Topic
Mergers and Aqcuisitions
PPG launches Web-based marketing portal
May 6, 2010 by Canadian UnderwriterPPG has launched a Web-based marketing portal for its PPG collision repair shop customers. The portal, developed in conjunction with Infogroup Inc., will provide MVP collision centers and CertifiedFirst Network participants access to Canadian and U.S. business data, as well…
Nancy McKinstry appointed as ICBC board chairwoman
May 6, 2010 by Canadian UnderwriterNancy McKinstry has been appointed chair of the board of directors of the Insurance Corporation of British Columbia (ICBC).McKinstry received the Order of Canada in 2005. She has served on corporate, university and non-profit boards in recent years, and spent…
ICLR unveils wildfire resilient home in Alberta
May 5, 2010 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) has retrofitted a home in Jasper, Alberta to be wildfire resistant. The Jasper home retrofit includes:• cedar roof shingles replaced with asphalt shingles;• cedar siding replaced by stucco;• coniferous bushes replaced with deciduous…
Aviva Canada puts up $1 million for second round of Aviva Community Fund
May 5, 2010 by Canadian UnderwriterThe Aviva Community Fund competition will return again this year, with Aviva Canada offering $1 million to support community initiatives across Canada. This doubles the company’s $500,000 pledge in 2009.The second installment of the competition will begin in the fall.…
Canada re-introduces auto theft legislation
May 5, 2010 by Canadian UnderwriterCanada’s Department of Justice has re-introduced a bill in the Senate that seeks to create a separate offence for motor vehicle theft and stop the trafficking of property obtained by crime.“Our government is taking action to protect Canadians, their property…
The Co-operators reduces carbon footprint by 12%
May 5, 2010 by Canadian UnderwriterThe Co-operators reduced its carbon footprint by 12% in 2009, compared to 2007 baseline measurements, according to The Co-operators Sustainability Report 2009.After energy assessments at nine of its corporate offices, The Co-Operators implemented a number of energy efficiency improvements. For…
Mild winter boosts Intact’s 2010 Q1 results
May 5, 2010 by Canadian UnderwriterA mild winter and improving market conditions have boosted Intact Financial Corporation’s 2010 Q1 results.The company’s 2010 Q1 profit was $119.7 million, compared to a $36.3-million loss during the same period last year. The company’s combined ratio improved six percentage…
New Brunswick brings limitation periods in line with Ontario, Saskatchewan
May 4, 2010 by Canadian UnderwriterRecent changes to New Brunswick’s general limitation periods bring the province’s laws in line with those of Ontario and Saskatchewan.Section 5 of New Brunswick’s Limitation of Actions Act now provides that the “basic” limitation for motor vehicle accidents, claims in…
Comprehensive deductibles in U.S. rising much faster than collision deductibles: Mitchell
May 4, 2010 by Canadian UnderwriterComprehensive deductibles are rising almost twice as fast (160% faster) than collision deductibles in the U.S. auto insurance industry, according to Mitchell International. Mitchell used data that included deductibles from 2003 to 2009 for collision and comprehensive losses. It found…
The Co-operators reports dramatic improvement in Q1 net income
May 3, 2010 by Canadian UnderwriterCo-operators General Insurance Company reported a profit of $31.8 million for 2010 Q1, an improvement over its 2009 Q1 net loss of $6.4 million.“Thanks in part to mild winter weather throughout the country and an improved investment environment, we have…
In Memoriam: Rick Berg
April 30, 2010 by Canadian UnderwriterRick Berg, Canadian business manager for 3M’s automotive aftermarket division, has passed away at the age of 47.In a statement, the Canadian Collision Industry Forum (CCIF) described Berg as “always willing to volunteer, always keen to support the industry from…
MPI argues competitive lines of business not subject to public disclosure
April 29, 2010 by Canadian UnderwriterManitoba’s Public Utilities Board (PUB) has gone to the province’s appeal court to get Manitoba Public Insurance (MPI) to disclose financial information that would ensure Autopac rates are set fairly.The fact the PUB went to court became a topic of…