Segment
P&C Companies
Creation of database to help detect vehicle theft
September 5, 2007 by Canadian UnderwriterTo help insurers and other organizations detect vehicle theft, CGI Group, Locator Technologies LLC and National Vehicle Service have announced the creation of a shared database of automobile information for cars in Canada, the US and Mexico, according to a…
Benfield creates division dedicated to non-traditional risk transfer
September 4, 2007 by Canadian UnderwriterBenfield has launched a new division within Benfield Advisory, for all forms of non-traditional risk transfer solutions, including sidecars, cat bonds, industry loss warranties (ILWs), collaterized reinsurance and other indexed linked securities.With the convergence of the capital and reinsurance markets…
Hurricanes churning as forecasters maintain predictions for a season of high activity
September 4, 2007 by Canadian UnderwriterAs Hurricane Felix slammed into Nicaragua and Hurricane Henriette barrels towards Mexico, researchers at Colorado State University (CSU) maintain their prediction of above average activity for the remainder of the hurricane season.<br>Hurricane Felix made landfall with maximum sustained winds of…
Eastern Canada to suffer residual effects of worsening hurricane season
September 4, 2007 by Canadian UnderwriterThe Canadian Hurricane Centre recently told Canadian Press that conditions are right for a turbulent close to the hurricane season.In an online posting, CTV cited a CP interview with Peter Bowyer of the Canadian Hurricane Centre in Dartmouth, N.S. CP…
Ontario moves to regulate driver education
August 31, 2007 by Canadian UnderwriterOntarios Ministry of Transportation (MTO) announced today that the province will be moving ahead to regulate driving schools and instructors, a move supported by the Insurance Bureau of Canada (IBC).Effective September 1, the Ontario government will regulate schools offering beginner…
New causation standard expands potential for negligence actions
August 31, 2007 by Canadian UnderwriterOver the last decade, the Supreme Court of Canada has introduced a more plaintiff-friendly standard for cause-in-fact, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees during a seminar the Canadian Independent Adjusters Associations general meeting and conference in Winnipeg, MB.Causation…
What’s New: In Brief (August 31, 2007)
August 31, 2007 by Canadian UnderwriterGuy Carpenter & Company, LLC has launched a new branding campaign, Capital Ideas, and has announced that its logo will change to bring the look in-line with that of parent company Marsh & McLennan Companies (MMC).The new campaign – including…
Recent Supreme Court of Canada decision settles certain points about litigation privilege
August 31, 2007 by Canadian UnderwriterA recent decision by the Supreme Court of Canada in Blank v. Canada 2006 SCC 30 settles certain points regarding litigation privilege, Ted Bock, partner, Aikins, MacAulay & Thorvaldson LLP, told attendees during at seminar the Canadian Independent Adjusters Associations…
What’s New: In Brief (August 30, 2007)
August 30, 2007 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) teamed up with the Ontario Provincial Police (OPP) and several regional police forces to uncover a substantial auto theft ring in the Toronto area, recovering more than Cdn$1.5 million worth of stolen vehicles.The joint-force,…
Loyalist reports decrease in revenues for Q2
August 30, 2007 by Canadian UnderwriterThe Loyalist Insurance Group Limited announced revenues for the company decreased Cdn$76,173 from Cdn$473,953 in 2006 Q2 to Cdn$397,790 in 2007 Q2. Total company expenses were down from Cdn$613,397 in 2006 Q2 to Cdn$586,644 in 2007 Q2.The company reported a…
What’s New: In Brief (August 29, 2007)
August 29, 2007 by Canadian UnderwriterPilot Insurance Company is continuing its investment as a full partner of the Broker Identity Program for 2007, the Insurance Brokers Association of Canada (IBAC) announced. Pilot is proud to continue as a Full Partner of the Broker Identity Program,…
What’s New: In Brief (August 29, 2007)
August 29, 2007 by Canadian UnderwriterSasktel and SGI are partnering to help new drivers develop safe cell phone habits by offering six months of free voice messaging service to new drivers who are also SaskTel cellular customers. The service is intended to minimize distractions on…