IBAC and Member Associations Launch Insurance Brokers’ Appeal for The Salvation Army’s U.S. Disaster Fund
October 5, 2001 by Canadian UnderwriterTo help aid the victims and survivors of the September 11 terrorist attacks in the United States, the Insurance Brokers Association of Canada (IBAC) has partnered with The Salvation Army in Canada to set up the Canadian Insurance Brokers’ Appeal…
IBC launches standard invoice for Ontario
October 4, 2001 by Canadian UnderwriterAfter five years of petitioning the Financial Services Commission of Ontario (FSCO), the Insurance Bureau of Canada (IBC) is finally able to institute a standard auto insurance invoice for health care practitioners in Ontario. The invoice, which applies to rehabilitation…
ICBC president Thompson to retire
October 2, 2001 by Canadian UnderwriterAfter six years at the helm, the head of British Columbia’s public insurer is stepping down. Thom Thompson has been president and CEO of the Insurance Corporation of B.C. (ICBC) since 1995, and his retirement comes amidst a torrent of…
Insurers ask U.S. Congress to support insurance pool
September 27, 2001 by Canadian UnderwriterChubb CEO Dean O’Hare was among insurance representatives speaking to Congress this week on the need for an insurance pool to cover terrorism risks moving into the future. In light of the recent terrorist attacks on the World Trade Center…
Government covers airline terrorism exposures
September 25, 2001 by Canadian UnderwriterThe federal government has stepped in to offer temporary insurance cover to airlines and airports for acts of war and terrorism. The 90-day coverage is a stop gap measure to allow the industry to work out new coverage agreements with…
Newfoundland shores hit by remnants of Gabrielle
September 20, 2001 by Canadian UnderwriterAlthough the damage has yet to be tallied, the Insurance Bureau of Canada (IBC) is advising Newfoundland residents affected by Tropical Storm Gabrielle to find out just what their homeowners’ policies will cover. The storm struck the Avalon Peninsula of…
IBC CEO resigns
September 19, 2001 by Canadian UnderwriterGeorge Anderson, CEO of the Insurance Bureau of Canada (IBC), has announced his retirement from the organization, effective from the beginning of July of this year. Anderson joined the IBC as president in 1992. "It has been a wonderful time…
IBC questions financial affairs of ICBC (September 13, 2001)
September 13, 2001 by Canadian UnderwriterFollowing disclosure earlier this week by the Insurance Corp. of British Columbia (ICBC) of an expected $150 million loss for the current financial year, the Insurance Bureau of Canada (IBC) has called on the B.C. provincial government to conduct an…
Atlantic Canadians hold low perception of insurance costs
September 10, 2001 by Canadian UnderwriterA research study conducted by the Insurance Bureau of Canada (IBC) of the insuring buying public in Atlantic Canada suggests that over 85% of those surveyed believe that the property and casualty insurance industry continues to be profitable. Last year,…
Appeals court finds Ontario Names liable
September 5, 2001 by Canadian UnderwriterThe Ontario Court of Appeals has turned down the appeals of Lloyd’s investors, or Names, in that province who were seeking to avoid paying monies sought by the U.K. insurance market. Justices Laskin, Goudge and Feldman unanimously agreed to uphold…
IBC wants oil tank regulations in place
September 5, 2001 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) has endorsed recommendations in the Report on Domestic Oil Tank Spills submitted to the Newfoundland government, which calls for regulations on the proper installation and maintenance of oil tanks.“We agree the recommendations will guard…
Zurich changes Canadian operations moniker
September 4, 2001 by Canadian UnderwriterZurich Financial Services Group is changing its Canadian identity to Zurich North America Canada. The operations are now included in Zurich’s North America Corporate Business Division, although they will continue to offer personal life and p&c insurance products, as well…