News
Oil Insurance Limited (OIL) increases non-windstorm, per occurrence limit to $300 million
September 16, 2011 by Canadian UnderwriterOil Insurance Limited (OIL) is increasing its non- windstorm, per-occurrence limit from $250 million to $300 million in 2012.OIL held a special general meeting on Sept. 13, at which time shareholders approved various changes to the basic property, well control…
TIRF and Toyota offer program on vehicle safety features and safe driving habits
September 15, 2011 by Canadian UnderwriterThe Traffic Injury Research Foundation (TIRF) has collaborated with Toyota Canada Foundation to develop a vehicle safety education program that links the use of vehicle safety features to safe driving practices. The goal of the national public education program is…
The Co-operators partners with David Suzuki Foundation to create youth internships
September 15, 2011 by Canadian UnderwriterThe Co-operators has inked a four-year partnership with David Suzuki Foundation to engage post-secondary students in environmental issues.The agreement is an expansion of The Co-operators’ IMPACT! Youth Program for Sustainability Leadership. Twelve internship positions with the communications team at the…
Rochon Engineering co-CEOs renew long-term contract with Granite Global Solutions
September 15, 2011 by Canadian UnderwriterGranite Global Solutions and Rochon Engineering announced the renewal of a long-term contract with Mike Rochon and Vince Rochon, founders and co-CEOs of Rochon, to continue to lead the division.Rochon Engineering announced on Sept. 13 that Mike and Vince Rochon…
B.C. expands its intersection safety camera program
September 15, 2011 by Canadian UnderwriterB.C. is rolling out the third phase of its Intersection Safety Camera (ISC) program, with upgraded camera equipment at the sites and 35 more sites added to the roster.The ISC program is a joint initiative between the provincial government, ICBC…
Consumer satisfaction with insurers increases in 2011 despite rate hikes: J.D. Power
September 15, 2011 by Canadian UnderwriterDespite widespread premium increases, customers in the Western and Ontario/Atlantic regions of Canada are notably more satisfied with their auto insurance company this year than they were in 2010, according to the J.D. Power and Associates 2011 Canadian Auto Insurance…
Fitness club not automatically liable for injury sustained in a rush for dumbbells
September 15, 2011 by Canadian UnderwriterA fitness club with limited dumbbells for exercising was not responsible for a patron fracturing her wrist while participating in a “frenzy” to grab the available weights, the Ontario Superior Court ruled in an April 2011 Occupiers’ Liability Act case.Dutton…
Ontario bears brunt of severe weather in August
September 14, 2011 by Canadian UnderwriterOntario bore the brunt of severe weather in August, with a tornado tally of 13 – more than the average for the whole of tornado season, according to Environment Canada’s Ontario Weather Review.Ontario normally averages 12 tornadoes during a season…
KPMG acquires Berris Mangan
September 14, 2011 by Canadian UnderwriterKPMG has acquired Vancouver-based accounting firm Berris Mangan. Berris Mangan is a full-service accounting firm that specializes in serving the insurance industry, as well as the service, wholesale and manufacturing industries. “As part of our national strategy to grow through…
U.S. private equity firm buys up Kanetix Ltd.
September 14, 2011 by Canadian UnderwriterKanetix Ltd., a Canadian online insurance marketplace, has been acquired by Monitor Clipper Partners (MCP), a Cambridge, Massachusetts-based private equity firm. Kanetix has also named Yousry Bissada as president and CEO, effective immediately. Its co-founders, George Small and Gregory Ellis,…
FirstOnSite appoints Brad Meekin to head up health care and government services unit
September 14, 2011 by Canadian UnderwriterFirstOnSite Restoration has appointed Brad Meekin to head up its new healthcare and government services business unit. Through FirstOnSite’s Priority Response Emergency Plan (PREP) program, Meekin will assist organizations in the healthcare and government sectors – including hospitals, retirement residences,…
Hub International to acquire independent Manitoba brokerage Horizon Insurance
September 14, 2011 by Canadian UnderwriterHub International Limited (Hub) has entered into a definitive agreement to acquire the operations of Horizon Insurance LP (Horizon), a full service insurance brokerage firm headquartered in Manitoba. The acquisition is expected to close in the third quarter of 2011…