Topic
Insurance
ICBC, Fraser Institute lock horns over public auto insurance
October 11, 2006 by Canadian UnderwriterICBC has taken to the airwaves to dismiss a Fraser Institute report that slams government-run auto insurance schemes as, according to the study’s author, “among the worst performers within almost all measures of market quality, including cost and affordability.”In an…
Climate change requires insurer attention
October 11, 2006 by Canadian UnderwriterA report recently released by Allianz Group and the World Wildlife Fund reveals that insurers need to increase their efforts in dealing with damages resulting from climate change.Insurers are called to the table by the report, entitled “Climate Change and…
What’s New: In brief (October 11, 2006)
October 11, 2006 by Canadian UnderwriterDefective door latches are at fault for the recall of approximately 145,000 Ford Motor vehicles, including 13,683 in Canada. The Company plans to repair the defective parts which are found on vehicles including the 2005 Five Hundred, 2005 Mercury Montego…
MPI investment income decreases, claims up in 2006
October 10, 2006 by Canadian UnderwriterA strong first half of the year has put Manitoba Public Insurance (MPI) into a stable financial position as it heads into the traditionally claims-prone winter months, the government insurer noted in a press release.For the six months ended August…
Australian regulator releases guides for pandemic preparedness
October 10, 2006 by Canadian UnderwriterThe Australian Prudential Regulation Authority (APRA) has released an information paper and prudential practice guide (PPG) to assist APRA-regulated institutions including insurers and reinsurers with their planning for a potential pandemic.“The advice is being released following consultation with industry and…
AIG unit insured waste plant struck by fire
October 10, 2006 by Canadian UnderwriterA unit of American International Group Inc. issued The Environmental Quality Co. a pollution liability policy with a US$28 million aggregate limit along with other coverages to the operator of a hazardous material facility, which recently burned and forced thousands…
What’s New: In brief (October 10, 2006)
October 10, 2006 by Canadian UnderwriterThe Canadian Cystic Fibrosis Foundation (CCFF) and CARSTAR Collision Repair Centres are teaming up to make Halloween safer and at the same time help fund cutting-edge cystic fibrosis (CF) research and care. Cathleen Morrison, CEO of the CCFF, recommends that…
New education tool kicks off Fire Prevention Week in Edmonton
October 6, 2006 by Canadian UnderwriterStaying Alive, an organization dedicated to teaching fire safety to children, has launched a new educational tool in Edmonton called a ‘Public Service Announcement (PSA).’The launch of the PSA coincides with National Fire Safety Week, held from Oct. 8-14.The bilingual,…
Prime Minister Stephen Harper to address IBAO Convention
October 6, 2006 by Canadian UnderwriterPrime Minister Stephen Harper has confirmed his acceptance to address members at the Insurance Brokers Association of Ontario (IBAO)’s 86th annual convention, to be held at the Brock Plaza Hotel in Niagara Falls on Oct. 18-20.Harper will be speaking to…
Continued softening in p&c market
October 6, 2006 by Canadian UnderwriterThe composite rate for the commercial property and casualty market dropped 8% compared with the same period last year, according to a report published by Dallas-based MarketScout.The Commercial P&C industry continued its trend toward softening as indicated by the report…
What’s New: In brief (October 06, 2006)
October 6, 2006 by Canadian UnderwriterIn an effort to raised money for a children’s literacy program in Tanzania, Royal & SunAlliance board member George Anderson climbed 20,000 ft in seven days to reach the top of Mount Kilimanjaro, Africa’s tallest mountain. Anderson is a member…
What’s New: In Brief (October 05, 2006)
October 5, 2006 by Canadian UnderwriterWhen Fire Prevention Week officially kicks-off in Oromocto on Oct. 7, the Insurance Bureau of Canada (IBC) will be making two special presentations to show support for New Brunswick’s 4,100 volunteer and 535 career firefighters.As part of the opening ceremonies,…