Features
Coming Events (January 01, 1999)
January 1, 1999 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Insurance Institute of Ontario:…
RIBO meeting stresses industry SELF-REGULATION
January 1, 1999 Sean van Zyl, EditorThe last six years have seen dramatic change in the structure and method of business of the property and casualty insurance industry. These “winds of change” sweeping through the industry are primarily a result of the unprecedented consolidation activity and…
Insurance fraud: The Insider Job
January 1, 1999 Linden Rees, president of Underwriters Fraud Control Inc.Last November I provided a presentation in Boston, Mass. on “Automated Fraud Control” to an audience of senior American insurance executives. While all nodded in agreement with my salient points, that being internal fraud within the insurance industry is on the rise and needs to be addressed sooner than later, I was left with the feeling that most of the listeners were too aghast at the thought that their employees might be capable of stealing.
Queensway consolidates Alliance
January 1, 1999 by Canadian UnderwriterQueensway Financial Holdings Ltd. (QFH) has entered into an agreement to acquire Alliance Insurance Group, a property and casualty insurance holding company located in Chicago, Illinois. Alliance, posting gross premiums written totalling $17 million in 1997, specializes through subsidiaries in…
Canada Brokerlink breaks $200 million barrier
January 1, 1999 by Canadian UnderwriterCanada Brokerlink has added two Ontario brokers pushing total annualized premium volume to more than $200 million. The publicly traded broker network acquired Hawkesbury-based Charbonneau Bercier Taillon Insurance Brokers Ltd. which has premium volume of approximately $5.1 million and Thunder…
Belton third-quarter predictions
January 1, 1999 by Canadian UnderwriterDuring the third quarter of 1998, preliminary net earning returns of Canadian property and casualty companies were down $59 million in comparison to the same quarter in 1997, says the latest issue of The Belton Report. The combined impact of…