News

Insured catastrophe losses in the United States for the first half of 2008 already exceed the total cat losses for 2007, according to a joint Webinar hosted by the Insurance Information Institute (III) and Munich Re Group.At this rate, 2008…

The Financial Services Commission of Ontario (FSCO) has ruled that an insurance company is not responsible for re-training a claimant on the basis that the learning program was more insight-oriented than vocational and rehabilitative. FSCO additionally dismissed claims for income…

The Court of Appeal in Alberta has denied an application by State Farm Insurance Company for a stay of the judgement that eliminated the Cdn$4,000 cap on non-pecuniary damages for minor injuries caused by a motor vehicle accident. In Morrow…

York Fire & Casualty Insurance has appointed Lori Corrigan to the position of vice president and COO.Corrigan brings to the post more than 20 years of insurance industry experience, from both a company and broker perspective, says a York Fire…

The Women in Insurance Cancer Crusade (WICC) has received a Cdn$1,000 personal donation, symbolizing the first WICC Tribute donation. The WICC Tribute is an initiative developed by WICC Ontario, giving industry members a tangible and meaningful way to commemorate colleagues…

Hurricane Bertha, the first hurricane of the Atlantic season, is also the first storm in recorded history to develop so far east so early in the season, according to Storm Exchange Inc., a firm specializing in weather-related risk management.Bertha was…

Despite the endorsement of enterprise risk management (ERM) by executive leaders of North American insurance companies, a full appreciation of ERM hasn’t fully filtered down within their organizations, a PricewaterhouseCoopers study has found.“Despite progress at the top, the study found…

Brokers are now able to upload customer and property information directly into SaversCL, ING Insurance’s broker application, to request a quote using Keal Technology’s commercial management system comXP. Using Centre for Study of Insurance Operations (CSIO) XML standards, Phase 1…

Were it not for the United States, Canada would rank dead last among G8 countries when it comes to moving towards a low-carbon economy, according to a scorecard developed on behalf of Allianz SE and WWF International.Allianz and WWF recently…

Kathleen Davies has been appointed national account executive with Crawford & Company (Canada). She brings more than 10 years of sales experience to Crawford. Reporting to Gary Gardner, vice president, sales and marketing, Davies will specialize in enhancing Crawford’s sales…

The Financial Services Commission of Ontario (FSCO) intends to get the Health Claims for Auto Insurance (HCAI) electronic data-exchange system back on the rails in 2008.FSCO posted its 2008 priorities on its Web site recently, and the resumption of the…

Insurers expect to pay more than Cdn$56 million to customers after storms swept through parts of Quebec on June 10, according to a survey by the Insurance Bureau of Canada. To date, more than 6,000 claims for damages to residence…