The 8th annual CARSTSTAR industry conference recently held in Ottawa, ON representing over 80% of the CARSTAR network nationwide served as a platform for insurance partner executives to offer opinions and insight into the current state of Canada’s auto insurance…
Insurance Industry ‘Competes For A Cure’ at WICC Ontario 6th Annual Golf Tournament The Women in Insurance Cancer Crusade (WICC) Ontario Chapter teed up for its 6th Annual golf tournament at Angus Glen Golf Club in July, to raise funds…
CARSTAR Automotive Canada recently sponsored the solar-powered car dubbed Soleon engineered by students at the University of Calgary which will competed in the North American Solar Challenge race starting in Austin, Texas on July 17 and ending in Calgary on…
In June, Canadian sales of cars and light trucks jumped 7.3%.Sales advanced from the previous year’s figure of 150,432 to 161,413, according to DesRosiers Automotive Consultants Inc. Sales for the first and second quarter of 2005 combined, showed an increase…
The Ontario Court of Appeal’s dramatic ruling in total loss salvage cases is no loss for the insurance industry. After a two round knock-out match the insurers were made champions, a win bolstered by support from their new found judiciary ‘fans,’ who offered unexpected support against policyholder ‘opponents.’
Close to 240 clients and senior staff of Swiss Re Canada gathered for the company’s 20th Annual Monte Carlo Gala for Charity, enjoying an evening of dinner, entertainment, games of chance and prizes. The recipient of this year’s receipts was…
On June 16, 2005, the newly formed company Assured Automotive representing the recent merger between Imperial Collision Centres and Oaktown Collision Centres held a charity boat cruise to raise money for Erinoak a charitable organization that aids children with physical…
The Appeal Court of Ontario has instigated the filing of numerous nationwide class-action suits with its recent ruling that an insurer should pay the full value of a destroyed vehicle if it keeps the remains for salvage value.This ruling means…
Hannover Re saw its insurer financial strength rating upgraded to “A3” from “Baa1” by Moody’s Investor Service on the back of continued strong results. Despite the company’s “aggressive financial profile”, it has shown discipline in underwriting and strong market acceptance…
Fitch Ratings has revised the outlook on Gen Re parent Berkshire Hathaway to negative, but says General Re’s own rating is stable. The “AAA” rating on Berkshire Hathaway is in doubt based on what the rater calls “key person risk”…
The board of directors of the Insurance Brokers Association of Canada (IBAC) met earlier this year with a number of insurance company CEOs, and on a suggestion from IBAC vice president Danny Craig, the group raised over $5,000 in individual…
Toronto-based Lindsey Morden Group says it is selling its Dutch subsidiary Cunningham Lindsey TES b.v. The Dutch operation provides surveying and claims management services for the automotive sector in its home country of the Netherlands, as well as Belgium and…