The Art of Retaining Employees
April 1, 2008 Michael Berris, CEO, Berris Mangan Chartered Accountants Insurance Consulting Group And Vanessa JackProfitable brokerages pay roughly the same wages as struggling brokerages, but employees in successful brokerages are far less frustrated with their workloads, a recent profitability survey notes
Trends That Will Change the Collision Industry
March 31, 2008 Greg HornNew trends in the collision industry will have an impact on the insurance industry.
PDS opens three new locations
March 31, 2008 byPaul David Systems (PDS) is pleased to announce the opening of three new PDS locations. Terry Shannon has joined the PDS Network with the opening of PDS of Cape Breton, NS. “We are excited to offer the advantage of a…
Claims Adjusting Market 2008: Expansion on the Roll
January 1, 2008 Vanessa MarigaHow the expansion of national adjusting firms, acquisitions, private equity capital, ‘big box’ shopping and flat-fee adjusting have all combined to form a growing ball that is Canada’s increasingly concentrated claims adjusting industry.
Beyond Process Optimization
January 1, 2008 May GibilliniProcess optimization has not resulted in sufficient innovation in accident benefit (AB) business models in recent years.
Who’s Watching the FARM?
December 1, 2007 John McGlynn, President and CEO, Kingsway General Insurance CompanyIndustry representatives should actively pursue the formation of an Insurance Market Monitoring Board (IMMB) to consult with government on the state of the insurance market With the recent defeat of the Facility re-design proposal, it is appropriate to review the…
Defining Greatness
December 1, 2007 AxiomThe salesman held out his business card to Bob Davies and flashed him a winning smile. “I really don’t have to sell this car, sir,” he said smoothly, waving his other arm at the sleek silver car behind him. “It…
ICBC reports increasing profits and claims costs
November 30, 2007 byThe Insurance Corporation of British Columbia (ICBC) has reported strong financial results for the first nine months of 2007, but remains cautious of increasing claims costs. Net income for the first nine months of 2007 was $526 million, an increase…
Transitions in Collision Repair
November 30, 2007 Laura KupcisDon’t forget the people
XL Insurance purchases Global Asset Protection Services (GAPS)
November 20, 2007 by Canadian UnderwriterXL Insurance, the global insurance operation of XL Capital Ltd (NYSE: XL), has reached an agreement with Swiss Re to purchase Global Asset Protection Services LLC (GAPS), a loss prevention consulting service provider. The transaction is expected to be completed…
AMF levies fine against Richard Langevin Assurances Ltee.
November 16, 2007 by Canadian UnderwriterThe Autorit des marches financiers (AMF) handed a $5,000 fine against Richard Langevin Assurances Lte under section 115 of the Act respecting the distribution of financial products and services.The firm is also required to produce, to the AMFs satisfaction, details…
ICBC reports increasing profits and claims costs
November 9, 2007 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) has reported strong financial results for the first nine months of 2007, but remains cautious of increasing claims costs.Net income for the first nine months of 2007 was Cdn$526 million, an increase of…