Segment
Brokers
IBAC stresses importance of brokers to Members of Parliament
June 13, 2007 by Canadian UnderwriterThe Insurance Brokers Association of Canada (IBAC) went to Parliament Hill on June 12 to emphasize the importance of more than 30,000 independent brokers across the country.Members of Parliament and Senators met with 50 insurance brokers across the country, as…
What’s New: In Brief (June 08, 2007)
June 8, 2007 by Canadian UnderwriterInsurance Brokers Association of Ontario (IBAO) vice president Peter Blodgett was in Peterborough on June 7 to kick off the launch of the Drive Safe Campaign, led by the Ontario Association of Chiefs of Police (OACP).Blodgett participated in the launch…
Does Ontario’s Insurance Act thwart Bill 18 intentions?
June 8, 2007 by Canadian UnderwriterA conflict between the new regulations contained in Ontarios Bill 18, which deals with vicarious liability for vehicle leasing and rental companies, and s. 239 of the Insurance Act may be inadvertently thwarting the intent of Bill 18, according to…
What’s New: In Brief (June 07, 2007)
June 7, 2007 by Canadian UnderwriterThe curtain has lifted on FOCUS Entertainment Insurance Brokers Inc., British Columbias first locally owned and operated insurance brokerage firm exclusively servicing the film industry. Launched by business partners David Hamilton, a senior film insurance broker in Western Canada, and…
Brokers supporting CCIR principles, but not with tools, regulators find
June 7, 2007 by Canadian UnderwriterAll or most of Canadas national and provincial broker associations support the principles contained in the industry regulators report, Managing Conflicts of Interest: A Consultation Paper on Enhancing and Harmonizing, but in many cases less than half of the brokers…
Insurance industry payrolls increase in the United States
June 6, 2007 by Canadian UnderwriterThere is a steady rise in insurance payrolls in the United States, according to an A.M. Best report, and there is some debate as to whether the expanding populations property and casualty claims in the wake of 2004-05 hurricanes might…
What’s New: In Brief (June 06, 2007)
June 6, 2007 by Canadian UnderwriterVolunteers at more than 70 CARSTAR collision repair centres across the country are getting ready to soap it up as part of an ongoing campaign to help the thousands of young Canadians battling cystic fibrosis (CF). The fourth annual CARSTAR…
What’s New: In Brief (June 06, 2007)
June 6, 2007 by Canadian UnderwriterThe Loyalist Insurance Group Limited (TSX: LOY) has announced that the trading in common shares of the company on the TSX Venture Exchange is scheduled to resume on June 7, 2007. Cease trade orders issued by the Ontario, Alberta and…
Pembridge moves into Quebec
June 4, 2007 by Canadian UnderwriterPembridge Insurance Company has moved into Quebec, after the companys official launch in the province today. The launch of Pembridge in Quebec is a hallmark moment for our company, and it is a reflection of our commitment to consumers and…
Property market conditions rapidly changing
June 1, 2007 by Canadian UnderwriterThe terms and conditions for both cat risks and non-cat risks in the global property insurance market are changing more rapidly than many would have anticipated a year ago, says a recent Willis Group Holdings Ltd.s property alert.In Willis Property…
Dale-Parizau, Morris & Mackenzie appoint CEO and president
May 31, 2007 by Canadian UnderwriterDale-Parizeau L.M. Inc. and Morris & Mackenzie Inc. have announced the appointment of Jacques Bigaouette to the position of president and chief executive officer for both entities.In December 2006, Dale-Parizeau announced the acquisition of Morris & Mackenzie with the formal…
Promotion of insurance not part of the core of banking: Supreme Court of Canada
May 31, 2007 by Canadian UnderwriterThe Supreme Court of Canada has ruled that promoting insurance is not a core function of banking. Consequently, Alberta legislation that regulates insurance agents also applies to federally regulated banks when it comes to the practice of promoting creditors insurance.In…