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Third quarter data shows cat costs

February 1, 1999 by Canadian Underwriter

The U.S. property and casualty insurance industry posted US$23.2 billion in net taxed income for the first nine months of 1998, showing a 15% drop from the $27.4 billion made over the same period in 1997. The decline is attributed

BELTON
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Call centres notch premiums

February 1, 1999 by Canadian Underwriter

Premiums generated by call centres in Canada have risen by 96% since 1994, says Ted Belton who addressed the Strategy Institute Call Centre Conference recently. Belton notes the more traditional distribution methods generated premiums at a lower 20% growth rate

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ING strengthens B.C. position

February 1, 1999 by Canadian Underwriter

ING Canada, through its Calgary-based subsidiary Western Union Insurance, has entered into a strategic alliance with B.C.-based BCAA. Under the agreement, ING will purchase BCAA’s subsidiary, BCAA Insurance Corporation, for undisclosed terms. BCAA will continue to sell home and auto

Robert Gow senior vice president Canadian Operations, Lindsey Morden Claims Services Limited, presents the 1998 Colin MacKay Memorial Scholarship to Cynthia Attwood of Mississauga, Ontario. Administered by the Insurance Brokers Association of Ontario, this scholarship is available to students whose parent(s) or guardian is employed by the insurance industry, and who are enrolled in first year studies at college, university or schools of higher learning. The Lindsey Morden scholarship is available in all provinces and territories except Quebec.
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News (January 01, 1999)

January 1, 1999 by Canadian Underwriter

To celebrate their acquisition of P.D. Brunt & Company Ltd., adjusters Sobel Adamsons Clements Ltd. recently held a one-day workshop, at Toronto’s The Albany Club, hosted by law enforcement consultant Glenn Foster. A former homicide detective and author of “How

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CBUS targets $250 million premium outflow

January 1, 1999 by Canadian Underwriter

Toronto-based Cross Border Underwriting Services Inc (CBUS), a subsidiary of the listed KRG Insurance Group, notched up half a million in premium dollars in its first year of operation. A specialist wholesale brokerage operator, CBUS was created a year ago

$Vector share price
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GA & Vector strike pact

January 1, 1999 by Canadian Underwriter

Listed broker-network Vector Intermediaries Inc. has struck a deal with General Accident Group (GA) which could cure the network’s cash woes. The deal, which could inject up to $35 million into Vector’s coffers, includes a $20 million loan facility made

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Do virtual insurers dream of electric premiums?

January 1, 1999 by Canadian Underwriter

Tomorrow’s insurers may become virtual companies that interact electronically with customers, while driving down costs and improving speed to market, a leading business futurist predicted at the opening of the U.S. Insurance Services Office Inc.’s (ISO) InsTech98 Conference. Dr. Bill

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BELAIRdirect goes online

January 1, 1999 by Canadian Underwriter

BELAIRdirect, a division of ING Canada, has raised the stakes in direct insurance by going to the Internet as a means of distribution. The direct writer launched its online car insurance quotation system in December. The first of its kind

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Crossing the line in the battle against cancer

January 1, 1999 by Canadian Underwriter

Insurance broker and vice president of Toronto-based KRG Insurance Group Eileen Greene recently fulfilled a prophesy and raised more than $10,000 in donations for the Women In Insurance Cancer Crusade (WICC). Her cause was motivated by her mother. Last year

COOKE
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Bill 59 revised

January 1, 1999 by Canadian Underwriter

The legislative fine-tuning of Ontario’s auto insurance product under Bill 59, which carried through last month with the passing of Bill 90, was generally lauded by insurance, legal and medical professionals at a review seminar held by the Insurance Institute

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Sober Y2K predictions

January 1, 1999 by Canadian Underwriter

The recently held Employers Reinsurance Corporation seminar on Y2K risks delivered some serious food for thought. The most startling of the information revealed was delivered by the first three speakers who provided a broad outline of the technology disruption likely

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Insurer concerns taxi for take off

January 1, 1999 Sean van Zyl, Editor

Consolidation and cost cutting became the corporate buzzwords of the 1980s and 1990s, with operators from insurance to retail-chains through to the aviation industry embracing downsizing and cheaper marketing and delivery systems. The aviation business emerged from this process, particularly