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Private companies more focused on risk management

September 23, 2009 by Canadian Underwriter

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

News Earnings / RatingsInsurance

JEVCO assuming assets and liabilities of Kingsway General Insurance

September 23, 2009 by Canadian Underwriter

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

News InsuranceMarkets / Coverages

Marine insurers affected by global recession

September 22, 2009 by Canadian Underwriter

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

News Insurance

Financial crisis spurs IT spending for risk management purposes

September 22, 2009 by Canadian Underwriter

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

News AssociationsInsurance

What’s New: In Brief (September 22, 2009)

September 22, 2009 by Canadian Underwriter

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

News Insurance

What’s New: In Brief (September 22, 2009)

September 22, 2009 by Canadian Underwriter

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

insPRESS Insurance

FirstOnSite Appoints Robert Parizeau to Director of Technical Resources

September 22, 2009 FirstOnSite Restoration L.P.

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

insPRESS Insurance

Exploring Disturbances to Arctic Atmospheric Chemistry as a Major Cause of Accelerated Climate Change in this Region

September 22, 2009 Institute for Catastrophic Loss Reduction (ICLR)

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)

News InsuranceLegal

California attorney general to investigate credit agencies’ possible role in financial crisis

September 21, 2009 by Canadian Underwriter

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

News Insurance

Proposed pandemic endorsement would extend the term of an expiring policy after emergency is declared

September 21, 2009 by Canadian Underwriter

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

News Insurance

What’s New: In Brief (September 21, 2009)

September 21, 2009 by Canadian Underwriter

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

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (September 21, 2009)

September 21, 2009 by Canadian Underwriter

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