Canadian Underwriter

Topic
Insurance


News Insurance

What’s New: In Brief (November 20, 2008)

November 20, 2008 by Canadian Underwriter

Policy Works Inc. has released a second white paper in a campaign to communicate with commercial brokers. The white paper, ‘To Trust or Not To Trust: 7 Tactics to Help Brokers Build Trust,’ investigates why consumers have feelings of distrust

News Insurance

Domestic insurers key to survival of independent broker channel

November 20, 2008 by Canadian Underwriter

Brokers must maintain a balanced portfolio and resist relying too heavily on European-based insurers, warned Colin Simpson, senior vice president and chief strategy officer of Kingsway Financial Services.Simpson spoke at the Insurance Institute of Ontario’s ‘At the Forefront’ breakfast in

News Insurance

Canadian P&C insurers showing signs of stress: OSFI

November 19, 2008 by Canadian Underwriter

After several years of strong operating results, Canada’s federally-regulated property and casualty insurers are starting to show signs of stress, the Office of the Supervisor of Financial Institutions (OSFI) said in its 2007-08 Annual Report.The industry’s overall combined ratio (COR)

News Insurance

Siskinds LLP files class action lawsuit by Canadian investors against AIG

November 19, 2008 by Canadian Underwriter

An Ontario law firm has filed a Cdn$550-million class action against the U.S. American International Group Inc. (AIG), AIG Financial Products Corp. (AIGFP) and various directors and officers, alleging in a statement of claim that disclosures made by the American

News Insurance

Aon proposes way to insure troubled assets

November 19, 2008 by Canadian Underwriter

Insuring troubled assets through the creation of an ‘asset stabilization pool’ would help to strengthen America’s economy, Aon told the House Committee on Financial Services in Washington. The plan involves the sharing of risk by participants in an entity referred

News InsuranceMergers and Aqcuisitions

Nova Scotia court allows doctors’ notes as limited exception to hearsay rules

November 19, 2008 by Canadian Underwriter

The Nova Scotia Supreme Court has allowed the admissibility of six doctors’ records in a personal injury case even though the physicians were not available to testify, but the opinions contained in the doctors’ records are not admissible as truth.In

News InsuranceMergers and Aqcuisitions

Ontario proposes road safety legislation aimed at young, novice drivers

November 18, 2008 by Canadian Underwriter

Ontario has introduced new legislation designed to strengthen the province’s graduated licensing system, crack down on suspended drivers and help keep impaired drivers off roadways.Proposed changes to Ontario’s Graduated Licensing System would mean it would take a new driver 16

News InsuranceMergers and Aqcuisitions

Slightly more than half of Canadians use snow tires

November 18, 2008 by Canadian Underwriter

Only 57% of Canadian drivers put snow tires on their cars; of the 43% who don’t, half (54%) are not willing to spend the money to do so, according to an RBC Insurance/Ipsos Reid consumer survey.The survey was conducted between

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (November 18, 2008)

November 18, 2008 by Canadian Underwriter

Gordon Kerr has accepted the role of CEO and chief agent of Arch Insurance Group’s Canadian insurance operations. Kerr was previously the chief operating officer of American International Group’s (AIG) Canadian commercial insurance operations.He replaces Michael Baxter, who will become

News Insurance

What’s New: In Brief (November 18, 2008)

November 18, 2008 by Canadian Underwriter

Blake Craig, president of J. Leroy Gallant Insurance Limited, has been named president of the Insurance Brokers Association of Prince Edward Island.Craig succeeds the association’s past president, Karen Doiron, who currently serves on the board of directors for the Insurance

News Insurance

Zurich’s Q3 profit drops on investments

November 18, 2008 by Canadian Underwriter

*** CLARIFICATION/CORRECTION*** This item clarifies and corrects information contained in an item posted on Nov. 14. Zurich Financial Services has posted a Q3 net income after tax of US$154 million, marking a dramatic drop from the profit of US$1.5 billion

News Insurance

CCIR misses opportunity to license incidental sellers of insurance: IBAC

November 17, 2008 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) says the Canadian Council of Insurance Regulators (CCIR) has “missed an opportunity” to implement a new licensing regime for sellers of incidental insurance products.The national insurance market conduct regulator has just released its