Segment
P&C Companies
Crawford & Company’s 2007 Q2 results up despite U.S. segment slowdown
July 30, 2007 by Canadian UnderwriterCrawford & Company (NYSE: CRDA and CRDB), an independent provider of claims management solutions to insurance companies, has reported a 25% increase in 2007 Q2 revenues.Overall, the company reported a 2007 Q2 profit of US$6.1 million compared to a 2006…
Ontario auto insurance rates decrease slightly in 2007 Q2
July 30, 2007 by Canadian UnderwriterApproved auto insurance rates indicate an average change of -0.13% in 2007 Q2 based on the entire market, FSCO reported on its web site. In the 2007 Q2, for the 31.12% of the market that had rate changes approved, the…
Alberta’s 2007 auto mandatory premiums remain at 2006 levels
July 27, 2007 by Canadian UnderwriterThe Automobile Insurance Rate Board (AIRB) has decided to maintain premiums for mandatory auto insurance in Alberta at 2006 levels, based on the results of its annual insurance rate review.“Alberta consumers continue to have access to fair and affordable auto…
What’s New: In Brief (July 27, 2007)
July 27, 2007 by Canadian UnderwriterHome, car and business insurers are reminding homeowners and tenants affected by the fire in south Edmonton to contact their insurance provider as soon as possible.This fire left many Edmontonians without a home and it’s important that they contact their…
What’s New: In Brief (July 26, 2007)
July 26, 2007 by Canadian UnderwriterWomen in Insurance Cancer Crusade is holding its first fundraising event in the Golden Horseshoe on Sept. 27, 2007.Dust off your poodle skirts, bring out the pomade and become a Rebel Without a Cause against cancer. The Accidental Benefits will…
What’s New: In Brief (July 25, 2007)
July 25, 2007 by Canadian UnderwriterChanges need to be made to the Albertas building codes to incorporate tougher governance on installation of siding, insurance and vinyl siding industries are saying after last weekends massive fire, The Edmonton Journal reports. As an incentive, insurance companies might…
What’s New: In Brief (July 25, 2007)
July 25, 2007 by Canadian UnderwriterInsured flooding losses in the United Kingdom this summer may yet reach more than 2 billion (Cdn$4.27 billion), less than half of what the regions March 1947 floods would have cost insurers had they happened today 4.5 billion to 6…
What’s New: In Brief (July 24, 2007)
July 24, 2007 by Canadian UnderwriterThe intersection at the corner of the Trans-Canada Hwy and Willingdon Ave. in Burnaby, B.C., ranks first among a list of the provinces Top 10 crash sites, according to an annual list compiled by ICBC.The list of British Columbias 10…
PartnerRe increases profit in 2007 Q2, but non-life net premiums written “flat”
July 23, 2007 by Canadian UnderwriterPartnerRe Ltd. has reported a 2007 Q2 profit of US$105 million, up from a profit of US$77.5 million in 2006 Q2.The global reinsurers 2007 Q2 combined operating ratio was 85.7%, down from the 90.3% it reported in 2006 Q2.Net premiums…
Edmonton fire causes massive property damage
July 23, 2007 by Canadian UnderwriterA fire that ripped through a south Edmonton neighbourhood early Sunday morning could prove to be the largest property loss due to fire in Albertas history, industry experts at the Insurance Bureau of Canada (IBC) estimate.Michael Debolt, IBCs manager of…
What’s New: In Brief (July 20, 2007)
July 20, 2007 by Canadian UnderwriterSwiss Res Industrial Risk Insurer has organized its team to better serve customers property and casualty insurance requirements. The reorganization stems from an announcement made by the organization in April stating its intent to enhance its ability to meet the…
What’s New: In Brief (July 20, 2007)
July 20, 2007 by Canadian UnderwriterThe Autorite des marches financiers (AMF) is launching a penal proceeding in the Court of Quebec in the district of Montreal against Kingsway General Insurance Company.As a licensed insurer, the company faces 12 charges for failing to provide the Groupement…