More than 1,500 risk professionals will descend upon Toronto on Sept. 21 for the 33rd annual Risk and Insurance Management Society (RIMS) Canada Conference.RIMS Canada, themed, ‘The Exchange: Where Great Ideas Come Together,’ runs until Sept. 24 and will feature…
Feedback is being sought from Manitobans on proposed improvements to the province’s merit/demerit system. The system influences how much drivers pay for vehicle and driver insurance. Manitoba Public Insurance (MPI) is asking for opinions by Oct. 10, so that it…
PPG Automotive Refinish has been named a preferred supplier by Volvo Car Corporation for its worldwide network of dealerships and independent collision centers. The designation includes PPG’s waterborne Envirobase High Performance and Nexa Autocolor Aquabase Plus.Volvo’s objective is to provide…
The Canadian property and casualty industry is stable, but not without its challenges, delegates of the A.M. Best Review & Preview Canada conference were told.In his presentation, Charles M. Huber, a senior financial analyst with A.M. Best, offered a rating…
The economy is still in the very early stages of a deleveraging process that needs to play out, spurred by the recent liquidity crunch that saw the stumbling of insurer giant AIG, delegates of A.M. Best’s Review & Preview Canada…
With the full support of the U.S. Treasury Department, the Federal Reserve Bank of New York loaned the American International Group (AIG) US$85 billion on Sept. 16 to keep the country’s largest insurer solvent.AIG’s stock dropped to less than US$3…
An Ontario arbitrator has upheld a personal cost award against a lawyer who could not get his client to attend three different scheduled pre-hearing discussions concerning an accident benefits claim.The lawyer’s client, Roman Luskin, was injured in a 2005 motor…
Kingsway, Swiss Re and Manulife Financial have a combined exposure of more than Cdn$1 billion to global investment bank Lehman Brothers and subsidiaries of American International Group (AIG), both of which face insolvency, based on individual public statements the company…
Marine insurers are concerned some shipyards may be compromising quality to increase production, according to BestWire.There’s some indication the increasing cost of steel might be forcing shipyards in certain countries to cut back on the quality of steel used in…
ICBC has launched a free online service that allows customers to look up a vehicle’s status, helping them to make informed buying decisions about used vehicles. All vehicles in North America are assigned a status to describe the general state…
Private companies in Canada and the United States are facing similar trends in litigation based on legal actions launched by customers, shareholders, employees and business partners, a Chubb Insurance Company of Canada survey has found.“The survey findings were surprising, as…
E2Value Inc. has inked an agreement with Compu-Quote Inc. to deploy and provide access to the eValueMCV cost engine and methodology.Beginning in September 2008, Compu-Quote will distribute the ezITV insurance to value application to insurance brokers across Canada, a Compu-Quote…