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…
Waterloo, Ontario The Economical Insurance Group (TEIG) is pleased to announce that it has become a development partner of the RMS ITV data validation and indexing solution. TEIG has committed $150,000 toward the research and development of this brand new…
A Traffic Injury Research Foundation (TIRF) report has shown that some specific elements of graduated driver licencing (GDL) programs prove to be more effective at reducing the relative fatality risk than others.A sound body of evidence documenting the effectiveness of…
Co-operators Life Insurance Company and Central 1 Credit Union (Central 1) have announced an agreement to acquire The CUMIS Group Limited (CUMIS) for approximately Cdn$232 million.The deal is subject to regulatory, shareholder and court approvals and other standard closing conditions.…
Approximately two of three respondents to an Insurance Institute for Highway Safety (IIHS) survey said they like the idea of using advanced technology, assuming the technology is reliable, to stop drunk drivers from operating their vehicles.A total of 1,004 people…
Marsh Inc. has announced the acquisition of International Advisory Services Ltd. (IAS), a captive and third-party insurance company in Bermuda. Terms of the transaction were not disclosed.“The acquisition strengthens Marsh’s position as a global leader in managing captive insurance companies…
Roughly 75 delegates of the Risk and Insurance Management Society (RIMS) Canada Conference laced up their running shoes for the William H. McGannon Foundation’s annual Fun Run-Walk early on Sunday, Sept. 13.The event, sponsored by FM Global and the RIMS…
Standard & Poor’s (S&P’s) has maintained negative outlooks for both the commercial and personal North American insurance sectors, according to its recent industry report card.In 2008, net premiums written declined 6% in the commercial sector, but surveys show pricing declines…
The Insurance Brokers Association of Alberta (IBAA) launched a bricks and mortar education centre at its new office in Edmonton.“With our own education centre, the IBAA can cost effectively maximize our team’s resources and offer more programs to our members,”…
Kingsway Financial Services Inc. has appointed Gregory P. Hannon to the board of directors. Robert Cassels and Walter E. Farnam have resigned from the board of directors, according to a release. “We welcome the appointment of Greg Hannon to the…
4 new industry event galleries have been added to the Online Photo Gallery at canadianunderwriter.ca. To view all the galleries, at canadianunderwriter.ca click Photo Gallery in the nav bar or go to www.canadianunderwriter.ca/gallery The recent additions to the Online Photo…
Sixteen months after it shelved Bill 40, an act to amend B.C.’s dated Insurance Act, the B.C. legislature is now pressing ahead with insurance reform in Bill 6, the Insurance Amendment Act, 2009, introduced on Sept. 15, 2009.“The proposed amendments…