Local 378 of the Canadian Office and Professional Employees Union (COPE) will address its ongoing contract negotiations with the Insurance Corp. of British Columbia through a series of targeted actions. Representing 4,600 workers at the ICBC, the union issued a…
In the wake of the Rio + 20 conference on sustainable growth, Lloyd’s has developed a ranking of the world’s top potential climate change challenges ahead. The London insurance market identified wildfires, flood, drought, pestilence (including weeds and infestation), Arctic…
Randall & Quilter Investment Holdings plc confirmed at its annual general meeting June 27 that it is closing its Canadian managing general agency (MGA). The company, a specialist non-life insurance investor, service provider and underwriting manager, came to the decision…
Drivers in Saskatchewan will see a 1.6% net increase in the basic auto insurance premium, effective Aug. 4, 2012. Saskatchewan Government Insurance (SGI) reports in a statement that the provincial government approved the net increase with rate rebalancing to SGI’s…
Global property and casualty (non-life) insurance premiums grew by 1.9% in 2011 on the heels of solid economic growth in emerging markets and selective rate increases in some advanced markets, according to Swiss Re’s latest sigma study. The Swiss reinsurer…
Catlin Group Limited (‘CGL’; London Stock Exchange), an international specialty property/casualty insurer and reinsurer, has announced that David Huebel will become CEO of Catlin Canada, effective July 3, 2012. Huebel joined Catlin Canada in 2009 as chief underwriting officer. He…
Gail Sheepway has accepted a new position as Zurich’s specialty products Canada business lead, effective July 1. Sheepway will be involved in making plans for growth in Canada in conjunction with the existing growth strategy in the United States and…
New Brunswick is proposing to increase its $2,500 cap on minor auto injuries up to $7,500 and come up with a new definition for minor injuries that would see fewer people come under the cap. The government on June 28…
A benchmark survey of more than 1,000 companies found that the total cost of risk (TCOR) increased marginally in the past year, despite fears of hefty rate hikes after a spate of natural disasters in 2011. The Risk and Insurance…
Faced with the prospect of rocky economic times, Canadians are cutting back on the insurance they are buying, a 2012 survey commissioned for TD Insurance states. The Environics Research Group survey conducted for TD found that 42% of Canadians are…
Federally regulated property and casualty insurers in Canada posted improved financial results in 2012 Q1, recording a collective quarterly profit of $1.048 billion this quarter as opposed to a $721.7-million profit in the same period last year. Figures from the…
Rainfall warnings for a number of areas within British Columbia’s Kootenay region — which had already been dealing with the effects of rapid snowmelt and wet conditions over the past two or three weeks — ended in the early morning…