Canadian Underwriter

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Mergers and Aqcuisitions


News InsuranceMergers and Aqcuisitions

U.S. legislators top concerns in 2002 are auto and worker’s comp

February 26, 2003 by Canadian Underwriter

Auto insurance and workers’ compensation emerged as the top issues for states when it came to insurance legislation last year. This comes from a survey by the National Association of Mutual Insurance Companies (NAMIC).P&c insurers faced 239 new laws last

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Kingsway income jumps on U.S. growth

February 10, 2003 by Canadian Underwriter

Kingsway Financial Services (TSX, NYSE: KFS) brought in record net income for the fourth quarter 2002 and strong full-year earnings, largely as a result of performance from its U.S. operations.Net income for the quarter ending December 31, 2002 was up

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Ontario auto rates rose throughout 2002

February 1, 2003 by Canadian Underwriter

Private passenger auto rates rose 9.2% in the fourth quarter of 2002, says the Financial Services Commission of Ontario (FSCO), the government body that has final say in determining insurers’ rate increases. In the third quarter to end Sept, 2002,

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Ontario auto rates continue to climb

January 27, 2003 by Canadian Underwriter

Private passenger auto rates rose 9.2% in the fourth quarter of 2002, says the Financial Services Commission of Ontario (FSCO), the government body that approves rate increases. In the third quarter ending September 30, 2002, rates climb 8.3%. The average

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U.S. auto results will continue to flag: Conning

January 10, 2003 by Canadian Underwriter

A new study suggests that the auto insurance market will be no kinder to insurers south of the border than it has been to Canadian companies. in “Caution Flag for Personal Automobile Insurance”, research firm Conning says that the poor

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Auto theft down in Manitoba, study suggests

January 8, 2003 by Canadian Underwriter

For the first time in five years, auto thefts rates have dropped in Manitoba, says the province’s public insurer. According to Manitoba Public Insurance (MPI), 2002 says 7.827 theft claims filed, 6,190 of which were in Winnipeg.MPI speculates that the

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MPI tracks cars stolen multiple times

January 6, 2003 by Canadian Underwriter

A new study from Manitoba Public Insurance (MPI) shows that one car in that province was either stolen or had a theft attempt made on it six times in the past two years. The finding was part of a study

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Profile: Adjusters Preparing for Change

January 1, 2003 Vikki Spencer

No one would argue the insurance industry is one that stands still, particularly not in today’s market. For adjusters, the changes are keenly felt, impacting how they do their jobs on a daily basis. From mergers and acquisitions to changing

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IBC disappointed with Newfoundland auto package

December 20, 2002 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is expressing dismay over the package of reforms to Newfoundland’s auto system introduced in Bill 28 this week. In a release, the IBC says the reforms will not help control the costs of auto

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Industry claims satisfaction rate rises for 2002

December 19, 2002 by Canadian Underwriter

With the release of the 2002 Auto Claims Satisfaction survey from the Financial Services Commission of Ontario (FSCO), the industry saw its satisfaction level rise to 86%, its highest level since the survey’s introduction five years ago.Topping the survey was

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Ontario Collision Repair Standards Act passes

December 16, 2002 by Canadian Underwriter

The act to place Ontario’s bodyshops under industry self-regulation was passed on the last night of the Ontario legislature’s sitting before Christmas break. The Collision Repair Standards Act of 2002 puts the collision, auto body and auto refinishing industries under

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Manitoba PUB orders 1% drop in rates

December 6, 2002 by Canadian Underwriter

Following a request from Manitoba Public Insurance (MPI) to keep rates the same in that province, the Public Utilities Board (PUB) has ordered a 1% reduction in basic public auto insurance rates. This represents the fifth year MPI has held