Topic
Insurance
B.C. looking at biometrics for driver’s licenses
October 16, 2006 by Canadian UnderwriterB.C.’s provincial government is developing a policy on using biometrics for drivers’ licences, and ICBC is conducting a study of the issue, according to a report in The Vancouver Province.”This isn’t too far down the road in terms of making…
Crawford mobilizes after Hawaii earthquake
October 16, 2006 by Canadian UnderwriterCrawford & Company has mobilized its Canadian and U.S. staff to handle “any and all claims needs” following a sizable earthquake with a magnitude of 6.6 that sent more than 20 sharp aftershocks across the Hawaii islands on Oct. 15.“We…
What’s New: In brief (October 16, 2006)
October 16, 2006 by Canadian UnderwriterA.M. Best has also affirmed the financial strength ratings of A (Excellent) and the ICRs of “a” of Toronto-based ACE INA Insurance. In addition, the ACE Group’s financial strength ratings (FSR) of A+ (Superior) and the issuer credit ratings (ICR)…
Female insurers recognized
October 13, 2006 by Canadian UnderwriterAmong a group of women leaders recently noted in “Business Insurance” magazine’s “Women to Watch” issue are FM Global’s Maxine Walker as well as four individuals from Aon including: Corbette Doyle; Kathryn Hayley; Kathleen M. Burns; and Kelly Smith.The honorees…
Edmonton auto insurer penalized
October 13, 2006 by Canadian UnderwriterEdmonton’s Superintendent of Insurance recently issued a CD$45,000 penalty to State Farm Mutual Automobile Insurance Company, according to a release from the government of Alberta. The penalty represents a violation of The “Insurance Act,” stemming from the auto insurers failure…
Western Financial buys two southern Alberta brokerages
October 13, 2006 by Canadian UnderwriterWestern Financial Group has recently completed the acquisition of two insurance brokerages in Southern Alberta Thomsen Fisher Agencies and Willow Creek Agencies.Thomsen Fisher Agencies is located in Alberta’s seventh-largest city, Medicine Hat, Alberta. Willow Creek Agencies is based in Claresholm,…
What’s New: In Brief (October 13, 2006)
October 13, 2006 by Canadian UnderwriterThe Federation of European Risk Management Associations (FERMA) has launched an electronic training initiative designed to help smaller businesses avoid financial failure, A.M. Best reports.The program, known as Professional in Risk Management, was unveiled at FERMA’s fall seminar at the…
Cyber-risk field “is only beginning to open,” lawyer tells PLUS Canada
October 12, 2006 by Canadian UnderwriterRisk and liability associated with Internet communications is a “vast insurance field that is only beginning to open,” a lawyer told people attending a Professional Liability Underwriting Society (PLUS) Canada education seminar in Toronto.“As long as the Internet is around,…
What’s New: In Brief (October 12, 2006)
October 12, 2006 by Canadian UnderwriterA.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a+” from “a-” of Allianz Global Corporate & Specialty AG (AGCS) (Germany), formerly known as Allianz Marine &…
R&SA revamps operational structure
October 12, 2006 by Canadian UnderwriterRoyal & Sun Alliance Insurance Group plc (R&SA) has made changes to the Group’s operating structure, reflecting the Group’s strategic focus set out to the market in June 2006.Moving forward, the Group will be organized into three main operating businesses…
What’s New: In brief (October 12, 2006)
October 12, 2006 by Canadian UnderwriterCollision Solutions Network (CSN) recently welcomed Sarnia, ON-based St. Clair Auto Repair as the newest member to the network. St. Clair represents the 45th facility to join the network. St. Clair Auto Repair, an 8000 sq ft facility with 15…
Aon Re: Homeowner business hasn’t covered capital costs
October 11, 2006 by Canadian UnderwriterAlthough they’ve improved steadily in the past four years, returns in the homeowners insurance business still aren’t adequate to cover the cost of capital, according to a new report prepared by Aon Re.Sharp increases in homeowners’ rates after the 2004…