Topic
Insurance
Willis to educate risk managers about corporate risks of kidnapping/extortion
July 13, 2007 by Canadian UnderwriterWillis Special Contingency Risks Limited (SCR) is hosting a global Web cast conference call on July 17, 2007, to educate risk managers, corporate risk officers and directors and officers about the risks of international kidnapping and extortion.Movie and television depictions…
FSCO changes PAF guideline for whiplash injuries
July 12, 2007 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) is releasing a revised Pre-approved Framework (PAF) Guideline for Grade I and II Whiplash Associated Disorders and accompanying Pre-approved Framework Extension Request and Discharge Report form (OCF-24/198).The new PAF Guideline is effective on…
US insurers Q2 cat costs tied with 2nd lowest in 10 years
July 12, 2007 by Canadian UnderwriterU.S. property and casualty insurers are expected to pay homeowners and businesses and estimated $2.175 billion [approximately Cdn$2.28 billion] for Q2 property losses resulting from a total of six catastrophes in 25 states, reports the ISO. The ISOs Property Claims…
Lloyd’s threatens to mandate use of electronic processing tools
July 11, 2007 by Canadian UnderwriterLloyds current use of Electronic Claims File and the Accounting and Settlement Repository (A&S) fall short of the goals set by the Market Reform Group (MRG), prompting the markets chief executive to threaten mandating the use of the electronic processing…
Allianz Group acquires AIM Underwriting Ltd. in Canada
July 11, 2007 by Canadian UnderwriterAllianz Global Corporate & Specialty North America, the corporate and specialty carrier of the Allianz Group in North America, has acquired AIM Underwriting Ltd. (AIM) in Canada.Since its establishment in 1999, AIM, a managing general agent, has maintained a strong…
What’s New: In Brief (July 10, 2007)
July 10, 2007 by Canadian UnderwriterKingsway Financial Services Inc. (TSX: KFS) and its newly formed subsidiary Kingsway 2007 General Partnership (KGP) announced the closing of the public offering of Cdn$1 million prinicipal amount of 6% senior unsecured debentures of KGP.The debentures were sold through a…
Manufacturers announce plans to install anti-theft technology in 2008 vehicles
July 10, 2007 by Canadian UnderwriterTransport Canada is making it mandatory for all new cars, vans, light trucks and SUVs to be equipped with anti-theft electronic immobilizers, effective Sept. 1, 2007.Canadian vehicle manufacturers have recently announced plans to equip 2008 model vehicles in Canada with…
What’s New: In Brief (July 09, 2007)
July 9, 2007 by Canadian UnderwriterCraig Duncan has been appointed manager of Crawford’s newly created Regional Claims Centre in Ontario.Reporting to Greg Smith, vice president, national programs, Duncan will work with the Regional Claim Centre project team in establishing Crawfords first location in Mississauga, Ontario.The…
What’s New: In Brief (July 09, 2007)
July 9, 2007 by Canadian UnderwriterA new poll by the Traffic Injury Research Foundation (TIRF) shows that nearly 1.3 million Ontarians fell asleep or nodded off while driving at least once in the past year, with 100,000 of these drivers doing so on five or…
What’s New: In Brief (July 06, 2007)
July 6, 2007 by Canadian UnderwriterIt is absolutely vital that insurers and broker management system vendors continue to move forward with the adoption and implementation of CSIO Standards,” according to a statement released by the Centre for the Study of Insurance Operations (CSIO).The release announced…
TSR downgrades 2007 storm forecast
July 6, 2007 by Canadian UnderwriterThe Tropical Storm Risk (TSR) has downgraded the hurricane forecast from 55% above-norm in June to 40% above-norm in July. According to a Benfield news release, the reason for the reduction is that the trade wind speed over the tropical…
What’s New: In Brief (July 06, 2007)
July 6, 2007 by Canadian UnderwriterMike Lowthlan has joined Kernaghan Adjusters Toronto office as an executive adjuster. Mikes illustrious career has spanned over three decades, during which time he has earned a well-deserved reputation as a respected executive adjuster in the Ontario market, Patti Kernaghan,…