Aviva Canada Inc. has posted on YouTube its Top 25 finalists for the first-ever Aviva Community Fund online contest.Aviva is putting up Cdn$500,000 to help fund ideas that seek to lead, empower and support positive change in Canadian communities. After…
Reinsurer underwriting results were better than expected due to the unusually low level of natural catastrophes in the third quarter, according to the Aon Benfield Aggregate (ABA) quarterly report. Net income for the 23 global reinsurers analyzed in the report…
Those companies that place an emphasis on the ‘people’ aspect of a merger and acquisition are more likely to have a successful deal, research from risk management firm Towers Perrin suggests. Towers Perrin surveyed more than 400 senior HR and…
Cunningham Lindsey has launched Cunningham Lindsey Research Services (CLRS).CLRS provides intelligence gathering, special investigations and surveillance services to assist in the adjudication of insurance claims.“From researching background information and verifying details, to gathering video surveillance and conducting interviews, the services…
The Financial Services Commission of Ontario (FSCO) has identified at least one instance in which a fraudulent pink insurance slip does not represent enough of a “nexus” between an insured and an insurance company to trigger an accident benefits payout.…
Ontario’s Superior Court in IMAX has established a “relatively low” threshold to be met by plaintiffs seeking leave to proceed with a civil action for secondary market liability, according to Ogilvy Renault.The decision provides the first judicial interpretation of leave…
McLarens Canada has announced two executive level appointments. Dennis N. Schembri has been promoted to executive vice president, Eastern Canada of McLarens Canada and Donald N. Hull has been promoted to vice president, Ontario Region of McLarens Canada.Holding 26 years…
Pricing for directors’ and officers’ liability insurance decreased 2.7% in 2009 Q3 compared to the rates seen in the same quarter of 2008, according to Aon’s Q3 Quarterly D&O Pricing Index. In Standard & Poor’s financial institutions (FI) sector, D&O…
Marsh has reached an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of HSBC Bank. Under the terms of the agreement, Marsh will acquire HIBL in consideration of £135 million, comprising a mixture of Marsh &…
U.S. Senators Maria Cantwell (D-WA) and John McCain (R-AZ) have introduced a bipartisan bill that would prohibit U.S. commercial banks from engaging in all insurance activities, as well as prevent them from affiliating with investment banks. Essentially, the proposed bill…
The Insurance Bureau of Canada says the Supreme Court of Canada’s refusal to hear an appeal against the province’s Cdn$4,000 minor auto injury cap is “good news for Alberta motorists,” and will open the door for a future review of…
The Supreme Court of Canada has upheld Alberta’s Cdn$4,000 cap on minor auto injuries.By refusing to hear any further appeal of the Alberta Court of Appeal’s decision, which found the province’s cap on minor auto injuries was constitutional, Canada’s top…