News

Kernaghan Adjusters has opened two new and strategically located offices in southern Ontario. “This bold move,” said Patti Kernaghan, president & CEO of Kernaghan Adjusters, says the move is largely due to the appointment of Derek Francis as the manager…

Whitehill Technologies, Inc., based in Moncton, NB, has begun shipping the latest version of IStream Publisher, which is part of the InSystems product line that focuses on “speed-to-market” for the insurance industry.“The software gives insurers complete control over document production…

Bateman Chapman, Canada has acquired Toronto-based MGI Loss Adjusters Inc. “MGI brings to Bateman Chapman a group of experienced loss adjusters specializing in the areas of commercial/industrial claims including major mining, course of construction, liability, energy and utility losses in…

Co-operators General Insurance is among a handful of Guelph-based firms appearing in the Globe and Mail’s Report on Business magazine annual ranking by dollar profit. The insurance firm ranked 111 for the 2005 years profit of just over CD$132 million.…

A KPMG study of U.S. corporate behavior in the wake of strong corporate governance legislation like Sarbanes-Oxley will likely have many risk managers and D&O insurers shaking their heads According to the KPMG Integrity Survey 2005-06, 74% of the more…

Thirty-one British Columbia cities, districts, and municipalities will receive ICBC grants in place of real property and business taxes totaling CD$4.4 million this year, ICBC has announced.As a provincial Crown corporation, ICBC is not required to pay business and property…

ING Group has signed into a US$1.02 billion (800 million), five-year outsourcing deal, which will cover the installation and servicing of office equipment.This deal is part of ING’s broad strategy to cut costs and represents the Company’s most recent outsourcing…

In response to reinsurer SCOR S.A.’s plan to acquire reinsurer Revios Rckversicherung AG and its subsidiaries, Standard & Poor’s Ratings Services has affirmed SCOR’s ‘A-‘ long-term counterparty credit and insurer financial strength ratings.The deal between Paris-based SCOR and German life…

Aon Corp. (NYSE: AOC) has reached a definitive agreement to sell Aon Warranty Group (AWG) and its worldwide operations to Onex Partners. Among the AWG businesses to be sold to Onex, an affiliate of Toronto-based Onex Corp., is Virginia Surety…

CARSTAR Automotive Canada has signed a national agreement to utilize the claims portal, SMART Insurance Technology managed by CGI Insurance Business Services. CARSTAR’s 114 nationwide locations will now begin to receive assignments from SMART users. The SMART portal automates and…

Plaintiffs’ attempts to impose personal liability on directors is becoming a trend, as are insurers’ attempts to rescind D&O coverage upon learning of fraudulently-reported financial statements, A.M. Best reports.In some recent U.S. corporate scandals, A.M. Best notes, “plaintiffs’ attorneys have…

A new Canadian insurance conference, planned for the end of September 2007, will bring together CEOs and senior executives of the property and casualty insurance industry.The inaugural National Insurance Conference of Canada (NICC) will be held in Montreal from Sept.…