPages, a provider of integrated risk management solutions, expect to increase spending on governance, risk management and compliance (GRC) activities in 2010.The survey polled more than 50 strategic risk, governance and finance professionals…
The Financial Services Commission of Ontario (FSCO) has released the Health Claims for Auto Insurance (HCAI) 2009 Pilot Guideline. The guideline was issued to facilitate a staged return of the HCAI system, which was suspended Mar. 11, 2008. More guidelines…
The qualification and registration committee of Registered Insurance Brokers of Ontario (RIBO), a self-regulatory body for the province’s insurance brokers, is reminding brokers that if they take on employment outside of brokering, they need to resign their registration immediately.“We consistently…
Toronto, September, 2009 FirstOnSite Restoration L.P. announced today that it has appointed Robert Parizeau as Director of Technical Resources. Reporting directly to the Vice President of National Operations and working from FirstOnSites head office in Toronto, Roberts key focus will…
The Institute for Catastrophic Loss Reduction is pleased to invite you to participate in a workshop with Brian Stocks of B.J. Stocks Wildfire Investigations Ltd. The 2008 Arctic Research of the Composition of the Troposphere from Aircraft and Satellites (ARCTAS)…
California’s attorney general, Edmund G. Brown, has issued subpoenas to Standard & Poor’s, Moody’s and Fitch as part of an investigation into whether or not the credit agencies’ role fuelled the financial crisis.“Standard & Poor’s, Moody’s and Fitch put their…
A pandemic endorsement first proposed by insurance brokers is now pending approval by the board of Insurance Bureau of Canada (IBC).The premise of the proposed endorsement, brought to IBC by the Insurance Brokers Association of Canada (IBAC) and the Toronto…
The Economical Insurance Group (TEIG) has become a development partner of the RMS insurance-to-value data validation service. The company has committed Cdn$150,000 towards the research and development of the ITV utility.In addition, the company will work closely with RMS during…
Two brothers face a combined total of 33 counts of fraud following one of the most extensive fraud cases ICBC has ever investigated, the corporation reports. The trial began Sept. 18 at the Surrey Provincial Court. After receiving an anonymous…