Canadian Underwriter

Features


Bob Whitman
Feature Mergers and Aqcuisitions

Organized Crime Bites Auto Insurers

November 1, 2003 by Canadian Underwriter

The alarming rise in insured cost of auto theft and fraud over recent years has much to do with the involvement and growth of organized crime in Canada, according to two Insurance Bureau of Canada (IBC) claim investigators who spoke

Bill Star
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Reserve Boosting Undermines Kingsway’s 3-Q Earnings

November 1, 2003 by Canadian Underwriter

Specialty risk insurer Kingsway Financial Services Inc. (TSX: KFS) saw net income for the third quarter of this year drop by 28% to $15.6 million compared with the $21.7 million reported for the same period in 2002. This equates to

Canadian Insurance Adjusters' Association
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Views (November 01, 2003)

November 1, 2003 by Canadian Underwriter

The Canadian Insurance Adjusters’ Association celebrated its 50th anniversary at its annual convention in St. John’s, Newfoundland recently. Along with East Coast traditions, including the “screech in” ceremony, the event included a seminar on privacy legislation and a trade show.

Camille Alexander
Feature Mergers and Aqcuisitions

After-Market Auto Parts Take Heat

November 1, 2003 by Canadian Underwriter

Auto repair shop attendees at the recently held Canadian Collision Industry Congress (CCIC) took aim at a panel of representatives from insurance companies in questioning the use of after-market parts in insured vehicle repairs. The attendees questioned the quality of

Stan Griffin
Feature Mergers and Aqcuisitions

Nova Scotia Auto Reforms Spark Insurer Withdrawals

November 1, 2003 by Canadian Underwriter

In the wake of passage of Nova Scotia’s Bill-1 – which reforms the province’s auto insurance legislation – insurers are announcing they will cease writing new business in the province. Royal & SunAlliance Insurance Co. of Canada and the Dominion

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A New Approach?

November 1, 2003 Lawrie Savage of Lawrie Savage & Associates Inc.

At the recent Insurance Bureau of Canada (IBC) “Regulatory Affairs Symposium”, which was held in Toronto, the speakers were asked to provide their perspective on recommendations put forward by former regulators and industry members on a new system of market conduct regulation in Canada. A move in this direction would significantly reduce the current “red tape” overload on insurers.

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Volatile Markets and the Reinsurance Intermediary

November 1, 2003 Donald Callahan, president of Guy Carpenter & Co. Ltd.

Is Your Reinsurance Transaction Secure?

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Letters to the Editor (November 01, 2003)

November 1, 2003 by Canadian Underwriter

Dear Editor, I have just finished reading/scanning another edition of CU received at our office and left for those of us brokers interested enough to pick it up and read. (I could go on at length about how uninterested and

Feature Mergers and Aqcuisitions

Public Survey on Auto Cover Reveals Dissatisfaction

November 1, 2003 by Canadian Underwriter

An independent survey of Canadian drivers across the provinces suggests that 75% of the public believe that the provincial governments should impose limits on rate increases with an equal number of respondents believing that cover price increases should not exceed

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On The Move (November 01, 2003)

November 1, 2003 by Canadian Underwriter

Halifax-based Huestis Ritch, member of Canadian Litigation Counsel, has named Elissa Hoverd as an associate of the firm. She joined the Ontario Bar in 2001 and the Nova Scotia Bar earlier this year. Toronto-based Kingsway Financial Services has made several

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Feature Mergers and Aqcuisitions

Political Sparks…

November 1, 2003 Sean van Zyl, Editor

Rate freezes, rollbacks, premium refunds and government-run insurance. It seems that the language of auto insurance has changed so rapidly that insurers have been left dazed and disorientated in an unknown land. But, based on latest events, it would appear

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Untangling Concurrent or “Overlapping Coverage”

November 1, 2003 Paul Famula, Crawford Adjusters Canada

When two insurance policies appear to insure the same loss, how do you determine if there should be contribution and how is it to be shared? A review of current law, policies in effect, and specifically the Ontario Insurance Act provides some clarity.