CGI Group Inc. and VIN I.Q. Inc. is giving Canadian Motor Vehicle Departments (CMVD) and law enforcement professionals instant access to a comprehensive, integrated source of information about any vehicle through the use of handheld decoders.The decoders will enable CMVDs…
Cunningham Lindsey Group has signed a definitive agreement regarding substantial investment from Stone Point Capital, a private equity firm, and the buy-out of Cunningham Lindsey Groups minority shareholders. Under the agreement, Stone Point will acquire a 51% interest in the…
Most Ontario auto insurance companies have sufficient SABS-related governance and internal controls, the provinces financial regulator reported in its Statutory Accident Benefits Schedule (SABS) Risk-Based Market Conduct Assessment Report.The Financial Services Commission of Ontario (FSCO) recently posted the aggregate results…
A proposed move to a single securities commission in Canada one with a principles-based approach to regulation would do little to cut costs for investors and issuers, experts argued in a report released by Quebecs Autorit des marchs financiers (AMF).The…
Christopher J. Ridge has been hired as managing director of XN Alternative Risk, a newly formed risk management consulting and reinsurance brokerage operating division of XN Financial. The brokerage will be operating exclusively in the alternative risk transfer (ART) marketplace,…
A.M. Best Co. has affirmed the A+ financial strength rating of The Wawanesa Mutual Insurance Company (WMIC) (Winnipeg) and The Wawanesa Mutual Insurance Company (United States Branch).The outlook for the financial strength rating is stable, according to A.M. Best. The…
CNA Financial Corporation announced a 2007 Q3 profit of US$174 million, a decrease from 2006 Q3s US$311 million.The company also reported a combined ratio of 91.6% for property and casualty operations, a statement says. Net written premiums decreased US$165 million…
Alberta is planning to scrap its industry-wide adjustment of grid prices in its auto insurance product, according to Dennis Gartner, the assistant deputy minister of pensions, insurance and financial institutions of Alberta.The industry-wide adjustment applies to the provinces grid prices…
Information privacy complaints against insurance companies have dwindled from 50 in 2004 down to seven as of September 2007, according to Elizabeth Denham, the director of the research analysis and stakeholder relations branch of the Office of the Privacy Commissioner…
Dan Lawrie, president of Dan Lawrie Insurance Brokers Ltd., has personally donated Cdn$125,000 to Mohawk Colleges new, Cdn3-million concourse for their insurance and financial services. In recognition of the donation, the Dan Lawrie Insurance Learning Centre will be established. The…
Insurance industry counsel should consider telling their clients to get rid of backup data while rules preventing this still do not exist in Canada, Samuel Soloman, chairman and founder of DOAR Litigation Consulting, told delegates and counsel attending an ARC…
SHIP agents are increasingly faced with attempts to obtain delivery of cargo using forged emails, according to the International Transport Intermediaries Club (ITIC). “Fraud in shipping is endemic, cargoes are valuable, and it has never been easier to forge documents,…