Segment
P&C Companies
OIAA to hold seminar on new auto insurance health claims system
April 4, 2007 by Canadian UnderwriterThe Ontario Insurance Adjusters Association (OIAA) is presenting a seminar in Toronto about the new Health Claims for Auto Insurance (HCAI) system.The Apr. 11 seminar will include an overview of the HCAI system and its capabilities, the changes that can…
KRG acquires p/c lines from Safety Insurance
April 4, 2007 by Canadian UnderwriterKRG Insurance Brokers Inc. has purchased the property/casualty non-transportation business from Safety Insurance Service (1959) Ltd.Effective May 1, 2007, this acquisition reinforces KRGs desire to expand its commercial client base, while drawing upon our expertise in handling commercial and VIP…
Risk Specialists acquires Guild Underwriters
April 3, 2007 by Canadian UnderwriterRisk Specialists Companies Inc. (RSC), a member company of American International Group, Inc. (AIG), has announced the acquisition by its subsidiary of substantially all of the assets of Guild Underwriters Napa, Inc. and its affiliated companies, doing business as SRO…
Crawford announces major shuffle of senior staff
April 3, 2007 by Canadian UnderwriterCrawford & Company (Canada) Inc. has announced a major shuffle to its senior management with nine appointments.Steve Anderson has been appointed senior vice president, corporate markets and administration. In this role he will oversee the companys healthcare management services, risk…
FSCO announces plans to regulate wholesale insurance brokers
April 3, 2007 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) says it intends to “draft recommendations for the licensing of wholesale brokers and re-insurance intermediaries to enhance consumer protection as one of its priorities for 2007.The Ontario insurance regulators list of 2007 priorities…
Willis targets small global companies
April 3, 2007 by Canadian UnderwriterWillis Group Holdings Limited (NYSE: WSH) announced that it is increasing its effort to grow its business among small companies around the world. As a component of Shaping Our Future, a series of strategic initiatives, Willis is targeting this segment…
Bank Act review officially over, IBAC thanks Parliament (April 02, 2007)
April 2, 2007 by Canadian UnderwriterIts official: The 2005-07 Bank Act review has finally been laid to rest.The Insurance Brokers Association of Canada (IBAC) on Apr. 2 applauded the Parliament of Canada for passing bill C-37 in late March.As passed, the bill does not give…
IBC urges Ontario insurers to prepare for HCAI
April 2, 2007 by Canadian UnderwriterInsurers should count on an average of roughly eight weeks lead time to prepare for enrolment in Ontarios new Health Claims for Auto Insurance [HCAI] system, an electronic method for collecting and transmitting auto insurance health claims data. All 180…
Canadian cities to face more heat waves, report finds
April 2, 2007 by Canadian UnderwriterThe Intergovernmental Panel on Climate Change (IPCC) is preparing to launch its second report this year, which found that Canada can expect to see major issues around heat waves and water shortages, reports the Toronto Star. The Star obtained a…
What’s New: In Brief (April 02, 2007)
April 2, 2007 by Canadian UnderwriterKingsway Financial Services Inc. (TSX:KFS, NYSE: KFS) announced the completion of the acquisition of Mendota Insurance Company, a wholly owned subsidiary of The Travelers Company, Inc.. The transaction includes Mendotas wholly owned subsidiaries, Mendakota Insurance Company and Mendota Insurance Agency,…
IBC applauds changes to Nova Scotia’s graduated licensing program
March 30, 2007 by Canadian UnderwriterInsurance Bureau of Canada is applauding the Nova Scotia government for making important changes to the province’s graduated driver licensing (GDL) program.“These changes will significantly make Nova Scotia’s roads safer,” said Don Forgeron, vice-president, Atlantic, Insurance Bureau of Canada. “They…
What’s New: In Brief (March 30, 2007)
March 30, 2007 by Canadian UnderwriterIn response to growing concerns about the threat of identity theft, The Co-operators announced it has extended identity theft coverage to clients with home or farm insurance. The new coverage reimburses clients for up to Cdn$10,000 of costs associated with…