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What’s New: In Brief (September 26, 2007)

September 26, 2007 by Canadian Underwriter

The Insurance Brokers Association of Canada announced its board of directors and executive committee for 2007-2008 at its annual general meeting in Whistler, B.C.The executive committee is comprised of: Larry Kozakevich, chairman; Danny Craig, president; Peter Fredericks, president-elect; Justin MacGregor,…

News InsuranceMergers and Aqcuisitions

Toyota Canada considering entry into auto insurance market

September 26, 2007 by Canadian Underwriter

Toyota Canada Inc. is eyeing the car insurance market as part of an aggressive expansion plan, reports the Globe and Mail.The giant vehicle manufacturer already offers insurance in several other countries, including Japan, Britain, France, Germany, Australia and Thailand, the…

News Insurance

Munich Re launches Internet portal

September 26, 2007 by Canadian Underwriter

Munich Re launched an Internet portal as a means to provide information on sustainability strategies and projects. The new portal will be the central information medium for the public, media, rating agencies and investors who wish to evaluate Munich Re…

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What’s New: In Brief (September 25, 2007)

September 25, 2007 by Canadian Underwriter

A new poll by the Traffic Injury Research Foundation (TIRF) has found more than 2 million Canadians display aggressive driving behaviours.“An aggressive driver may not intend to harm others, but their behaviour elevates everybody’s crash risk,” says Vanlaar. “Speeding, taking…

News InsuranceMergers and Aqcuisitions

Tow truck licensing responsibilities

September 25, 2007 by Canadian Underwriter

The highest number of complaints the Municipal Licensing & Standards office for the City of Toronto receives is for tow trucks that bill more than the capped rate, Scott Sullivan, East office supervisor, Mobile Business Enforcement, Municipal Licensing & Standards,…

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Avoiding the dangers of privacy legislation

September 25, 2007 by Canadian Underwriter

The insurance industry has to set up a protocol for the exchanging of information between insurers thats consistent among all insurers, Norman Groot, lawyer, Investigation Counsel PC, told delegates at the Annual Toronto Fraud Forum. Certainly, I would encourage everyone…

News InsuranceMergers and Aqcuisitions

Cooke Insurance acquires Hutchinson & Warren

September 25, 2007 by Canadian Underwriter

Charlie Cooke Insurance Agency Ltd. has acquired the shares of Maritime-based insurance brokerage Hutchinson & Warren Insurance Services Ltd. Hutchinson & Warren is a Cdn$9 million broker based in Rexton, N.B., a Cooke Insurance release says.With the purchase, Cooke Insurance…

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IBAC sets sights on brokerage ownership and control

September 24, 2007 by Canadian Underwriter

With the issue of the Bank Act officially retired as of early this year (for another five years, at least), the Insurance Brokers Association of Canada (IBAC) is now setting its sights on what brokers do when they choose to…

News Climate ChangeInsurance

What’s New: In Brief (September 24, 2007)

September 24, 2007 by Canadian Underwriter

Ten new drivers in Saskatchewan have received Cdn$1,000 after completing the Graduated Drivers Licensing program without any traffic convictions, suspensions or at-fault collisions.SGI is pleased to reward safe driving habits among our provinces new drivers, Phyllis Glowatsky, SGIs Manager of…

News Climate ChangeInsurance

Al-Quaeda posing greater threat: Lloyd’s

September 24, 2007 by Canadian Underwriter

Lloyds is warning that a growing network of cells spread throughout the world means the al-Qaeda brand is as strong as ever and capable of matching the devastation witnessed on 9/11.Referring to the International Institute for Strategic Studies (IIHS)s 2007…

News Climate ChangeInsuranceMergers and Aqcuisitions

What’s New: In Brief (September 24, 2007)

September 24, 2007 by Canadian Underwriter

According to the Canadian Crop Hail Associations hail report, Saskatchewans hail claims have surpassed the other Prairie provinces and are about 10% higher than the provinces 5-year average. Farmers from the communities of Reward, North Battleford, Meota, Cut Knife, Unity,…

News Insurance

Canadian reinsurance branches here to stay

September 21, 2007 by Canadian Underwriter

Representatives of the Canadian reinsurance market assured delegates of the A.M. Best Canadian conference that their Canadian branches are here to stay, despite recent changes to the Insurance Companies Act.The changes to Part 13 of the Act re-defined in-Canada risk.…